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Bitrue has informed its followers that it will list Snek (SNEK) and that trading will open for the SNEK/USDT trading pair at 2023-06-02 10:00 (UTC).Bitrue wrote in an announcement post:
SNEK aims to be the chillest meme coin on Cardano with a fair distributed launch including 0% of the supply set aside to the team and a high circulating supply/low emissions right from the start. With a goal to unite communities across Cardano and onboard new users from outside chains.
anyone else in SNEK?
grabbed a few on Memorial day, and it has already lost a zero in the past two days
also is trading on a centralized exchange in Hong Kong as of today
very exciting
You’re the expert
This is what we’ve been expecting…
Hong Kong is now participating, so who knows how high we’ll go?
ADAUSD bollinger bands are pinching together like never before, but you have to plug them in yourselves
something's gotta give
https://stockcharts.com/h-sc/ui
This is significant, and a huge win for Cardano decentralization...
Cardano's CIP 1694 governance upgrade to take place in June/July will be THE crypto game-changer and disruptor...In addition, Cardano is collaborating with the University of Edinburgh’s decentralization index lab to measure the project’s level of decentralization compared to other major cryptocurrencies like Bitcoin and Ethereum. This collaboration aims to showcase Cardano’s significant progress in decentralization, aligning with the project’s primary goal of building decentralized protocols.
https://zycrypto.com/hoskinson-cardano-to-achieve-unrivaled-decentralization-in-crypto-after-major-project-developments/
awesome
Cardano (ADA): The Younger Better King
Really incredible stuff happening here...
Cardano Unleashes Trillion-Dollar Expansion: Pioneering Blockchain Mobile Provider to Connect the Unconnected
https://www.ethnews.com/cardano-unleashes-trillion-dollar-expansion-pioneering-blockchain-mobile-provider-to-connect-the-unconnected/
Yes definitely Rick
Always follow the money
Cardano (ADA) Ready for Hong Kong: Here's Why
In an exciting development for the cryptocurrency market, the Hong Kong Securities and Futures Commission (SFC) announced today that licensed platforms will soon be able to serve retail investors. The regulatory ruling is set to take effect on June 1, 2023, opening up new investment opportunities for Hong Kong residents.
One intriguing aspect of this regulatory update is the inclusion of specific requirements for tokens to be eligible for trading. The Hong Kong government stipulates that tokens must be relevant virtual assets with significant market capitalization and must be listed in at least two acceptable indices issued by independent providers. Interestingly, the Cardano token, ADA, a well-known digital asset, stands to benefit from this development. As per the requirements, Cardano may be immediately available for trading by Hong Kong investors. This adds to the growing list of cryptocurrencies featured in prominent crypto indices. The five major crypto indices now encompass the Bloomberg Galaxy Crypto Index (BGCI), 21Shares Bitcoin Suisse Index, Bitwise 10 Crypto Index, Nasdaq Crypto Index and WisdomTree Crypto Index. Notably, both Bitwise and WisdomTree indices include the Cardano token.
charts say we're fixing to blow up soon...
https://cryptopotato.com/cardano-due-for-a-price-explosion-consolidation-at-0-36-tightens-ada-price-analysis/
here's another good one...
SEC Emails Suggest XRP Is Not Security, SHIB Scores New Listing, ADA to Reach $500 Billion Market Cap, Says Crypto Capital Venture CEO: Crypto News Digest by U.Today
https://u.today/sec-emails-suggest-xrp-is-not-security-shib-scores-new-listing-ada-to-reach-500-billion-market-cap
absolutely here you go...
https://www.ethnews.com/cardanos-billion-dollar-leap-swiss-fundraising-titan-joins-forces-propelling-smes-into-stratospheric-growth/
https://finbold.com/cardano-defies-crypto-downturn-as-transaction-volume-soars-200/
https://dailycoin.com/cardanos-partner-increase-defi-network/
more from the Acredius deal which occurred over the weekend...
