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Observing the current Crypto Assets market, 2024 could become the year when Cardano (ADA) truly begins to realize its potential. This judgment is mainly based on the Leios project launching on the Mainnet next year; if successfully implemented, Cardano is expected to achieve transaction speeds that surpass Solana.
The most significant achievement for Cardano in 2023 is the completion of the on-chain democratic governance mechanism and strategically repositioning to align more closely with Bitcoin. This move demonstrates Cardano's deep understanding of the entire crypto assets ecosystem and recognizes Bitcoin's core position in this field.
Against the backdrop of institutional investors and Wall Street capital gradually entering the crypto market, Cardano's choice to implement a strategic transformation and deploy the Midnight project can be seen as an important step in paving the way for traditional financial institutions to enter the crypto field. If the Leios project can successfully land in 2024, we can say that Cardano, after 8 years of preparation, is finally about to truly unleash its strength.
These developments are undoubtedly exciting, but it is also worth maintaining a cautiously optimistic attitude and closely monitoring Cardano's specific performance and market reactions in the coming year.