Cryptocurrencies, which fell in the global market, also negatively affected the ADA price. All Cardano (ADA) lovers now want prices to go up. Cardano offers a Decentralized app called SundaeSwap. The lack of decentralized application in the Cardano network was very negative for Cardano.
Cardano is now launching the SundaeSwap testnet application and will launch decentralized application on its own network as allowed by the Alonzo update, which we think will be positive for Cardano thanks to the decentralized applications in this network. Many analysts said that the biggest reason why the expected rise did not come after the Alonzo update was the lack of dApps (Decentralized Applications). Now that Cardano has dApps (Decentralized Applications), we all expect Cardano to grow stronger.
After the Cardano Alonzo update, many dApp (Decentralized Applications) projects have said that they intend to develop Cardano. Some of them are Charli3, Adax, Liqwid and SundaeSwap. We hope that maybe dApp (Decentralized Applications) projects will accelerate the mobilization of ADA.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