Cardano’s Billion-Dollar Leap: Swiss Fundraising Titan Joins Forces, Propelling SMEs into Stratospheric Growth
Acredius and Cardano Foundation Team Up to Boost Blockchain in Lending
Swiss fintech firm Acredius has unveiled a landmark partnership with the Cardano Foundation to promote blockchain utilization in the lending sector. Acredius, known for providing fundraising and lending/borrowing services, is excited about the possibilities this collaboration with Cardano can bring about.
This partnership is more than just integrating ADA as a payment method and providing additional utilities for its holders. Acredius is set to enter the dApps ecosystem of Cardano’s blockchain. The firm plans to deploy smart contracts on Cardano, the second-largest proof-of-stake (PoS) blockchain, bringing more tokenization opportunities to retail investors and SMEs and improving fundraising processes.
Cardano defies crypto downturn as transaction volume soars 200%
Despite the prices of most assets on the cryptocurrency market recording a bearish streak in recent weeks, Cardano (ADA) is recording impressive results in other departments, including transaction volume and count, active crypto wallets, and accumulation by large holders.
Indeed, Cardano has recorded a significant increase in daily transaction volume, growing by 205.01% since the year’s turn, with more than 26 billion ADA transacted per day, according to the Cardano blockchain analysis by crypto monitoring platform IntoTheBlock shared in a Twitter thread on May 22.
As per the platform’s observations, the transaction count has remained stable during bear market conditions, witnessing a 33.45% increase from the yearly lows and a recent notable peak in daily transaction volume, reaching a three-month high of 98,000 transactions in one day.
The Significance of Cardano Native Tokens
Native tokens play an integral role in the Cardano ecosystem, offering a fast, efficient, and customizable way to create and transact fungible and non-fungible assets. They open doors to a wide array of innovative applications, democratizing access to digital assets, and fostering financial inclusion with a powerful, flexible, and decentralized approach. In essence, Cardano native tokens are reshaping the digital asset landscape, making them an essential tool in blockchain technology’s evolution.
How Cardano Native Tokens Stand Out
The distinguishing characteristics of Cardano native tokens set them apart from those on other blockchains. With the help of an intuitive prototype token builder dashboard, creating a Cardano native token becomes a straightforward process. These tokens, like ada, can be sent and received. Moreover, the Cardano Transaction Metadata (CMT) feature allows issuers to append information to their native tokens, including name, symbol, icon, amount of tokens, Cardano wallet address, and monetary policy.
Native tokens unlock a myriad of potential uses. They have transformative applications in the realm of Decentralized Finance (DeFi), where they can generate decentralized financial instruments such as stablecoins. In gaming, they can create tradable in-game items in decentralized marketplaces, while in the arts, they facilitate the creation, storage, and efficient transaction of unique digital art.
In terms of security, they form decentralized identities for secure authentication, verification, and permission management, and play an integral role in building reliable smart contracts.
Cardano Unleashed: ADA Ecosystem Transforms Governance, Sharing Economy, DAO, and DeFi – A Game-Changing Solution for All
Unlike other blockchains, which necessitate the utilization of smart contracts for token minting, Cardano enables token creation and transactions directly on its ledger. This groundbreaking feature distinguishes Cardano from blockchain platforms like Bitcoin, solely designed as a digital currency, and Ethereum, which introduced smart contracts enabling developers to create their own DApps.
Cardano takes the blockchain game a notch higher by eliminating the need for custom code in creating DApps, which eradicates a layer of complexity seen in other chains and reduces costs and error risks. This enhanced approach extends the original accounting infrastructure, allowing concurrent transaction processing with different types of assets. Notably, native tokens differ from Cardano’s official currency, ada, in two fundamental ways: they can be created and destroyed, unlike ada, and only ada can be used to pay transaction fees and distribute staking rewards.
Uncover Hidden Gems: 3 Cryptocurrencies Under $1 With Massive Growth Potential
Recently, Cardano developers released the Hydra update, which allows complex smart contracts to operate without significantly increasing fees or compromising speed. This has made it a more attractive option for developers and users, and the data reflect that.
Since the beginning of the year, the number of smart contracts (the backbone of DeFi applications) on Cardano has increased by more than 74%. In addition, since the beginning of the year, Cardano's TVL has nearly tripled, which has laid the foundation for its long-term utility and value.
