Overview
- The Bloomberg Terminal displays Cardano on its list of crypto assets.
- The crypto asset has been experiencing a surge in popularity recently, and this news will give it a lot more exposure.
- The project is going to be launching the next level of its scheduled update, Goguen. It is expected to be launched in a few months.
Bloomberg Terminal Recognizes Cardano
Cardano (ADA) has been added to the Bloomberg Terminal, and this move has exposed Cardano to a major league of traders and professional investors.
This news has proven to be of significant validation for Cardano, which is a main competitor of Ethereum. Many users posted the inclusion of Cardano in the Bloomberg Terminal on Twitter on 15th March 2021. The post by the Bloomberg Terminal included a nutshell explanation of how the crypto asset works and what are its core characteristics.
The Bloomberg Terminal is used by professional investors and traders, and the subscription tied to this platform sets you back to around $24k per year. The Bloomberg Terminal is a very complex and important tool used by experts, and it will give Cardano a great deal of exposure. The founder of Cardano (ADA), Charles Hoskinson, said that he even gets recognized by people in airports now.
The Next Update of Cardano to Feature Smart Contracts
The technical architecture of Cardano is very distinct from all the other blockchain platforms. The blockchain project is presently undergoing a huge update after several years of development. It is now in its Goguen state, which might be released very soon in the future.
The Shelby update of the project was launched last year, and it was a huge achievement because it bought a greater and better decentralization to the network. The update of Goguen, which is now underway, will be focusing more on the applications, scaling solutions, governance mechanisms, and improvements in the smart contract framework.
This news and several other factors have caused a huge surge in the popularity of the crypto asset, and investors and institutions alike are now more interested in Cardano than ever. The show is not over yet, and the value of Cardano (ADA) might go up even further after the highly anticipated Goguen update, which is expected to be launched soon.
