Decentralized Exchanges or DEX perform the same function as their centralized counterparts.

However, with DEX, users only interact with self-enforcing smart contracts to carry out secure and non-custodial transactions without the need of centralized third parties.

This document introduces and describes DOEX – a Cardano Blockchain-based decentralized exchange that uses Automatic Market Making protocols to execute transactions. DOEX striking features include multiple pricing functions for a single liquidity pool, trade routing, instant price feed via on-chain price oracle, and automatic babel fees redemption for Stake Pool Operations (SPOs) that are Cardano Blockchain-based.

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DOEX

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<li>Cardano’s co-creator stated that the real reason behind the heat on the crypto industry was the failure of FTX.</li>
<li>Kraken’s co-founder stated that regulators intentionally ignore bad actors like FTX because it serves their larger agenda.</li>
</ul>
Cardano co-creator Charles Hoskinson has expressed his thoughts on recent regulatory actions against the crypto industry. The occasion for Hoskinson’s remarks was the introduction of the Digital Property Protection and Law Enforcement Act, a Senate bill in Illinois that has already been dubbed the most unworkable state law.
When asked what prompted increased regulation of the cryptocurrency industry, Cardano’s co-creator stated unequivocally that it was the failure of FTX. He tweeted,
<blockquote>“The minute it happened, I knew the entire industry was in for a seriously hard time.”</blockquote>
<blockquote>
The FTX collapse. The minute it happened, I knew the entire industry was in for a seriously hard time
— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1627518899356073984?ref_src=twsrc%5Etfw" target="_blank">February 20, 2023</a></blockquote>
<h3>Hoskinson agrees with Kraken co-founder about bad crypto actors</h3>
Moreover, Hoskinson agreed with Kraken co-founder and former CEO Jesse Powell, who stated that regulators intentionally ignore bad actors like FTX because it serves their larger agenda. Kraken was recently ordered to pay a $30 million fine in order to settle charges brought against it by the U.S. Securities and Exchange Commission (SEC).
<blockquote>
Honestly, it's starting to feel like this is accurate. Fair notice was given for many of the firms that exploded months or sometimes years prior to the events. <a href="https://t.co/pPrDoEXLIw" target="_blank">https://t.co/pPrDoEXLIw</a>
— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1627474096480215040?ref_src=twsrc%5Etfw" target="_blank">February 20, 2023</a></blockquote>
Powell emphasized the sequence of events that resulted in extensive capital destruction in the crypto industry. This leads to a trust deficit among the investors and discourages adoption. Regulators eventually get air cover to attack entities that many crypto veterans consider to be the good guys.
Hoskinson suggested that Powell’s assessment was becoming more credible, as fair warning was given for most companies that imploded months before the events. Several observers reminded Hoskinson for finally waking up to his skepticism about the conspiracy angle in the <a href="https://ambcrypto.com/?s=sec+vs+ripple" target="_blank">SEC versus Ripple</a> case.
Blockchain lawyer Andrew Hinkes also expressed his displeasure with the development. He stated on Twitter that the Illinois Senate bill would have a negative impact on the country’s blockchain progress. He went on to say that the bill failed to protect validators, miners, and node operators.
<blockquote>
<a href="https://twitter.com/hashtag/Illinois?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#Illinois</a> Senate Bill SB1887 would drive out <a href="https://twitter.com/hashtag/blockchain?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#blockchain</a> <a href="https://twitter.com/hashtag/node?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#node</a> operators, <a href="https://twitter.com/hashtag/miners?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#miners</a>, and <a href="https://twitter.com/hashtag/validators?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#validators</a>, waste judicial resources, and confuse existing law in a quixotic attempt to protect Illinois consumers. Let's examine the mess in a <a href="https://twitter.com/hashtag/thread?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#thread</a>:
— Drew Hinkes (@propelforward) <a href="https://twitter.com/propelforward/status/1627359077209702400?ref_src=twsrc%5Etfw" target="_blank">February 19, 2023</a></blockquote>
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																Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. 
Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. 
P.S - There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous.
