Cardano (ADA) Latest News
Cardano's native cryptocurrency, ADA, has been making headlines recently due to various developments in its ecosystem. Here are some of the latest news and updates:
Market Performance
- Current Price:-} ADA's current price is around $0.6271, with a 24-hour trading volume of $340,358,214.82.
- Market Capitalization:-} Cardano's market capitalization stands at approximately $22,628,650,844, ranking it #11 on CoinGecko ¹.
- Proposal to Convert Treasury into Stablecoins:-} Charles Hoskinson's proposal to convert $100 million from Cardano's treasury into stablecoins has sparked debate among the community, leading to a decline in ADA's price.
- Whale Activity:-} Whales have acquired 310 million ADA amid a potential triangle breakout, indicating growing interest in the cryptocurrency.
- *Bitcoin DeFi Protocol*: The launch of the first Bitcoin DeFi protocol on Cardano has contributed to ADA's bullish outlook, despite dwindling DeFi TVL volume ².
- Voltaire Era:-} Cardano's next stage, the Voltaire era, will make the network a self-sustaining system with its own voting and treasury system, allowing network participants to influence development and propose improvements .
