Claim $500Cardano News: 4 Recent Launches, Upgrades Investors Should Know
Crypto News: Cardano (ADA) was among the top altcoins that took a sharp upside following the historic Summary Judgment recently in the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC). Earlier, CoinGape reported that the altcoin was going through a long correction phase. A breakout beyond the resistance level of $0.334 could push the Cardano price to above the $0.35 barrier, and then subsequently beyond $0.382, and $0.42. Meanwhile, the altcoin ecosystem recently saw some interesting launches and upgrades.
Also Read: XRP, DOGE Among Top Altcoins In Market Depth Spike After Ripple Ruling
Cardano is known for being one of the busiest blockchain networks in terms of Github developer submissions. Also, with the resurgence of XRP token, network upgrades and integrations could go a long way in expanding reach of the altcoins in the months to come.
Cardano Upgrades, Launches
On Monday, July 24, 2023, Cardano protocol Indigo announced the successful completion of integration tests with the ORCFAX oracle, a move that helps the protocol implement decentralized oracle feeds. Similarly, Spectrum Labs, a trustless protocol for programmable cross-chain messaging, was launched on Cardano. Also, MuesliSwap, a Cardano based Decentralized Finance (DeFi) ecosystem, had launched OptionFlow, a decentralized option protocol built on Cardano. OptionFlow offers transparent and trustless option creation and redemption, and therefore enabling new ways to manage the DeFi trades.
On July 15, 2023, the adadomains app went live. The app allows users to own a custom .ada blockchain domain as a native NFT on Cardano. Earlier, Cardano Hydra Head protocol introduced a new upgrade that improves its performance, earlier in July 2023.
Also Read: Pro-XRP Lawyer’s Twitter Account Hacked; Beware Of Fake Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Michael Saylor’s “Green Dots” Message Hints At Fresh Bitcoin Buying As BTC Faces $90K Wall
- Fed’s Hammack Signals No Rush to Cut Rates as January Hold Odds Near 80%
- XRP ETFs Reach $1.21B as Asset Managers See a ‘Third Path’ Beyond Bitcoin
- Nearly $50M in USDT Stolen After Address Poisoning Scam Targets Crypto Trader Wallet
- Breaking: Rep. Max Miller Unveils Crypto Tax Bill, Includes De Minimis Rules for Stablecoins
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
- Bitcoin Price Alarming Pattern Points to a Dip to $80k as $2.7b Options Expires Today
- Dogecoin Price Prediction Points to $0.20 Rebound as Coinbase Launches Regulated DOGE Futures
- Pi Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike
- Cardano Price Outlook: Will the NIGHT Token Demand Surge Trigger a Rebound?