Wait, are they Satoshi? :/
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AMBCrypto

The real reason behind the crypto heat, according to Cardano's co-founder

<h2 id="b671" class="iv iw hf cg ix iy iz ja jb jc jd je jf jg jh ji jj jk jl jm jn jo jp jq jr js fs" data-selectable-paragraph=""><img src="/site/uploads/2022/Feb/14/1_tgCbFHhqMob2Mkkx3nIGfw (1).png" alt=""> </h2><h3>Bitcoin broke through the 3 month old downtrend</h3><h3>Onchain data still backs up a bullish narrative </h3><h3>Market sentiment is now mixed. Although price action is pointing to an uptrend, CPI results and geopolitical tension warrants caution</h3><h1 id="bd5a" class="jt iw hf cg ix ju jv jw jb jx jy jz jf ka kb kc jj kd ke kf jn kg kh ki jr kj fs" data-selectable-paragraph="">Price Action</h1>January was brutal for BTC, as the price plummeted from&nbsp;$48k&nbsp;to $33k. This marks the third worst January in Bitcoins history, with a ROI of&nbsp;-16.7%<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*PDDAB6ZDKtV0LoUG8zGiVw.png" width="700" height="384" role="presentation">Source:&nbsp;<a class="au lo" href="https://www.bitcoinmonthlyreturn.com/" rel="noopener ugc nofollow" target="_blank">BitcoinMonthlyReturn</a></figure>Not all is bad news though. After the low on the 25th, $BTC bounced and has been on a steady uptrend ever since, putting in higher highs and higher lows on the shorter time frames. It also broke a descending trendline that was acting as resistance since the previous ATH, back in November.<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*ecFqt_vJ-xhACDaX7EbDOg.png" width="700" height="401" role="presentation">Source:&nbsp;<a class="au lo" href="https://www.tradingview.com/" rel="noopener ugc nofollow" target="_blank">TradingView</a></figure>On the longer timeframes, we can see that it is still trading below the bullmarket support band (which encompasses the area between the 20 week simple moving average and the 21 week exponential moving average). The bulls cannot claim victory until we are above this indicator.<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*uLgPWvsBxgevPuRQgVs3Kw.png" width="700" height="399" role="presentation">Source:&nbsp;<a class="au lo" href="https://www.tradingview.com/" rel="noopener ugc nofollow" target="_blank">TradingView</a></figure>Another way we can look at price movement is through the Heikin Ashi candles. These candles don’t just take into account arbitrary open and close prices, but factor in the average price for that week.<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*D0L3jAAzaG9QH8YkyBDQNA.png" width="700" height="361" role="presentation">Heikin Ashi candle formula</figure>This outputs a much better outlook on trends. It is especially useful on longer time frames. Looking at the BTC weekly chart, we can see that a trend was broke last week, giving us the first green candle in 12 weeks. This doesn’t mean that price can’t drop any further, but it is a reversal signal that we should take into account<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*GFiYh3m8gjjwKJpXQKFPlQ.png" width="700" height="415" role="presentation">Source:&nbsp;<a class="au lo" href="https://www.tradingview.com/" rel="noopener ugc nofollow" target="_blank">TradingView</a></figure><h1 id="21d1" class="jt iw hf cg ix ju ly jw jb jx lz jz jf ka ma kc jj kd mb kf jn kg mc ki jr kj fs" data-selectable-paragraph="">Onchain Data</h1>The NUPL (Net Unrealized Profit/Loss) seems to have bounced and is now rising slowly again. Ideally, we don’t see it drop again, since entering the red area could mean a capitulation event and a prolonged bear market.<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*5vkj6uaBZgy2nv6X3lNu-w.png" width="700" height="386" role="presentation">Source:&nbsp;<a class="au lo" href="https://studio.glassnode.com/" rel="noopener ugc nofollow" target="_blank">glassnode</a></figure>Another interesting onchain metric we can look at is the percent balance on exchanges. That is, what percentage of the BTC circulating supply is currently on exchanges being traded, and not being stored in non custodial wallets. This metric is in a 3.5 year low at around&nbsp;13.25%.