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ADA Records Sharp Decline Despite Cardano’s First Oracle Integration

Cardano's native cryptocurrency ADA has experienced a drop in price despite the blockchain's first-ever Oracle integration launch with Charli3, an open-source decentralized Oracle. The integration with Liqwid, a decentralized interest rate protocol for lending and borrowing on Cardano, enables Charli3 to provide secure, safe, and accurate data to the ecosystem. However, ADA's price has dropped by 2% in the last 24 hours and currently trades at $0.379, down from trading above $0.4 on Monday. ADA's market cap has also declined to $13.2 billion from $14.2 billion seven days ago, and its trading volume has dropped from $630 million to $273 million in the past seven days. Despite this, Charli3's Oracle integration is a monumental milestone for Cardano, allowing several projects to build their oracle needed projects on the blockchain.

(By Samuel Edyme)

Cardano Cardano $0.99
-5.81%
Cardano ADA
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