Cardano needs a stable coin that can be directly converted into fiat

 Introducing USDM: the first Cardano native fiat-backed stablecoin. 
The Mehen team is actively building  a token that will be backed 1:1 with $1 of high-quality, liquid assets.

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Mehen Finance

<div>
The introduction of Cardano Stablecoin USDM marks a significant milestone in the Cardano DeFi ecosystem, aiming to establish new benchmarks in price stability and reliability. Concurrently, the Dogecoin market has experienced a surge in transactions, suggesting positive future price trends for Dogecoin.
In the midst of these developments, <a href="https://blockdag.network/" target="_blank">BlockDAG Network</a> stands out as a beacon of potential in the popular cryptocurrencies for 2024, captivating investors with the success of its fourth batch presale and the enticing prospect of a 5000x return on investment. These three cryptocurrencies represent the dynamic changes and opportunities emerging in the digital currency landscape, each playing a crucial role in shaping the future of crypto investments.
<h2>Cardano Welcomes USDM: A New Era for Stability</h2>
Cardano’s DeFi sector has taken a significant step forward with the introduction of USDM, its inaugural venture into the realm of fiat-backed stablecoins. Developed by Mehen Finance, this Cardano Stablecoin aims to provide unmatched price stability compared to other native Cardano offerings, setting a new standard for reliability in the ecosystem.
<a href="https://blockdag.network/" target="_blank"><img src="https://coinfomania.b-cdn.net/wp-content/uploads/blockdag-grab-roi-300x38.jpg" alt srcset="https://coinfomania.b-cdn.net/wp-content/uploads/blockdag-grab-roi-300x38.jpg 300w, https://coinfomania.b-cdn.net/wp-content/uploads/blockdag-grab-roi.jpg 512w" /></a>
The launch of this Cardano Stablecoin heralds a promising era for Cardano, bolstering its competitive position in the bustling DeFi market. USDM’s backing by real-world dollar reserves provides a strong foundation of trust and security within the Cardano network, potentially attracting users to its decentralized applications. The commitment to transparency and the innovative feature of non-freezable assets further enhance USDM’s status as a key Cardano Stablecoin.
<h2>Dogecoin’s Whale Wave and Market Moves</h2>
The Dogecoin landscape has been electrifying, with a notable increase in high-value transactions highlighting the coin’s growing popularity. A 600% surge in transactions exceeding one million dollars has directly contributed to a 15% rise in its price.
<img src="https://coinfomania.b-cdn.net/wp-content/uploads/data-code-300x200.jpeg" alt srcset="https://coinfomania.b-cdn.net/wp-content/uploads/data-code-300x200.jpeg 300w, https://coinfomania.b-cdn.net/wp-content/uploads/data-code-768x512.jpeg 768w, https://coinfomania.b-cdn.net/wp-content/uploads/data-code.jpeg 1000w" />
Amid these events, speculation abounds with a massive transfer of 118.4 million Dogecoin to Robinhood, sparking interest and discussions within the community. This activity, combined with positive developments from Elon Musk’s X Payments, offers a fascinating glimpse into Dogecoin’s potential trajectory and supports a cautiously optimistic price prediction for the coin.
<h2>Unlock the Future with BlockDAG: The Crypto Revolution Awaits</h2>
