Crypto Analyst Discusses Cardano's Future Prospects and Addresses Concerns over Swap Completion Time on DEXs
Crypto analyst and founder of Crypto Capital Venture, Dan Gambardello, has released a video discussing Cardano's future prospects and addressing concerns over swap completion time on Cardano-based decentralized exchanges (DEXs). Despite reports of some swaps taking up to 30 minutes to complete, Gambardello assures his audience that he has not encountered such delays when using Cardano-based DEXs. He emphasizes the reliability and efficiency of the ecosystem, defending it against circulating doubts. Gambardello also highlights that Cardano is at a critical juncture where it could either experience a significant upward surge or a sharp decline, with the potential for a subsequent rebound.
Cardano's Network Activity and DeFi Landscape See Remarkable Growth in May
Despite negative market sentiment, Cardano's network activity and decentralized finance landscape have experienced significant growth in May, with around two million transactions on the chain so far this month. Developers are continuing to enhance the network's features, including wallets, scalability, and node functionality, which has led to a steady rise in development activity and boosted ADA's value proposition. However, ADA's volatility has decreased in recent weeks, resulting in reduced speculative interest and a narrower trading range.
Promising Altcoins Trading Below $1: DigiToads, Cardano, Audius, Ripple, and Polygon's MATIC
The cryptocurrency industry experienced a tumultuous period in 2022, with several ecosystems collapsing and some shutting down completely, resulting in significant losses for many altcoins. The unexpected closure of Bankman-Frieds FTX and Terra was a major concern for crypto investors. However, there are five altcoins trading below $1 that are worth keeping an eye on, including DigiToads (TOADS), which has raised over $4.2 million in presale funding due to its utility-centered approach in web-3, NFT staking features, and P2E. Other promising altcoins include Cardano (ADA), Audius (AUDIO), Ripple (XRP), and Polygon (MATIC), each with unique features and potential for growth in the future.
Cardano Founder Charles Hoskinson Warns of Regulatory Divide As Decentralization Increases
Charles Hoskinson, the founder of Cardano (ADA), spoke in a recent YouTube address from Colorado about the increasing decentralization of Cardano. He emphasized the progress of the project despite criticism and highlighted that Cardano is becoming more decentralized and influential every day. Hoskinson believes that stronger decentralization may become institutionalized within cryptocurrency regulation, with decentralization metrics potentially becoming a core component of regulatory standards. He warned of a possible regulatory divide where more centralized digital assets could face adversity under the law and stressed the importance of self-sovereignty in the cryptocurrency space.
Cardano Founder Charles Hoskinson Labels Ethereum Classic a Scam in Twitter Rant
Cardano founder Charles Hoskinson has criticized the decentralized computing platform Ethereum Classic (ETC), calling it a scam with no plan of action or vision. Hoskinson's comments came in response to ETC Cooperative executive director Bob Summerwill's criticism of the programmable blockchain Ergo.
Cardano's Staking Ecosystem Reaches Impressive Milestone with Over 430 Million ADA Tokens Staked
Cardano, a blockchain platform that prioritizes sustainability, security, and scalability, has achieved a significant milestone in its staking ecosystem. Recent reports show that the total value of ADA tokens staked on the Cardano network has surpassed 430 million, indicating growing faith and confidence in Cardano's proof-of-stake (PoS) consensus process.
Cardano DeFi ecosystem's TVL grows by 229% YTD, reaching $161.81 million
According to DeFiLlama data, the Total Value Locked (TVL) in the Cardano DeFi ecosystem has reached $161.81 million, representing a year-to-date growth of 229% from $50.097 million at the start of 2023. TVL is an indicator of the value of digital assets locked in a particular DeFi protocol/ecosystem, and a rising TVL suggests a willingness to scale the protocol/ecosystem. Despite a recent lull in the broader crypto market, the Cardano DeFi ecosystem uptrend remains intact, driven by notable protocol milestones. The interest in Cardano DeFi is increasing thanks to significant milestones achieved by native protocols establishing themselves within the cryptocurrency space.
Cardano's TVL Sees 4.53% Increase in Last 24 Hours, Despite Drop in Active Users and Favorable Long/Short Ratio for Short-Term Traders: Traders Advised to Monitor TVL for Further Upswing in Bullish Momentum
Investors staking their ADA have led to a 4.53% increase in Cardano's Total Value Locked (TVL) in the last 24 hours. However, the current long/short ratio may favor short-term traders over long-term traders, which could be a cause for concern. While the number of ADA holders has increased, development activity has decreased. Despite this, ADA's price is currently trading positively and could potentially move towards the overbought zone. Traders should monitor ADA's TVL to assess any further bullish momentum over the next few days. The XML tag is related to ad placement on the website and is designed to trigger specific ads using the AdPushup platform when the page loads. It is likely part of the website's advertising strategy.
World Mobile Expands to Four Continents with Cardano Blockchain Technology
World Mobile is expanding globally by utilizing the Cardano blockchain to connect the unbanked population. The founder of Cardano and CEO of IOHK, Charles Hoskinson, expressed his admiration for World Mobile's efforts and highlighted that Cardano was designed to support initiatives like theirs.
Cardano Struggles with Delays in Swaps, Causing Users to Consider Competitors such as Polygon and Solana
Cardano, a popular smart contract network known for its high transaction speeds and scalability, has been experiencing delays in token swaps on some of its decentralized exchanges. These delays have put a dent in the network's integrity and given its competitors an edge.