&nbsp;Less bitcoin on exchanges indicates a high demand for long term holding, and can also lead to a supply shock if retail interest picks up.<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*NK88ufGOthdaf1Xw-voBTw.png" width="700" height="387" role="presentation">Source:&nbsp;<a class="au lo" href="https://studio.glassnode.com/" rel="noopener ugc nofollow" target="_blank">glassnode</a></figure><h1 id="8ee8" class="jt iw hf cg ix ju ly jw jb jx lz jz jf ka ma kc jj kd mb kf jn kg mc ki jr kj fs" data-selectable-paragraph="">Market Sentiment</h1>With the recent uptrend, market sentiment seems to have picked up momentum as well. The Fear&amp;Greed Index is now above 40 after spending over a month below it<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*jzJjh3Sr9fAWLGPw3tyriQ.png" width="700" height="629" role="presentation">Source:&nbsp;<a class="au lo" href="https://alternative.me/crypto/fear-and-greed-index/" rel="noopener ugc nofollow" target="_blank">Fear&amp;Greed Index</a></figure>The search trends for “Bitcoin” are slowly going up as well, after hiting a bottom at 29 interest points, and is now at 36.<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*Cs2_v8Nc2kFGX3_hsJidxw.png" width="700" height="239" role="presentation">Source:&nbsp;<a class="au lo" href="https://trends.google.com/" rel="noopener ugc nofollow" target="_blank">Google trends</a></figure>Meanwhile, as tensions between the Ukraine and Russia increase, the FED released the US YoY inflation rate numbers, and panic ensued. Although the rational thought in the long term is to invest in deflationary assets to leverage Fiat inflation, the short-term threat of a recession is causing some uncertainty in the market.<a class="au lo" href="https://twitter.com/BarrySilbert" rel="noopener ugc nofollow" target="_blank">Barry Silbert</a>, Founder of the Digital Currency Group, believes Bitcoin is the winner that comes out of the geopolitical tension that has been felt recently<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*R6PuWQpumrTZfoYsOXSvog.png" width="700" height="488" role="presentation">source: Twitter</figure><a class="au lo" href="https://twitter.com/intocryptoverse" rel="noopener ugc nofollow" target="_blank">Benjamin Cohen</a>, owner of the ever so popular Youtube channel&nbsp;<a class="au lo" href="https://www.youtube.com/channel/UCRvqjQPSeaWn-uEx-w0XOIg" rel="noopener ugc nofollow" target="_blank">Into the cryptoverse</a>, is liking how the chart looks. He does believe that the reversal is not yet confirmed and that the real test comes after going above the bull market support band and comes back to test it.<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*-4p1zjh07YyKzGB4ez-Tzw.png" width="700" height="164" role="presentation">source: Twitter</figure><a class="au lo" href="https://twitter.com/saylor" rel="noopener ugc nofollow" target="_blank">Michael Saylor</a>, whose company, MicroStrategy, has been accumulating thousands of $BTC over the last year, seems unphased by the recent news, and keeps posting bullish sentiment thoughts<figure class="lg lh li lj fj ig ex ey paragraph-image"><img alt="" class="dq il im" src="https://miro.medium.com/max/1400/1*AW47f62RBqg0-XENM7hWPQ.png" width="700" height="574" role="presentation">source: Twitter</figure>There was a clear cut on the downtrend at the end of January, but it remains to be seen if this is a true shift on the market or just a bounce. The news hasn’t helped Bitcoin, and the momentum has recently shifted again. Bitcoin seems to be in limbo, deciding where to go. Regardless, seems that holding Bitcoin is still seen as the best hedge against inflation, in the long run<a class="au lo" href="https://twitter.com/doex_official" rel="noopener ugc nofollow" target="_blank">Twitter</a>&nbsp;|&nbsp;<a class="au lo" href="https://t.me/doexcommunity" rel="noopener ugc nofollow" target="_blank">Telegram</a>&nbsp;|&nbsp;<a class="au lo" href="https://discord.com/invite/M9MtfAFmUq" rel="noopener ugc nofollow" target="_blank">Discord</a>&nbsp;|&nbsp;<a class="au lo" href="https://www.reddit.com/r/doex/" rel="noopener ugc nofollow" target="_blank">Reddit</a>&nbsp;|&nbsp;<a class="au lo" rel="noopener" href="https://doex.medium.com/">Medium</a>