BlockDAG is rapidly advancing through its fourth batch, with impressive sales underscoring its success. The presale has already raised nearly $8 million and continues to attract attention, positioning BlockDAG as a top contender in the 2024 presale market. Experts believe it could be the next big breakthrough in crypto, with forecasts of up to 5000x returns, highlighting its immense potential for investors.
The excitement surrounding BlockDAG is backed by significant interest and investment. Rumors of a major tech CEO’s involvement have only increased enthusiasm, leading to a surge in presale purchases. This demonstrates strong market confidence in BlockDAG’s potential, making it a hot topic for those looking to invest in a promising future. Its unique ability to deliver a 5000x return in 2024 is drawing widespread attention.
BlockDAG isn’t just about quick profits; it offers diverse income streams, making it a smart choice for many investors. From the Coin Investment Strategy, which promises significant value increases, to Mobile Mining Convenience, which lets users earn BDAG Coins daily, there’s something for everyone. The Dedicated Miner Units and Trade Miners make the investment more appealing by ensuring it is versatile and reduces investment risks.
<img src="https://coinfomania.b-cdn.net/wp-content/uploads/BlockDAG-investors-300x200.jpg" alt srcset="https://coinfomania.b-cdn.net/wp-content/uploads/BlockDAG-investors-300x200.jpg 300w, https://coinfomania.b-cdn.net/wp-content/uploads/BlockDAG-investors-768x512.jpg 768w, https://coinfomania.b-cdn.net/wp-content/uploads/BlockDAG-investors.jpg 1000w" />
BlockDAG distinguishes itself through its easy investment strategy. Its diverse revenue streams provide stability and growth potential, appealing to those interested in entering the crypto market. The platform’s innovative features and the prospect of significant returns, particularly with rumors of a giant tech figure’s involvement, position it as a compelling option. BlockDAG stands ready to transform the crypto landscape in 2024, marking the present as the opportune moment to engage.
<h2>To Conclude</h2>
The debut of the Cardano Stablecoin, Dogecoin’s vibrant market activity, and BlockDAG’s presale success spotlight significant movements within the crypto world. As popular cryptos for 2024 emerge, BlockDAG’s batch 4 presale, with its potential for a 5000x profit, positions it as a compelling investment avenue, promising an exciting future in the digital currency space.
<a href="https://blockdag.network/" target="_blank"><img src="https://coinfomania.b-cdn.net/wp-content/uploads/blockdag-grab-roi-300x38.jpg" alt srcset="https://coinfomania.b-cdn.net/wp-content/uploads/blockdag-grab-roi-300x38.jpg 300w, https://coinfomania.b-cdn.net/wp-content/uploads/blockdag-grab-roi.jpg 512w" /></a>
Join BlockDAG Now!
Website: <a href="https://blockdag.network/" target="_blank">https://blockdag.network</a>
Presale: <a href="https://purchase.blockdag.network/" target="_blank">https://purchase.blockdag.network</a>
Telegram: <a href="https://t.me/blockDAGnetworkOfficial" target="_blank">https://t.me/blockDAGnetworkOfficial</a>
Discord: <a href="https://discord.gg/Q7BxghMVyu" target="_blank">https://discord.gg/Q7BxghMVyu</a> 
Disclaimer: This is Sponsored Content. <a target="_blank" href="https://coinfomania.com/">Coinfomania</a> does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their research before taking any actions related to the company stated in the release.
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</div>

