Cardano (ADA) is showing resilient growth through DeFi development and technological advancements like integration with Bitcoin Lightning.
Cardano's Latest Developments
Cardano continues to expand its ecosystem with a growing community and thousands of developers. During the 2021 bull run, it ranked among the top in market capitalization and now aims to reclaim that position. The Cardanians community highlights significant project achievements in DeFi.
Integration with Bitcoin Lightning
According to Cardano co-founder Charles Hoskinson, the network is implementing the Hydra technology, capable of handling over one million transactions per second. This technology is set to be integrated with the Bitcoin Lightning Network to strengthen ties with Bitcoin and explore Bitcoin DeFi opportunities. Despite potential roadmap changes, developers are committed to the project's growth.
Bullish Breakout of ADA Price
According to AMcrypto analysts, ADA's price showed a bullish breakout after forming a symmetrical triangle with converging trendlines providing resistance and support. After multiple attempts to break the lower boundary, the price surged above the resistance level. With increased trading volume, ADA crossed the $0.75 mark, reaching near $0.80 and confirming the bullish trend.
Cardano continues to develop, attracting investors and solidifying its market stance. Strengthening ties with Bitcoin and other technological advancements mark a promising future for the project.
