Cardano has made tremendous progress in the past one year, by meeting key milestones on their roadmap. The project is also making moves in aiding mass adoption of Cardano-based Dapps. The latest of such moves is to open source React Native. React Native is,
…a development framework used for building iOS and Android apps. So if you’re building a mobile app that needs to do anything with the Cardano blockchain you can use this library from the Emurgo team instead of rolling out your own. It’s supposed to be generic enough.
This is a big deal for Cardano (ADA) because, it could open up the Cardano ecosystem to the mass market, in terms of applications development. Mobile is the biggest market for applications and if Cardano (ADA) dominates this market, thanks to React Native, it could pick upside momentum going into 2019. IOS and Android applications would take easily take Cardano to the mass market.
Such developments are a plus for Cardano (ADA), when combined with the other developments that this project has made in terms of technical development. For instance, according to the IOHK team, the much awaited Shelley will be released in Q1 of 2019. This will make Cardano a truly decentralized project, one that will open up doors for Cardano, including a possible listing on Coinbase.
Cardano a silent giant
Cardano (ADA) is one of those projects that will surprise investors in the long-run. It is not a hyped project, and everything about it is done quietly. Actually, the team has not yet embarked on any official marketing. However, what it has achieved so far probably bigger than what more hyped projects will take years to achieve. For instance, Ouroboros, which is Cardano’s peer-reviewed proof-of-stake algorithm enables Cardano to scale, while maintaining full decentralization. This is something that not many projects have managed to achieve. It places Cardano in a good position for mass adoption given that scalability is the biggest bottleneck to the growth of decentralized systems.
Once these features gain more publicity in the market and start gaining adoption, more investors will jump into Cardano (ADA) and its value will skyrocket. However, in the short-term, only people who understand its value find this project interesting. It’s not a project for investors looking for short-term pumps in price. It is actually a very boring project to hold for anyone who can’t see the bigger picture.
However, once the major aspects of the Cardano project are completed, and the team takes on aggressive marketing, investors will start to FOMO into Cardano (ADA) and could push this crypto significantly. In 2017, the crypto gold rush pushed Cardano to over $1, when it had very little in terms of technical developments. Today, Cardano (ADA) is way deeper into its roadmap than it was in 2017. This means that its intrinsic value at this point is way higher than the $1. This places it in a good position for gains that are upwards of $1 in the next Bull Run, especially if a market rally comes after Shelley release.