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Cardano prices were floundering at the beginning of 2022. The network saw much less of a boom in new dapps than developers had previously anticipated. Compounding atop that slower-than-projected growth were headaches with several Cardano dapp launches, such the networkâs first native decentralized exchange (dex) launch in SundaeSwap.
Since finding a price floor in March, however, it appears ADA is back on the up-and-up. Charles Hoskinson admitted he was wrong about growth projections since the network launched its smart contract capabilities. Upon launching, the Cardano founder had said smart contracts that dapps and assets on-network would quickly number in the thousands. But there is still cause for celebration; dapps currently number in the hundreds and the network has celebrated its four millionth native non-fungible token (NFT).
This growth is helping ADA crawl out of its hole â and allowing for the coinâs steepest upward climb since January. Today, Cardano is adding further to its repertoire with a new layer-2 that has a lot of promise.
This week, Cardano is building on top of its previous momentum with a big announcement. The news? A new layer-2 will be launching this week. Whatâs more, with Ethereum  (ETH-USD) Virtual Machine (EVM) capabilities, Cardano users will have a convenient point of access between two of the largest dapp platforms in the world. This news is helping to bolster Cardano price predictions.
Milkomeda is the layer-2 thatâs promising to turn Cardano transactions on their heads. Itâs a scaling network that will help Cardano deal with the quickly increasing volume of transactions thatâs coming with its rapid growth. Milkomeda will use zero knowledge (zk) roll-ups to move data off of the Cardano chain, helping keep down gas fees and transaction times. Another point of interest is that it uses EVM, which opens up interoperability between other Ethereum ecosystems.
Several test networks have launched to help accommodate the network on Cardano. This all comes to a head today, as the main network officially launches. Now, many investors believe the Milkomeda launch can catalyze significant gains for ADA crypto. Letâs take a look at some Cardano price predictions and see what analysts are thinking:
On the date of publication, Brenden Rearick  did not hold (either directly or indirectly) any positions in the securities mentioned in this article.  The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com  Publishing Guidelines.
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