Cardano Feed

Crypto Market Update

<img src="/site/uploads/2022/Feb/05/1_OPKNTCC6yZVGrXTYMB0ktA (1).png" alt="">Cardano transactions and tokens work slightly differently from Ethereum and other Solidity-based chains. We have made a small guide to help the community move these assets around.<h1 id="8dc0" class="jx jy gl bc db jz ka ix kb kc kd jb ke kf kg kh ki kj kk kl km kn ko kp kq kr hi" data-selectable-paragraph="">Creating a wallet</h1>The first step to store a CNT is to create a wallet. In this example, we will use a gerowallet.Start by navigating to&nbsp;<a class="eb kx" href="https://gerowallet.io/" rel="noopener ugc nofollow" target="_blank">gerowallet</a>&nbsp;and downloading the extension wallet<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="x ir is" src="https://miro.medium.com/max/1400/1*9cuNKehlNxRqFRe3Z_19dA.jpeg" width="700" height="362" role="presentation"></figure>Install the extension<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="700" height="363" role="presentation" src="https://miro.medium.com/max/700/1*dcXQUQMLhbeY6fLbtzN8JQ.png" srcset="https://miro.medium.com/max/276/1*dcXQUQMLhbeY6fLbtzN8JQ.png 276w, https://miro.medium.com/max/552/1*dcXQUQMLhbeY6fLbtzN8JQ.png 552w, https://miro.medium.com/max/640/1*dcXQUQMLhbeY6fLbtzN8JQ.png 640w, https://miro.medium.com/max/700/1*dcXQUQMLhbeY6fLbtzN8JQ.png 700w" sizes="700px"> </figure>Now Open your Gero wallet extension<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="567" height="501" role="presentation" src="https://miro.medium.com/max/567/1*1Wb6F-bs2VCSCRZapPJ9BQ.png" srcset="https://miro.medium.com/max/276/1*1Wb6F-bs2VCSCRZapPJ9BQ.png 276w, https://miro.medium.com/max/552/1*1Wb6F-bs2VCSCRZapPJ9BQ.png 552w, https://miro.medium.com/max/567/1*1Wb6F-bs2VCSCRZapPJ9BQ.png 567w" sizes="567px"> </figure>It will prompt you to create or import a new Cardano wallet<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="700" height="362" role="presentation" src="https://miro.medium.com/max/700/1*y77vTGII9btHL8bHmcXCoA.png" srcset="https://miro.medium.com/max/276/1*y77vTGII9btHL8bHmcXCoA.png 276w, https://miro.medium.com/max/552/1*y77vTGII9btHL8bHmcXCoA.png 552w, https://miro.medium.com/max/640/1*y77vTGII9btHL8bHmcXCoA.png 640w, https://miro.medium.com/max/700/1*y77vTGII9btHL8bHmcXCoA.png 700w" sizes="700px"> </figure>It will then prompt you to choose a password<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="700" height="362" role="presentation" src="https://miro.medium.com/max/700/1*oxK7p1a4zyvsUIxfuK9xVA.png" srcset="https://miro.medium.com/max/276/1*oxK7p1a4zyvsUIxfuK9xVA.png 276w, https://miro.medium.com/max/552/1*oxK7p1a4zyvsUIxfuK9xVA.png 552w, https://miro.medium.com/max/640/1*oxK7p1a4zyvsUIxfuK9xVA.png 640w, https://miro.medium.com/max/700/1*oxK7p1a4zyvsUIxfuK9xVA.png 700w" sizes="700px"> </figure>Then, it will&nbsp;show you your seed phrase. Keep this one safe and NEVER share it with anyone<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="700" height="362" role="presentation" src="https://miro.medium.com/max/700/1*F4w9UmEGoEQHbLH6NW89AA.png" srcset="https://miro.medium.com/max/276/1*F4w9UmEGoEQHbLH6NW89AA.png 276w, https://miro.medium.com/max/552/1*F4w9UmEGoEQHbLH6NW89AA.png 552w, https://miro.medium.com/max/640/1*F4w9UmEGoEQHbLH6NW89AA.png 640w, https://miro.medium.com/max/700/1*F4w9UmEGoEQHbLH6NW89AA.png 700w" sizes="700px"> </figure>You will then get to choose the wallet name and cover<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="700" height="363" role="presentation" src="https://miro.medium.com/max/700/1*Ew6o1MZe5WQEV2I_SkStpg.png" srcset="https://miro.medium.com/max/276/1*Ew6o1MZe5WQEV2I_SkStpg.png 276w, https://miro.medium.com/max/552/1*Ew6o1MZe5WQEV2I_SkStpg.png 552w, https://miro.medium.com/max/640/1*Ew6o1MZe5WQEV2I_SkStpg.png 640w, https://miro.medium.com/max/700/1*Ew6o1MZe5WQEV2I_SkStpg.png 700w" sizes="700px"> </figure>Now that you are done setting up the wallet it’s time to import some CNTs! Start by hitting the Gero icon on the top of the screen again, and the