Coinfomania

BlockDAG Presale Hits Nearly $8M, Shining Amid ADA and DOGE Rise

<div>
Cardano Stablecoin USDM’s intro heralds a transformative moment for Cardano’s DeFi ecosystem, promising to set new standards in price stability and reliability. Following this, the Dogecoin market has witnessed a whirlwind of activity, with a transaction rise hinting at optimistic Dogecoin price predictions. 
Amidst these developments, <a href="http://blockdag.network/" target="_blank">BlockDAG</a> emerges as a light of potential in the list of popular cryptos for 2024, captivating investors with its fourth batch presale’s success and the tantalising possibility of a 5000x ROI. This trio of cryptocurrencies embodies the dynamic shifts and opportunities brewing within the digital currency landscape, each playing a pivotal role in shaping the future of crypto investments.
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://lh7-us.googleusercontent.com/g2r6s1yXrEly72wHCByAD7y3_DUn5gRw9qhVyxqmRASnCidpGlWJVgiUkgDQKjwDCctPp_gFUniaGTCmFWTrYXEQn1tinvsKWh3-vUa1I4f0-Qvrvt8B5tcllcWLxHBbSvo7HV_z0l6iAhsq-puS-9U3ysFo91sG" alt /></a></figure>
<h2><a href="https://blockdag.network/" target="_blank"></a>Cardano Welcomes USDM: A New Era for Stability</h2>
Cardano’s DeFi scene advanced with the launch of USDM, its first move in the fiat-backed stablecoins world. This Cardano Stablecoin, brought to life by Mehen Finance, aims to bring unparalleled price stability compared to other Cardano-native offerings, setting a new benchmark for reliability in the ecosystem.
The launch of this Cardano Stablecoin ushers in a promising chapter for Cardano, enhancing its competitive edge in the bustling DeFi sector. USDM’s foundation on real-world dollar reserves offers a solid bedrock for trust and security within the Cardano network, potentially drawing the audience to its decentralised applications. The meticulous approach to transparency and the innovative feature of non-freezable assets further solidify USDM’s standing as a pivotal Cardano Stablecoin.
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://lh7-us.googleusercontent.com/DbP2MWQnoaTCEc_6W-h2Zj9_Afb8C0DVDZPMWOXgGuS7IH-006mu8CRVEvwU3VudiVvTPtMqlhion6UE5ln0HiKgCKfbcBKGq5EE0g6_Roqtx5-h_zIk-_fDWzykc3aJYJTykzdPJ1EIudmtKr-vTSTSjnbqlcTr" alt /></a></figure>
<h2><a href="https://blockdag.network/" target="_blank"></a>Dogecoin’s Whale Wave and Market Moves</h2>
Dogecoin’s landscape has been electric, with a significant uptick in high-value transactions spotlighting the coin’s escalating appeal. The rise in high-value trades involving Dogecoin, characterised by a 600% surge in transactions over a million dollars, has directly contributed to a 15% increase in its price. 
Amidst these developments, speculation swirls with a massive transfer of 118.4 million Dogecoin to Robinhood, igniting curiosity and chatter among the community. This activity, coupled with positive strides from Elon Musk’s X Payments, paints an intriguing picture of Dogecoin’s trajectory and supports a cautiously optimistic Dogecoin price prediction.
<figure><img src="https://lh7-us.googleusercontent.com/YWz4mf-BqGq9xybDRe5oNZMjpNY37px8AILbrNuQapltH-ERChT8I36GdlEqejeUxpFT3vzsBZPfgnbx-zRDYojfD6R1mbPlBSEMsK1ixKBOCvwluyQeo3R9GdgU2oPj3fdkwf_NNKXpGRsyG8YnovkpTKEhjlFr" alt /></figure>
