Cardano’s Strides Towards Future: IOG’s Progress and Impressive Network Statistics
The latest update on Cardano’s ($ADA) network statistics is out, highlighting positive progress made by the platform.
Transactions on Cardano Network Soar Despite Suppressed Prices
Cardano's transaction volume has surged despite a turbulent start to the year for its native cryptocurrency, ADA. The transaction volume has been steadily increasing this year and has remained stable despite price fluctuations.
Biggest Movers: ADA, SOL Jump 9% Higher on Wednesday
Cardano was one of Wednesday’s big movers, as bullish sentiment returned to cryptocurrency markets. Spurred by an apparent collapse of First Republic Bank, the global crypto market cap moved 7% higher, as of writing. Solana was also in the green, rising by nearly 9%.
Cardano ADA Trades Below The $0.41 Mark, Will It Break The Barriers?
Cardano (ADA) coin has captured the interest of investors and holders with its recent price drop below the $0.40 mark on April 25. This notable price dip left everyone wondering if Cardano (ADA) will break this barrier, which has proven significant in recent trading sessions.
Cardano (ADA) Could Be Poised For A Bullish Breakout, Here’s Why
Cardano (ADA) is a blockchain-based platform that allows developers to build decentralized applications (dApps) and smart contracts. Created by Charles Hoskinson, one of the co-founders of Ethereum to address some of the scalability and interoperability issues faced by existing blockchain networks.
Cardano At Risk Of Falling 8% If It Doesn’t Hold Above Key Support Line
The Cardano price surged as it broke through a critical resistance trendline on its chart, a few days ago. However, the bullish momentum was short-lived, and ADA has since lost 0.5% of its value on the daily chart. The past week saw a significant depreciation of 14% in ADA’s value, with demand and accumulation both falling.
Wrapped Bitcoin Token Goes Live on Cardano Testnet
The Cardano testnet has launched wrapped bitcoin token cBTC as developers aim to attract bitcoin users to the Cardano decentralized finance (DeFi) ecosystem. Users can now mint cBTC tokens from the anetaBTC protocol and use the tokens to fund, trade, or provide liquidity to Cardano testnet protocols. Wrapped tokens make it easy to transfer value across blockchains, allowing users to access different DeFi protocols without requiring the native tokens of that protocol. The rise of DeFi protocols on Cardano has increased since the start of 2023, with total value locked rising from under $50 million to over $150 million in this period.
Cardano and Avorak AI Catching Attention as Potential High-Return Investments in DeFi Space
Cardano (ADA) and Avorak AI (AVRK) are catching the attention of crypto enthusiasts as potential high-return investments. Cardano is a blockchain dApps platform with unique technological features and a growing ecosystem, while Avorak AI is a new AI crypto platform with AI-powered trading and content generation tools.
Cardano ($ADA) Ecosystem Flourishes: 1,227 Projects Building and 65 Million Transactions Processed
Input Output Global (IOG), the organization behind Cardano’s research and development, recently shared its weekly development report for the week ending on Friday, April 21, 2023.
Biggest Movers: XRP, ADA Drop to Multi-Week Lows on Friday
Xrp plunged to a multi-week low in Friday’s session, as the token slipped for a third consecutive session. The move pushed prices to their lowest point since late March, with the global market cap trading 2.39% lower as of writing. Cardano also fell to a two-week low.
