Cardano (ADA) Might Surpass $1 Trillion in Market Cap

According to the founder of Crypto Capital Venture, Dan Gambardello, Cardano (ADA) is just 62x away from hitting $1 trillion in market cap.

Leading cryptocurrency initiatives like ADA appear to have intensified their growth and expansion amidst the bear market. A major milestone was reported by Input Output Hong Kong (IOHK), the organization in charge of creating the Cardano blockchain.

Cardano has continuously managed to hold onto a position in the top 10 list of development activities on GitHub. In fact, compared to other well-known networks like Ethereum, it was superior in terms of development activity at the beginning of June.

The network’s highly awaited Vasil Hardfork has been postponed by a month until the latter week of July, despite activity being in full swing. The IOHK team stated in a recent blog post that it had seven problems to fix and would require extra testing time. However, none of the bugs have been labeled as “serious.”

In other news, a lite wallet is being developed by Input-Output Global. According to a recent blog post, the same tool, named Lace, would enable users to manage, regulate, and store their cryptos all in one location.

Charles Hoskinson, the inventor of Cardano, stated a week ago at Consensus 2022 that the Lace team had been developing the wallet platform for around six to seven months. However, the wallet is still under development.

According to the company, it will help increase adoption rates by giving cryptocurrency consumers improved capabilities. The chief executive emphasized that the wallet would constantly change and that new features would occasionally be released.