Is Cardano Price Warming Up For A Moonish Launch by 10X This Alt-Season?
The crypto world has been longing to witness a major thrust to the burdening pace of digital assets in the market. Numerous digital coins have been crawling along with a narrow range, while the assets remain chained by the bears. Wherefore, enthusiasts in the industry are fervently tarrying for bulls to barge in and help the digital assets vanquish the bears.
Successively, digital assets such as Cardano and XRP have been engulfed in the cordon of bears. Enthusiasts from the community have been looking for digital assets to break through the barriers. However, the condition with Cardano seems to be improving as the network hits a new milestone. In contrast, the network’s used cases emerge from the shadows.
Is Cardano Emerging From Its Shadows?
Cardano network hits a new milestone of 20 million transactions, without a single outage in the network’s four-year history. Numerous De-Fi protocols are in the works such as Aada, MELD, Liqwid, Adalend amongst others. According to some reports, MELD has received $1 Billion worth of ADA in IPSO staking.
Meanwhile, Cardano-based DEX Sundaeswap announces its testnet launch that is scheduled on the 5th of December 2021. The testnet will enable developers to debug errors if any and would give a wider perspective over the platform’s operations.
The Cardano network will also be hosting Fracada, an open-source dApp that locks an NFT and mints a number of tokens representing fractions of it. Sources suggest that there are over 2 million native tokens on the Cardano blockchain. The count has nearly doubled since October.
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