wallet should pop up. Input your password<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="541" height="901" role="presentation" src="https://miro.medium.com/max/541/1*ur-JfyTDwje1aEreIaWsdg.png" srcset="https://miro.medium.com/max/276/1*ur-JfyTDwje1aEreIaWsdg.png 276w, https://miro.medium.com/max/541/1*ur-JfyTDwje1aEreIaWsdg.png 541w" sizes="541px"> </figure>Your wallet will be empty. To send some tokens, copy your address on the top right corner<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="541" height="901" role="presentation" src="https://miro.medium.com/max/541/1*miRamSxl7fWJVf1Pgts6wg.png" srcset="https://miro.medium.com/max/276/1*miRamSxl7fWJVf1Pgts6wg.png 276w, https://miro.medium.com/max/541/1*miRamSxl7fWJVf1Pgts6wg.png 541w" sizes="541px"> </figure>Go to your other wallet/CEX where you have your CNT and send it to that address. After some minutes/hours(depending on network congestion) your tokens should arrive. Now, these tokens come with a small amount of ADA, which will be sent with them if you want to transfer the CNT. But in order to pay for the transaction fee, you will need additional ADA.Let’s imagine you want to send your $DOEX to&nbsp;<a class="eb kx" href="https://cex.adax.pro/" rel="noopener ugc nofollow" target="_blank">ADAX</a>&nbsp;cex for trading. Navigate to your ADAX Dashboard and hit the “Deposit” button after DOEX<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="700" height="362" role="presentation" src="https://miro.medium.com/max/700/1*e50oUWS3tPXhKDk47Wqivw.png" srcset="https://miro.medium.com/max/276/1*e50oUWS3tPXhKDk47Wqivw.png 276w, https://miro.medium.com/max/552/1*e50oUWS3tPXhKDk47Wqivw.png 552w, https://miro.medium.com/max/640/1*e50oUWS3tPXhKDk47Wqivw.png 640w, https://miro.medium.com/max/700/1*e50oUWS3tPXhKDk47Wqivw.png 700w" sizes="700px"> </figure>It will display an address on the right. Notice that this address starts with “add….”. This means it is a Shelly era address and supports CNT transactions. Other exchanges have addresses from the Byron era that doesn’t support it. Never send a CNT to an address not starting with “add…”Copy the address<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="700" height="362" role="presentation" src="https://miro.medium.com/max/700/1*sNw1wVYvyEnXJo-RApuh8A.png" srcset="https://miro.medium.com/max/276/1*sNw1wVYvyEnXJo-RApuh8A.png 276w, https://miro.medium.com/max/552/1*sNw1wVYvyEnXJo-RApuh8A.png 552w, https://miro.medium.com/max/640/1*sNw1wVYvyEnXJo-RApuh8A.png 640w, https://miro.medium.com/max/700/1*sNw1wVYvyEnXJo-RApuh8A.png 700w" sizes="700px"> </figure>Now go to your gero wallet and hit “Send”<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="541" height="901" role="presentation" src="https://miro.medium.com/max/541/1*iUETBo7qdVHaKSKEugz6Kw.png" srcset="https://miro.medium.com/max/276/1*iUETBo7qdVHaKSKEugz6Kw.png 276w, https://miro.medium.com/max/541/1*iUETBo7qdVHaKSKEugz6Kw.png 541w" sizes="541px"> </figure>Now choose the CNT you wish to send, the amount, and paste the address you copied earlier<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="541" height="901" role="presentation" src="https://miro.medium.com/max/541/1*_ZmrZ5MIPxfWAxLJUwC-qg.png" srcset="https://miro.medium.com/max/276/1*_ZmrZ5MIPxfWAxLJUwC-qg.png 276w, https://miro.medium.com/max/541/1*_ZmrZ5MIPxfWAxLJUwC-qg.png 541w" sizes="541px"> </figure>After hitting send, you will get the details of your transaction. Notice how in addition to the 1.44 ADA that was pegged to the CNT, you need an additional small fee (in this case, 0.17 ADA). Confirm all the data, and hit the button<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="541" height="901" role="presentation" src="https://miro.medium.com/max/541/1*9ffefuflJUzpo0YbiLhQag.png" srcset="https://miro.medium.com/max/276/1*9ffefuflJUzpo0YbiLhQag.png 276w, https://miro.medium.com/max/541/1*9ffefuflJUzpo0YbiLhQag.png 541w" sizes="541px"> </figure>You can check this transaction on a Cardano explorer, like&nbsp;<a class="eb kx" href="https://cardanoscan.io/" rel="noopener ugc nofollow" target="_blank">Cardanoscan</a> Go to the History section on Gero and hit the