Cardano Network Update! This Is Why ADA Price Will Hit $2.5 By March!

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Cardano price action has been possibly generating lower highs with swift resurgence over the past couple of days. With record exchange outflows, the bulls are likely to propel the price by more than 100%. Moreover, the network activity is on the rise followed by its latest announcement on Network update. 

Cardano Network Update! 

As per the latest announcement, developers are currently working on a proposal to increase the block size from 72kb to 80kb. The integration has been initiated to boost Plutus script memory units per transaction on ADA mainnet by 1.5 million. In addition, the integration will offer additional resources for Plutus scripts to boost DApp UI while catalyzing overall network capacity. 

The network has been built to securely handle high peak loads and throughput. Users can expect to see a massive improvement to the user experience with this new integration. And the platform is strongly committed to delivering the Basho scaling upgrade which is the core part of the Cardano roadmap in 2022.  

Followed by the upgrade, the number of active addresses on-chain has seen exponential growth. In addition, the net network growth is 2.06% bullish. The important metrics that drive any altcoin’s price action would be social sentiments. Currently, there have been positive impressions flooding towards the altcoin. 

Collectively, the Cardano price is likely to moon-shot in the next couple of weeks with a resurgence in network activity. The altcoin’s new network update and upcoming basho upgrade are likely to become a game-changer for the altcoin in Q1.

If the network upgrade goes successful, the altcoin would bypass the $2 threshold to reach $2.5 by March. Currently, the ADA is trading at $1.05 with 1.05% negative barriers, if it flips the $1.12 overhead barrier then reaching $1.26 is inevitable in the next couple of weeks.