The unknown reason why Cardano is looking forward to 17 March
Cardano and its fundamentals continue to be a major attraction for investors and developers despite its lukewarm performance over the last six months. Now, unlike other altcoins, Cardano’s downfall began three months prior to the rest of the market. Even so, investors are hoping that it could come to an end soon.
Project Catalyst
Project Catalyst is a quarterly innovation fund campaign initiative used to support projects proposed by developers. The Cardano Treasury will be setting aside $16 million for Fund eight. Interestingly, Fund seven has seen 269 projects funded with $8 million. And, this quarter could see double the number of projects receiving funding.
Since its inception, Project Catalyst has been doubling its funding every quarter, making it the world’s largest decentralized innovation fund.
Project Catalyst history | Source: IOHK
The proposals coming in for Fund 8 have a deadline of 17 March. It is being anticipated that after the proposals come in, Cardano would make impressive moves on the price charts. Development and the community have for long been Cardano’s strongest suits. Building upon them would reflect well on the price action. It might as well boost investors’ interest too. read morehttps://ambcrypto.com/the-unknown-reason-why-cardano-is-looking-forward-to-17-march/
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