Cardano Saw 100 Billion ADA Spike of Whale Transactions
One of the primary driving forces behind this surge could be the fundamental growth of the Cardano network. Over the past few months, Cardano has made significant strides in enhancing its platform, fostering an environment conducive for the acceleration of large-scale transactions.
Additionally, Cardano's growing ecosystem, characterized by a flurry of new releases and project launches, might be contributing to this surge. New dApps, NFT platforms and DeFi projects being built on Cardano's blockchain present an opportunity for large investors. They might be accumulating ADA in anticipation of using or supporting these new projects, which could explain the sudden increase in high-volume transactions.
Moreover, the spike could be an indication of whales believing in the long-term potential of Cardano. Amid the network upgrades and the expansion of Cardano's ecosystem, large investors might be positioning themselves for future growth, banking on Cardano's scientific philosophy and secure blockchain.
Cardano (ADA) Partners With Major Swiss-Based Fundraising Platform. Fintech innovator Acredius teamed up with Cardano Foundation to advance usage of blockchain in lending.
Digital fintech platform Acredius, which delivers fundraising and lending/borrowing services, shares details of its newly-launched collaboration with Cardano (ADA). Acredius inks partnership with Cardano Foundation, integrates ADA token into business According to a statement shared by the team of Swiss-based fintech Acredius on Twitter, it has entered into a long-term strategic collaboration with Cardano Foundation, one of non-profits overseeing the progress of the Cardano (ADA) blockchain.
As the partnership is officially live, all customers of Acredius are able to leverage the Cardano (ADA) token to directly invest in small and medium Swiss enterprises. This is a major achievement for Cardano's (ADA) real-world usage strategy.
Moreover, the users of Cardano (ADA) will soon get access to the "Secondary Market" module of Acredius, which will make their holdings more liquid than ever before.
The total value locked (TVL) on the Cardano blockchain has hit a significant milestone after crossing 500 million ADA. This new milestone represents a staggering 91.9% increase in total value locked since the turn of the year. Meanwhile, in the last month, Cardano’s TVL has jumped by nearly 8%, indicating a steady adoption of its DeFi ecosystem.
Iinvestors are now exploring alternatives like Cardano, which boasts greater cost-efficiency following its recent Hydra upgrade. Cardano has gained attention for its ability to handle transactions more economically. The implementation of Hydra’s layer-2 scaling solution has positioned Cardano as a viable option for users seeking relief from high gas prices elsewhere.
interesting...I also asked ChatGPT how Cardano compares with other blockchain networks, and all it could give me, after a really long wait, was this error message...
Something went wrong. If this issue persists please contact us through our help center at help.openai.com.
Cool...I typed in "Cardano attributes" with ChatGPT and this is what it gave me...
Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications (dApps) and smart contracts. It has several key attributes:
Proof of Stake (PoS): Cardano uses a unique PoS consensus algorithm called Ouroboros. This algorithm ensures the security and efficiency of the network by allowing token holders to participate in the block validation process and earn rewards.
Layered Architecture: Cardano is designed with a layered architecture that separates the blockchain's settlement layer (where transactions occur) from the computational layer (where smart contracts run). This approach enhances flexibility, security, and scalability.
Peer-Reviewed Research: Cardano emphasizes scientific rigor and peer-reviewed research in its development process. It aims to combine academic insights with practical implementation, ensuring the platform's reliability and stability.
Sustainability and Governance: Cardano promotes a sustainable ecosystem by incorporating a treasury system that funds ongoing development and improvements. It also enables stakeholders to participate in decision-making through a decentralized governance model.
Interoperability: Cardano aims to enable seamless interoperability with other blockchain networks and legacy systems. This allows for the exchange of assets and data between different platforms, enhancing the overall usability and utility of the Cardano ecosystem.
Smart Contract Language: Cardano introduces a new smart contract language called Plutus. Plutus is based on Haskell, a functional programming language known for its strong type system and mathematical correctness, which enhances the security and reliability of smart contracts on the platform.
These attributes collectively contribute to Cardano's goal of creating a secure, scalable, and sustainable blockchain platform that can support a wide range of decentralized applications and financial systems.