desired transaction<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="541" height="901" role="presentation" src="https://miro.medium.com/max/541/1*hEivqGaCSU9kRi1Jtb1LLg.png" srcset="https://miro.medium.com/max/276/1*hEivqGaCSU9kRi1Jtb1LLg.png 276w, https://miro.medium.com/max/541/1*hEivqGaCSU9kRi1Jtb1LLg.png 541w" sizes="541px"> </figure>Now press on the Cardanoscan link<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="541" height="901" role="presentation" src="https://miro.medium.com/max/541/1*Vwzc5j21eGfxo7TiscI54g.png" srcset="https://miro.medium.com/max/276/1*Vwzc5j21eGfxo7TiscI54g.png 276w, https://miro.medium.com/max/541/1*Vwzc5j21eGfxo7TiscI54g.png 541w" sizes="541px"> </figure>On the Cardanoscan you can see the details of the transaction<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="700" height="276" role="presentation" src="https://miro.medium.com/max/700/1*cK0pksjiHyFLB-aJti1-xA.png" srcset="https://miro.medium.com/max/276/1*cK0pksjiHyFLB-aJti1-xA.png 276w, https://miro.medium.com/max/552/1*cK0pksjiHyFLB-aJti1-xA.png 552w, https://miro.medium.com/max/640/1*cK0pksjiHyFLB-aJti1-xA.png 640w, https://miro.medium.com/max/700/1*cK0pksjiHyFLB-aJti1-xA.png 700w" sizes="700px"> </figure>After a while, again depending on congestion time, your CNT will arrive at the destination, along with the pegged ADA<figure class="kz la lb lc ld im ft fu paragraph-image"><img alt="" class="oa ts ei ev er fa x t" width="700" height="362" role="presentation" src="https://miro.medium.com/max/700/1*tEPIzQUubjMCsJsQUNf-yQ.png" srcset="https://miro.medium.com/max/276/1*tEPIzQUubjMCsJsQUNf-yQ.png 276w, https://miro.medium.com/max/552/1*tEPIzQUubjMCsJsQUNf-yQ.png 552w, https://miro.medium.com/max/640/1*tEPIzQUubjMCsJsQUNf-yQ.png 640w, https://miro.medium.com/max/700/1*tEPIzQUubjMCsJsQUNf-yQ.png 700w" sizes="700px"> </figure>We hope this guide will help you transfer CNTs in an easy and secure way!<a class="eb kx" href="https://twitter.com/doex_official" rel="noopener ugc nofollow" target="_blank">Twitter</a>&nbsp;|&nbsp;<a class="eb kx" href="https://t.me/doexcommunity" rel="noopener ugc nofollow" target="_blank">Telegram</a>&nbsp;|&nbsp;<a class="eb kx" href="https://discord.com/invite/M9MtfAFmUq" rel="noopener ugc nofollow" target="_blank">Discord</a>&nbsp;|&nbsp;<a class="eb kx" href="https://www.reddit.com/r/doex/" rel="noopener ugc nofollow" target="_blank">Reddit</a>&nbsp;|&nbsp;<a class="eb kx" rel="noopener" href="https://doex.medium.com/">Medium</a><a class="eb ec cb cc cd ce cf cg ch bn ed ee ci ef eg" rel="noopener follow" href="https://doex.medium.com/?source=post_sidebar--------------------------post_sidebar--------------"></a>

Moving CNTs around

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The <a href="https://www.investingcube.com/topic/cardano/">Cardano</a> price has slumped to about $1 in the past few months. The coin has slumped by over 67% from its all-time high of about $3.17. As a result, its total market capitalization has declined from over $90 billion in August to $34 billion.&nbsp;
Similarly, its ranking among the biggest cryptocurrencies has dropped to 6. In this report, we will explain what Cardano is, why it has dropped sharply lately, and what to expect in the coming months.

<h2 id="h-what-is-cardano-and-what-does-it-do">What is Cardano and what does it do?</h2>
A common question among many cryptocurrency enthusiasts has been what is cardano and what does it do. For a long time, that was a valid question considering that there was nothing to see in Cardano other than its website, which also has its roadmap.
Cardano describes itself as a peer-reviewed blockchain project for changemakers, innovators, and visionaries.&nbsp;
The project&rsquo;s goal is to solve the top challenges that are associated with Ethereum and other layer-1 networks.&nbsp;
For example, while Ethereum is a popular platform, the fact is that it is not the most ideal project for both blockchain developers and users. Users often complain that projects built on Ethereum are significantly slow and expensive. For example, the average cost per transaction of an Ethereum app is more than $30.
