কার্ডানো ডেফি ও এনএফটি ডেভেলপমেন্টের জন্য $100M বরাদ্দ করে, এটি কি $ADA-এর দাম বাড়াতে পারে?

Cardano’s financial arm Emurgo allocated $100 million towards the development of the Defi and NFT ecosystem. The financial boost can help Cardano become a hotspot for upcoming Defi and NFT projects as the blockchain became smart contract compatible post-Alonzo upgrade. Emurgo’s CEO Ken Kodama said,

"আমরা বিশ্বব্যাপী বিকেন্দ্রীভূত পরিষেবাগুলির সমৃদ্ধ মিশ্রণের সাথে কার্ডানো এর বাস্তুতন্ত্রের বিকাশকে ত্বরান্বিত করার জন্য আগের চেয়ে বেশি মনোনিবেশ করেছি যা সামগ্রিক ব্লকচেইন সচেতনতা বৃদ্ধি করছে।"

The funds would be directed towards two initiatives with a separate focus which would contribute towards the expansion of the Cardano ecosystem together. The first investment fund would be allocated by Emurgo Ventures that would be responsible for helping new projects and providing seed funds to startups building their product on Cardano. The second fund is dubbed Emurgo Africa would cater to the needs of projects in Africa in particular.

Charles Hoskinson, the Cardano founder has already announced his collaboration with legendary music artist Paul Oakenfold who would be releasing his next album on Cardano as NFT. Hoskinson believes Cardano’s new features would make it one of the most formidable forces in the post-regulation defi era as it has scalability and cross-chain support.

অন্যতম @ethereum‘s original co-founders, @ আইওএইচকে_চারলেস, is working on a collaborative album with dance music legend @pauloakenfold.https://t.co/WUgw3AV2XF

— EDM.com (@TheEDMNetwork) সেপ্টেম্বর 29, 2021

Cardano ($ADA) In Consolidation Waiting For a Breakout

$ADA price has been consolidating under $2.2 for the past couple of weeks owing to the bearish September month and recent market corrections caused by China’s crypto ban. The altcoins are currently holding its 2.10 support losing which $2.0 will come into play. Analysts expect a bounce back in the last quarter of 2021 and many expect the surging development of the blockchain could push its price further.

The altcoin reached an ATH of $3.10 in the run-up to the Alonzo upgrade but hasn’t been able to replicate a similar price action since then. However, market analysts believe the next alt season could help $ADA to break past its current ATH.