Schlagwort: blockchain markets

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Cardano Foundation: We’ve had an incredible year of growth

Cardano’s native coin ADA rallied over 1000% in 2021, from $0.30 to peak at $3.09 and despite a recent sell-off, remains over 750% up over the past year.

Cardano Foundation CEO Frederik Gregaard says that 2021 has been a great year for the Cardano protocol, with “sustained growth, technical innovation, community expansion, and [major] partnerships,” the key highlights.

The Cardano Foundation chief said this as he highlighted some of the on-chain achievements reached over the year in a blog report published on 22 December.

According to Gregaard, growth meant increased adoption for Cardano (ADA), especially after the blockchain reached new milestones- the addition of native tokens and the launch of smart contract capability. There were also key developments towards enabling decentralized finance (DeFi) and decentralized exchanges (DEXs) on the blockchain, he added.

As of 20 December 2021, the Cardano network had seen over 2.5 million native assets minted since 1 March when the multi-asset ledger feature was added. Of the 2.5 million native assets minted so far, 2 million have been Non-Fungible Tokens (NFTs). 

There have been 2.58 million new wallets created and over 23.8 million on-chain transactions.

A summary of on-chain growth milestones for Cardano in 2021. Source: Cardano Foundation

Gregaard notes the Cardano ecosystem is open to more on-chain adoption and utility thanks to the successful launch of Alonzo Hard Fork in September. He says this “brought programmability to Cardano,” which made it possible for developers to build and deploy decentralised applications (dApps) on the blockchain. 

Cardano also now supports decentralised finance (DeFi), one of the major crypto developments to explode in the past year.

Cardano partnerships in 2021

Cardano also had a breakout year in terms of the many partnerships it struck, with these collaborations and deals aimed at “creating value and utility within the Cardano ecosystem.”

Some of the key partnerships include e-sports platform Rival, fintech UBX, and non-profit Save the Children targeting use of ADA for humanitarian projects in East Africa. Scantrust and Baia’s Wine, which are using the Cardano blockchain for supply chain traceability applications, were the other key deals announced in the year.

Cardano market outlook 2021

Cardano’s native token ADA is trading around $1.35 to the dollar as of writing, about 2% up on the day as per data on CoinGecko.  The coin’s value is over 750% up in the past year after rallying from lows of $0.30 at the beginning of 2021.

However, last week’s sell-off means ADA losses over the past month stand at -25%, while declines since hitting an all-time high of $3.09 in early September are at around 56%.

The coin’s value could yet dump as analysts see a fresh collapse for the markets in early January, although crypto analyst Michael van de Poppe says Cardano is one of those looking great for a bounce.

The post Cardano Foundation: We’ve had an incredible year of growth appeared first on Coin Journal.

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Market highlights December 23: Cryptos mixed, Solana dips, Tesla stock rises 7.50%

The top 10 cryptos were mixed over the past 24 hours. All three major US stock indices rose yesterday as investors took heart from emerging data on the severity of the Omicron variant. Electric carmaker Tesla led stocks higher, rising 7.49%. The stock popped as chief executive Elon Musk said he had sold ‘enough’ this year.

Top cryptos

XRP and Cardano led the way today, gaining more than 3%. Over the past week, XRP has rebounded, gaining more than 20% after dropping below 0.80 cents. On the other side, Ethereum dipped 2.5%, and Bitcoin dropped almost 2%, trading at $48,300 at time of writing. Solana lost the most in the top 5: over 3% today. The biggest top 10 loser, Terra’s LUNA, plummeted by over 11%. 

Top movers

The live NEAR Protocol price today is $12.42 with a 24-hour trading volume of $1.7 billion. NEAR Protocol has gained 33% in the last 24 hours. Fantom is up almost 15% in that time. Other top movers include AAVE, up 15%, and 1inchNetwork with gains of 10%. Livepeer broke the top 100, having gained almost 16% in the last 24 h. It’s at #99 by market cap.   

Trending

Luxurious VR gaming environment Mello provides the opportunity to play a myriad of fully immersive games from the comfort of one’s own home. This bold vision includes the integration of the Mello Token, which is up more than 500% today.

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You can now buy Creditcoin, it’s up 24% today: here’s where

Creditcoin was created to address issues unbanked and underbanked individuals commonly face. Its value is rising dramatically as awareness of these issues increases. Another reason is that their testnet will go live soon. This short article explains what Creditcoin is, is it worth investing in, and the top places to buy Creditcoin today.  

Top places to buy Creditcoin now

What is Creditcoin?

Launched on April 4, 2019 by a team based in the US, Canada, South Korea, Nigeria, and Estonia, Creditcoin aims to address the lack of credit system among the unbanked in the emerging market. People who cannot access the banking system have to borrow from non-banks. However, credit records with non-banks are not accepted by the banks since they cannot trust the data. The project aims to solve the problem by recording credit transaction history objectively on a public blockchain.

Should I buy Creditcoin today?

Creditcoin is doing very well now, but it can reverse gains just as easily. Never invest more in volatile cryptocurrencies than you can afford to lose.

Creditcoin price prediction

Digital Coin Price, a traditional bull, predicts the price of Creditcoin will increase to almost $5 in one year. By the end of 2023, it will have reached $5.60. In another year, its price will have gone up to $6.11. It will trade for $5.56 at the end of 2025, $7 at the end of 2026, and $11.72 at the end of 2028.  

Creditcoin on social media

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