Therefore, at its core, Cardano is a project where developers can build high-performing decentralized projects that are both faster and cost-efficient.&nbsp;
A good analogy of what Cardano is is that it is like Android, the company that is owned by Google. Using Android, developers can build apps such as Whatsapp and Facebook.
<h2 id="h-cardano-ecosystem-which-projects-are-built-in-cardano">Cardano ecosystem: Which projects are built in Cardano?&nbsp;</h2>
One of the main reasons why the Cardano price has struggled in the past few months is that there have been concerns about the projects build in the platform. This is not a question that only novice developers ask. As shown below, in 2021, Mike Novogratz of Galaxy Digital one of the people who asked about this.
<figure><div>
Not true. I spoke to twenty of the smartest people I know in the space, and zero of them saw cardano having traction with devs.&mdash; Mike Novogratz (@novogratz) <a href="https://twitter.com/novogratz/status/1426757593737879552?ref_src=twsrc%5Etfw">August 15, 2021</a>
</div></figure>The main reason why there were no projects built on Cardano was that for a long time, the project did not have smart contract features.&nbsp;
This situation changed last year when Cardano implemented the <a href="https://www.investingcube.com/ada-price-prediction-heres-why-cardano-may-soon-breakout-cryptocurrencies/">Alonzo hard fork</a> as part of its Goguen era. Gogue was the third phase of Cardano&rsquo;s roadmap after Byron and Shelley.
Today, there are several projects that have been built on Cardano. For example, last week, one of the most trending DeFi apps was SundaeSwap, which is a DEX that is similar to Uniswap and PancakeSwap.
There are other DeFi projects built on Cardano. For example, AdaSwap is a platform that creates a bridge, swap, and trade platform between tokens. Other upcoming DEFI projects are DOEX, Cardano Mixer, Cardax, and ADAX among others.
Further, the Cardano price has declined even as the number of NFT projects on the ecosystem increase. Some of the most popular NFT projects built on Cardano are Artano, ADANFT, Artifct, and Lavada among others. The chart below provides a summary of Cardano <a href="https://www.cardanocube.io/cardano-ecosystem-interactive-map" rel="nofollow">ecosystem</a>, including its metaverse projects like Pavia.

<h3 id="h-cardano-ecosystem">Cardano ecosystem</h3>
<figure><img src="image/svg+xml,%3Csvg%20xmlns=&#039;http://www.w3.org/2000/svg&#039;%20viewBox=&#039;0%200%201024%20488&#039;%3E%3C/svg%3E" width="1024" height="488" data-lazy-src="https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-ecosystem-1024x488.jpeg" alt="Cardano ecosystem" data-lazy-srcset="https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-ecosystem-1024x488.jpeg 1024w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-ecosystem-300x143.jpeg 300w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-ecosystem-770x367.jpeg 770w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-ecosystem-1536x732.jpeg 1536w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-ecosystem-293x140.jpeg 293w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-ecosystem-1400x667.jpeg 1400w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-ecosystem.jpeg 1755w" data-lazy-sizes=" 1024px) 100vw, 1024px"></figure><h2 id="h-ada-price-history">ADA price history</h2>
The chart below shows the long-term Cardano price chart. As you can see, the ADA price was received well by investors when it became available in Binance. In 2017, during the cryptocurrency rally, the price of Cardano jumped to an all-time high of $1.40. As you recall, this was during the period when the Bitcoin price jumped to almost $20,000.
<figure><img src="image/svg+xml,%3Csvg%20xmlns=&#039;http://www.w3.org/2000/svg&#039;%20viewBox=&#039;0%200%201024%20497&#039;%3E%3C/svg%3E" width="1024" height="497" data-lazy-src="https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-price-history-1024x497.png" alt="Cardano price history" data-lazy-srcset="https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-price-history-1024x497.png 1024w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-price-history-300x146.png 300w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-price-history-770x374.png 770w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-price-history-1536x746.png 1536w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-price-history-293x142.png 293w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-price-history-1400x680.png 1400w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-price-history.png 1813w" data-lazy-sizes=" 1024px) 100vw, 1024px"></figure>2018 was a difficult year for Cardano and other cryptocurrencies as the Federal Reserve decided to implement high-interest rates. In a bid to fight inflation, the Fed boosted rates by 100 basis points, which dragged cryptocurrencies and stocks
In 2018 and 2019, Cardano remained in a tight range during the biggest crypto winter of all time. The situation changed in 2020 amid the Covid-19 pandemic.
