Cardano has flipped Solana to become the fifth-largest cryptocurrency by market cap after posting 47% week-over-week gains. New scaling plans appear to be driving ADA’s bullish price action.
Cardano is back in the green.
Input Output Hong Kong, the company developing Cardano, has announced new plans outlining how it will scale the network in 2022. The goal is to increase the network’s capacity and throughput with different parameter adjustments, enhancements, and other innovations.
The engineering and research company wants to prepare the smart contracts blockchain for a substantial spike in usage, amid plans to onboard hundreds of thousands of users.