<h2>Unlock the Future with BlockDAG: The Crypto Revolution Awaits</h2>
BlockDAG is swiftly moving through its fourth batch, showing impressive sales highlighting its success. There’s been a rush of over $7.8 million raised and counting since its presale kicked off. This buzz has placed BlockDAG in the spotlight as a top pick among 2024’s presale markets. Experts believe it could be the next big thing in crypto, with predictions of returns up to 5000x, showcasing its enormous potential for investors.
The buzz around BlockDAG is not just talk; it’s backed by significant interest and investment. A major tech CEO rumoured to be involved has only fueled excitement, leading to a spike in presale purchases. This shows strong market confidence in BlockDAG’s potential, making it a hot topic for those looking to invest in a promising future. Its unique ability to deliver a 5000x return in 2024 is attracting attention far and wide.
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://lh7-us.googleusercontent.com/DryvN5XhR_3Oof8sly1A-VMvYp1l7nPYPbS8eDkyl5KwBqsEMMfOPP1QQjpf-DXtFW0YivFvJ4TL570kYWBzC04nVUdgnFcV9wIB6XSJbQgfsGNhDoe7c5X2Buko3QmMzZFQwBHrv8jdSK4MjsqyQzzFnRhjbowt" alt /></a></figure>
<a href="https://blockdag.network/" target="_blank"></a>BlockDAG isn’t just about quick profits; it offers diverse income streams, making it a smart choice for many investors. From the Coin Investment Strategy, which promises significant value increases, to Mobile Mining Convenience, which lets users earn BDAG Coins daily, there’s something for everyone. The Dedicated Miner Units and Trade Miners make the investment more appealing by ensuring it is versatile and reduces investment risks.
BlockDAG distinguishes itself through its easy investment strategy. Its diverse revenue streams provide stability and growth potential, appealing to those interested in entering the crypto market. The platform’s innovative features and the prospect of significant returns, particularly with rumours of a giant tech figure’s involvement, position it as a compelling option. BlockDAG stands ready to transform the crypto landscape in 2024, marking the present as the opportune moment to engage.
<h2>To Conclude</h2>
The debut of the Cardano Stablecoin, Dogecoin’s vibrant market activity, and BlockDAG’s presale success spotlight significant movements within the crypto world. As popular cryptos for 2024 emerge, BlockDAG’s batch 4 presale, with its potential for a 5000x profit, positions it as a compelling investment avenue, promising an exciting future in the digital currency space.
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://lh7-us.googleusercontent.com/u6bbGUaTT5o6Y5bc34b3LTP2WXlN03mYpqHNIH0sJet2sJuYJ_BrnbRwUqp2UP7X1Gk9qiORFsJZePAJeRXzr0nf96iiItP7FE7GwHTVzDVhUsex6FlR0IHPGosS9ZrnDaOnJgc6jmLvPioKcANtbO01jC7VvzA0" alt /></a></figure>
<a href="https://blockdag.network/" target="_blank"></a>Join BlockDAG Now!
Website: <a href="https://blockdag.network/" target="_blank">https://blockdag.network</a>
Presale: <a href="https://purchase.blockdag.network/" target="_blank">https://purchase.blockdag.network</a>
Telegram: <a href="https://t.me/blockDAGnetworkOfficial" target="_blank">https://t.me/blockDAGnetworkOfficial</a>
Discord: <a href="https://discord.gg/Q7BxghMVyu" target="_blank">https://discord.gg/Q7BxghMVyu</a> 
															</div>