At the time, the ADA price started a bullish trend that saw it jump from a low of $0.035 to an all-time high of $3.20 in 2021. That was a 19,820% increase, which pushed its total market capitalization to more than $90 billion.
Between August 2021 and today, the Cardano price has slumped by over 67% and erased more than $56 billion in value.
<h2 id="h-why-has-cardano-declined">Why has Cardano declined?</h2>
There are several reasons why the price of Cardano has declined in the past few months. First, this decline is in line with the performance of other cryptocurrencies. Indeed, the total market capitalization of Cardano has slumped from over $3 trillion to $1.6 trillion.
Second, there are fears that the Federal Reserve will embrace a more hawkish tone this year. It has already hinted that it will implement three to four rate hikes this year. As you can see below, some analysts expect that the Fed will implement about seven hikes this year.
<figure>

</figure>Third, the ADA price has slumped because of the overall competition in its industry. Today, platforms like Terra, Solana, Binance Smart Chain, and even Polkadot have gained traction in the industry.&nbsp;
<h2 id="h-latest-cardano-news">Latest Cardano news</h2>
There have been no major Cardano news lately. The most important is the fact that Cardano has entered its Basho phase, which means that developers will focus on scaling the platform. Basho is the fourth phase of Cardano&rsquo;s roadmap.
The second major Cardano news is that activity in the <a href="https://cardanofeed.com/cardano-enjoys-all-time-high-network-activity-43097.html" rel="nofollow">network</a> has jumped to an all-time high as the number of projects in the ecosystem rise. Still, it is worth noting that this all-time high is coming from a low base.
<h2 id="h-will-cardano-soar-to-10-in-2022">Will Cardano soar to $10 in 2022?</h2>
Will the Cardano price soar to $10 in 2022? This is a commonly asked question. Analysts at <a href="https://longforecast.com/cardano-price-prediction-2018-2019-2020-2021-ada-to-usd" rel="nofollow">LongForecast</a> believe that 2022 will be another difficult year for the Cardano price. They expect that its price will continue dropping in 2022 and end the year at $0.55. The earliest that the coin will come back to $1 will be in October 2023.
Meanwhile, analysts at <a href="https://walletinvestor.com/forecast/cardano-prediction" rel="nofollow">Wallet Investor</a> expect that the ADA price is close to its bottom. As such, they expect that its price will rebound and end the year at about $2. Therefore, it is unlikely that Cardano will jump to $10 in 2022.
<h2 id="h-ada-price-technical-analysis-should-i-invest-in-cardano">ADA price technical analysis \ Should I invest in Cardano?</h2>
The daily chart shows that the Cardano price has been in a strong bearish trend in the past few months. As a result, the coin is now sitting at a key support level, where it struggled to move below several times in 2021. The ADA price has moved below the 25-day and 50-day moving averages. It has even formed a death cross. Therefore, I suspect that the coin&rsquo;s price will keep falling as bears target the key support at $0.50.
<figure><img src="image/svg+xml,%3Csvg%20xmlns=&#039;http://www.w3.org/2000/svg&#039;%20viewBox=&#039;0%200%201024%20497&#039;%3E%3C/svg%3E" width="1024" height="497" data-lazy-src="https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-Price-3-1024x497.png" alt="Cardano price chart" data-lazy-srcset="https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-Price-3-1024x497.png 1024w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-Price-3-300x146.png 300w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-Price-3-770x374.png 770w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-Price-3-1536x746.png 1536w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-Price-3-293x142.png 293w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-Price-3-1400x680.png 1400w, https://www.investingcube.com/wp-content/uploads/2022/01/Cardano-Price-3.png 1813w" data-lazy-sizes=" 1024px) 100vw, 1024px"></figure><h2 id="h-what-will-cardano-be-worth-in-2025">What will Cardano be worth in 2025?</h2>
For now, it is a bit difficult to have a good Cardano price prediction for 2025 because of the volatility of the cryptocurrency industry. However, in my estimation, the coin will be at a substantially higher price than where it is today because of the ongoing adoption.
<h2 id="h-how-much-is-cardano-coin-worth">How much is Cardano coin worth?</h2>
According to CoinGecko and CoinMarketCap, Cardano has a market cap of about $34 billion, making it the sixth biggest cryptocurrency in the world.
<h2 id="h-where-can-i-buy-cardano">Where can I buy Cardano?</h2>
Cardano is a very popular cryptocurrency, meaning that you can find it in most exchanges like Binance, Coinbase, and Kraken. You can also buy Cardano CFDs in platforms like ATFX.
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