Cardano Adds 79,196 Non-Zero Addresses, Moving Towards 10M by 2025
The number of non-zero addresses on the Cardano network is expected to increase to 10 million by 2025, according to an analysis by Cardano stake pool operator Cardanians. The network recently surpassed 4 million total addresses, with 2.24 million holding non-zero balances.
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.
Charles Hoskinson: Cardano Delays Due to Betting on Wrong Tech, Ambitious Roadmap
Charles Hoskinson, the co-founder of Ethereum and founder of Cardano, joined Cointelegraph’s Hashing It Out podcast to discuss the current state of crypto and take a deep dive into Cardano. Hoskinson explained the need to create Cardano despite the rebuilding of the network effect, which allowed for an unadulterated vision. He acknowledged the multichain nature of the industry and believes that to stand out among various blockchains, you need the right product-market fit, great user experience, and a “softer” onboarding process. Cardano has come under criticism for delayed updates and setbacks, which Hoskinson attributes to betting on the wrong technology and being ambitious with the roadmap. He also plans to expand Cardano's reach on the continent from East Africa to West Africa, with Ghana as a prime focus.
Dogecoin Flips Cardano To Become 7th Largest Crypto
According to recent stats from data aggregator Coimarketcap, Doge was able to beat Cardano to become 7th largest crypto in terms of market cap.
Cardano Gets Onchain Gaming Boost as Paima Layer 2 Goes Live
Paima Studios has released a feature for the Cardano blockchain that allows users to play on-chain games using ADA tokens without needing to bridge tokens to other networks. Paima is a layer 2 network that bundles transactions to a base blockchain for faster speeds and cheaper costs, and it also supports the migration of games built on other networks to Cardano. All games on the network are non-custodial, mitigating security risks. The release is the latest in a series of network improvements and features for the Cardano blockchain, which may ultimately add value to ADA tokens. Additionally, Milkomeda released a feature that will allow Cardano blockchain users to gain access to Ethereum Virtual Machine (EVM) smart contracts with any ADA wallet, enabling Ethereum application developers to build on Cardano's network using Solidity without the need to install new toolkits or learn a new computer language.
Biggest Movers: ADA Snaps Losing Streak as BCH Moves to 10-Day High
Cardano ended a two-day losing streak on Monday, as the token moved closer to a two-month high to start the week. Cryptocurrency markets were mostly lower in today’s session, with the global market cap down 0.36% as of writing. Bitcoin cash also climbed, hitting a ten-day high.
Cardano's Unique Staking Wallets Surpasses Ethereum, Founder Praises Network's Staking Protocol
Cardano has surpassed Ethereum in the number of unique staking wallets, with 1.23 million addresses staking on the Cardano Network compared to 88,400 on Ethereum.
ADA Jumps 14% Weekly, BTC Reclaims $28K After Enhanced Volatility
Bitcoin has bounced back above $28,000 after slipping below the level last week, with several crypto analysts pointing out potential bullish scenarios for the next few months. However, several altcoins, including Shiba Inu, Dogecoin, HBAR, and SOL, have retraced hard, with daily declines of up to 6.3%. Cardano is among the few exceptions with daily gains, up by 3.5% in the past 24 hours and more than 14% on a weekly scale. The total crypto market cap has remained stagnant and sits just under $1.2 trillion on CMC.
Cardano Foundation CEO Optimistic About Future of Blockchain in UK After Visit
He expressed optimism for the future of blockchain in the UK, suggesting that there is much to look forward to in the coming months and years.