Blockchain Reporter

BlockDAG Rise over Cardano Stablecoin Launch, Dogecoin Surge

<div>
The crypto industry is showing a minor correction phase after exceptional price breakouts in 2024, with many altcoins making new all-time highs. With major events approaching in the crypto space, investors look forward to investing in projects under $1 with solid fundamentals and tokenomics.
Low-cost cryptos provide a unique opportunity for investors to explore affordable coins or cryptos with a large circulating supply and a higher potential for breakouts. Coins like ADA, XRP, and ALGT are emerging on the scene as the best cryptos poised for massive returns in 2024.
<h2>Cardano Price Dumps After Minor Increase and Launch of its First Fiat-Backed Stablecoin</h2>
Cardano (ADA) is regarded as a leading project in the cryptocurrency sector. Despite a prolonged stagnation period, the Cardano network is seen catching up with its legacy through on-chain developments and Layer-2 initiatives. 
Cardano <a href="https://cointelegraph.com/news/cardano-blockchain-launch-fiat-backed-stablecoin-usdm" target="_blank">launched</a> its first fully fiat-backed stablecoin on March 17, following the launch of the Mehen Finance-founded USDM. Moreover, despite speculation and rumors, Cardano continues its Hyrda L2 project. On March 18, Charles Hoskinson tweeted that the project is still operational, countering claims of its abandonment.
<figure><div>
<blockquote>I'm seeing some videos claiming that Hydra has been abandoned. It is just pure FUD. The team has never been more productive and motivated, there is great community engagement and new papers on the way for enhancements to the protocol. If you are ever curious about the project go…— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1769056625480847506?ref_src=twsrc%5Etfw" target="_blank">March 16, 2024</a></blockquote>
</div></figure>
ADA has experienced a monthly surge of 1.1%, trading at $0.63. The project is once again gaining investor interest due to its positive outlook. While ADA’s long-term prospects are still uncertain, it can be a good investment if it continues its developments and innovations in the DeFi sector.
<h2>Analysts Indicate Bullish Signals For XRP After Listing on Atlantis Exchange</h2>
Ripple (XRP) aims to revolutionize cross-border payments, offering faster transaction speeds. Ripple stands its ground and is poised for significant gains in 2024. 
With many developments taking place in the Ripple ecosystem, Its native token, XRP has <a href="https://cryptonews.net/news/market/28727604/" target="_blank">commenced</a> trading on Atlantis Exchange securing a significant milestone. Furthermore, the XRP Gold Coast conference, which will take place from March 22 to 24, promises to be a vital event for the Ripple community and experts, delivering insights into the future of XRP. 
Among several coins making waves in the crypto landscape, Ripple’s XRP has piqued the interest of investors and traders. Captain Faibik recently identified a potential bullish signal for XRP surging 150% from the current price point to $2.50.
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<h2>AlgoTech (ALGT) is Positioned To Give 300% Gains After $2.4M Raised in Presale</h2>
<a href="https://algotech.trade/?utm_source=blockchainmedia&amp;utm_medium=pr&amp;utm_campaign=2003" target="_blank">Algotech (ALGT)</a> is an algorithmic trading platform that combines advanced algorithms and machine learning technology. The platform aims to provide traders with intelligent strategies for navigating financial markets through innovative technologies and automation. Key features include breakout detection, hedging, and mean reversion. 
The project has recently been in the spotlight for its successful public presale, which raised over $2.4 million in two weeks. Algotech has sold over 60 million ALGT tokens, reaching 6,000 unique holders. Community members will have governance rights, which will allow them to vote on key proposals. 
With the best presale performance in 2024, investors are jumping at the opportunity to invest $0.06 before the price goes up to $0.08 in the next stage. Analysts predict its value will reach an all-time high of $1 before it gets listed on more exchanges, indicating a significant rise of 300% in the earnings of early investors.
Learn more:
<a href="https://algotech.trade/?utm_source=blockchainmedia&amp;utm_medium=pr&amp;utm_campaign=2003" target="_blank">Visit Algotech Presale</a>
<a href="https://linktr.ee/algotech.trade" target="_blank">Join The Algotech Community</a>
															</div>