The Impact of Djed Stablecoin Protocol
One notable dApp on Cardano is the Djed stablecoin protocol, which was deployed on the mainnet in late January. Djed has quickly become the fifth largest dApp in terms of DeFi TVL on Cardano, currently valued at $13.8 million. Prior to the Vasil upgrade, Cardano had a limited number of working dApps, with less than 10 contributing to the TVL.
However, this number has increased to 18, demonstrating the growing ecosystem on Cardano. The Valentine hard fork triggered in February was also a significant milestone for Cardano.
Cardano Takes Flight in DeFi Market as Investors Unleash the Untapped Power of the ADA Ecosystem
Cardano (ADA) has been making significant progress in the rankings of Total Value Locked (TVL) in the decentralized finance (DeFi) space. According to DefiLlama, Cardano currently holds the 16th spot among all DeFi chains.
Notably, this growth has occurred even though major dApps have yet to launch.
Plutus Application Backend frameworks play a key role in the handling and execution of the smart contracts on Cardano. They provide a set of tools and functionalities that make dApp development faster and more streamlined for developers. Cardano’s developer ecosystem has significantly matured over the past year and now offers a variety of PAB solutions to build and deploy dApps on Cardano.
This should help to decouple ADA from the rest of the field.
Yeah Rick I believe so...seems like the magical price to break through is around $.3767...then, it's off to the races
Now, with the Bitcoin halving around the corner, renowned crypto analyst Michael van de Poppe believes it is time to accumulate alternative coins. In a tweet, published earlier today, the analyst noted: For altcoins, the time to accumulate them has come. One year before the halving
Bitcoin halving is an event that occurs every 210,000 blocks mined, which is approximately every four years. It is a mechanism put in place to ensure the scarcity of Bitcoin, which helps to maintain its value.
Expected Reaction After The Bitcoin Halving Altcoins have been making significant strides in the crypto market, and their dominance has been on the rise. In the past year, we have seen the dominance of altcoins such as Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE), and Cardano (ADA) increase significantly.
This new annual has been audited, which opens the door for good things to come
Heh heh heh
Yeah I’ve done that with powerball and matched 2 of 5 plus powerball for a little cash
We’ll see
I questioned ChatGPT about Cardano’s future; It said ADA will reach $20 by 2023 end
https://ambcrypto.com/chatgpt-ada-price-prediction-8/
The Cardano platform has seen the launch of 126 projects, over 8.24 million native tokens created, and 7,962 Plutus scripts put into action. Additionally, an impressive 1,240 projects are currently under active development on Cardano, and the network has processed a staggering 66.3 million transactions. This progress reflects Cardano’s robust growth and its potential to make significant strides in the crypto industry.
Expect a positive trend soon if ADA rallies above the $0.3767 resistance. Cardano is a renowned developers’ hub committed to innovative network developments and trends that benefit its community. #Cardano's recent upgrades are improving interoperability, scalability and sustainability, making it an attractive blockchain for developers creating DApps.
Interestingly, the ADA price may certainly not follow a steep descending trend as the RSI and ADX, both have displayed a bullish divergence. Therefore, a rebound at the lower trend level appears imminent as the sellers are losing their strength. With a bullish rebound, the Cardano price is believed to rise and reach the crucial resistance at $0.406. Further, if the price sustains above these levels, the bearish influence may fade paving the way for a strong upswing ahead.
Cardano DeFi Steals The Show, Outperforms The Market With Explosive Transaction Growth
Despite the recent market dip, Cardano’s decentralized finance (DeFi) ecosystem has seen a significant surge in activity, with transactions on Cardano DeFi apps soaring to 250,000 per epoch from 160,000 transactions during the previous epoch. This remarkable 56% increase in transaction volume has been attributed to the launch of new DeFi protocols on the network and the active community of developers and users driving innovation for the protocol.
ADA Remains Bullish Even with the recent contraction, Cardano’s long-term prospects look good. Presently, whales appear to be accumulating, adding over 150 million ADA in just one month. With big players bullish on the coin, doubling down on dips, ADA prices could recover. In the medium term, the ceiling remains at $0.46, marking April 2023 highs.