Cardano 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