Cardano (ADA) vs. XRP vs. Algotech (ALGT): Finding the Best Crypto Under $1

<div>
<ul>
<li>Cardano (ADA) maintains its position as the leading blockchain protocol in terms of development activity, with a notable surge in GitHub commits compared to Ethereum.</li>
<li>Analyst Ali Martinez predicts an ADA consolidation phase followed by a breakout, potentially driving ADA’s price to $5 by the end of 2024.</li>
</ul>
<hr />
Cardano (ADA), a proof-of-stake (PoS) layer-1 (L1) blockchain protocol, has maintained its leading position in terms of development activity, surpassing Ethereum (ETH) and other top layer-1 blockchain networks. According to data from crypto analytics platform IntoTheBlock (ITB), Cardano’s GitHub Commits totaled 978,780 between March 11 and 17, significantly higher than Ethereum’s 407,170 during the same period.
<blockquote>
Cardano is leading in developer activity amongst top L1s, consistently delivering the highest number of weekly commits. <a target="_blank" href="https://t.co/gtYUIyeqRy">pic.twitter.com/gtYUIyeqRy</a>
— IntoTheBlock (@intotheblock) <a target="_blank" href="https://twitter.com/intotheblock/status/1769765411963146564?ref_src=twsrc%5Etfw">March 18, 2024</a></blockquote>
Other prominent L1 protocols like Avalanche (AVAX), Litecoin (LTC), and Tron (TRX) also received notable developer commits but trailed behind Cardano, with commit counts ranging from 315,770 to 79,380. Market experts suggest that developer activity reflects the protocol’s potential, indicating the likelihood of new decentralized applications (dApps) being launched and updates to existing ones, thereby strengthening the resilience of the protocols.
Cardano continues to make new developments to help grow its ecosystem much faster. As <a href="https://www.crypto-news-flash.com/cardano-adds-fiat-backed-stablecoin-usdm-allows-dollar-minting-and-redemption/" target="_blank">reported by Crypto News Flash</a>, Cardano recently introduced its inaugural fiat-backed stablecoin, USDM, created by Mehen Finance. While USDM shares similarities with other fiat-backed stablecoin initiatives, it incorporates a crucial mechanism to prevent over-issuance.
Charli3, a decentralized oracle tailored for the Cardano network, monitors the USDM reserve with Charli3 oracle data seamlessly integrated into the token’s smart contract. This integration facilitates transparent, real-time transfers, as highlighted by Plomin.
Additionally, Cardano founder Charles Hoskinson hinted to an upcoming integration with Firefly, <a href="https://www.crypto-news-flash.com/cardano-network-poised-for-major-leap-ada-founder-hints-at-exciting-development/" target="_blank">reported Crypto News Flash</a>. FireFly, created by Hyperledger Labs, provides a multi-party framework for enterprise data streams. It also streamlines the creation of decentralized blockchain applications and bridges the divide between fundamental blockchain functions and sophisticated business processes.
<h3>Cardano Price Gearing for Rally to $5</h3>
Cardano’s price has experienced a 9% decline over the past 24 hours amid a broader market downturn. The ADA price struggled to surpass the $0.8 mark earlier this month and renewed concerns within the project’s community.
Despite these setbacks, analyst Ali Martinez highlights a historical trend from 2018 to 2021, indicating that Cardano’s current price trajectory mirrors a consolidation phase before a significant breakout observed during the previous market cycle. During that period, ADA traded between $0.025 and $0.1 before surging to an all-time high of $3.10 in late 2020.
Martinez predicts that Cardano will likely continue consolidating between $0.55 and $0.8 in the near term, followed by a substantial breakout pushing its value to around $1.7. After reaching this milestone, another consolidation phase is likely before a more bullish breakout, potentially driving ADA’s price to $5 by the end of 2024.
<blockquote>
So far, <a target="_blank" href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> resembles the pattern observed from 2018 to 2021. 
Should this fractal continue, anticipate <a target="_blank" href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> to consolidate in the $0.55 to $0.80 range in the coming weeks, followed by a surge to $1.70. After this upswing, expect a period of further consolidation, setting… <a target="_blank" href="https://t.co/46LIp2hkMx">pic.twitter.com/46LIp2hkMx</a>
— Ali (@ali_charts) <a target="_blank" href="https://twitter.com/ali_charts/status/1769096425407721629?ref_src=twsrc%5Etfw">March 16, 2024</a></blockquote>
Furthermore, CoinGlass <a href="https://www.coinglass.com/currencies/ADA" target="_blank">data</a> reveals a remarkable 83% surge in derivatives trading volume for Cardano (ADA), soaring to $1.61 billion. This clearly reflects the heightened interest in the token among cryptocurrency traders.
However, amidst this increased trading activity, ADA holders faced challenges as over $4.79 million worth of open positions in ADA were liquidated within the past 24 hours. Surprisingly, the majority of these liquidations, totaling $4.55 million, were long positions, suggesting a surge in buying activity, while short positions accounted for only $244,490.
<hr /><h6>Recommended for you:</h6>
	</div>This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

Mehen Finance ($)

A Financial Services Company Developing Fiat-Backed $USDM Stablecoin For The #Cardano Blockchain.

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