We are in the midst of a global switch of the fundamental financial train tracks that we use as a global society to trade and transact at the retail and wholesale level, aided by blockchain technology evolution. In this paper, we showcase Indigo Protocol to assist in that transition for the people. For a majority of the world’s billions of people, in fact, fair access to the financial tools of this world is all but inaccessible. Accessible for the accredited and wealthy, but not the person in a developing country or without certain credit.

With Indigo Protocol, our mission is to bring the world's financial and equitable assets to the blockchain allowing everyone access to them, in a synthetic form, to control their own financial destiny. As great wealth distribution takes place with money flowing out of the western and developed world and into other countries, Indigo Protocol will be just one tool in decentralized blockchain that will help this long overdue, more free, and fair distribution to happen seamlessly.



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Indigo Protocol

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			As we step into the next phase of our crypto journey in 2024, let’s turn our focus towards some promising Cardano tokens. Cardano stands as one of the leading cryptocurrencies, renowned for its significant market capitalization and reputation in the crypto space. Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" target="_blank"> ChikaMoji.lol </a><a target="_blank" href="https://chikamoji.lol/"><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit=1920%2C1080&amp;ssl=1" alt srcset="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?w=1920&amp;ssl=1 1920w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?resize=300%2C169&amp;ssl=1 300w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?resize=1024%2C576&amp;ssl=1 1024w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?resize=768%2C432&amp;ssl=1 768w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?resize=1536%2C864&amp;ssl=1 1536w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?w=1280&amp;ssl=1 1280w" /></a>
With numerous tokens being launched on its platform, today’s blog will delve into the top Cardano-based tokens, excluding ADA.
<h2>Top 5 Cardano Tokens for April 2024 Investment</h2>
With over 50 tokens based on the Cardano network, collectively <a target="_blank" href="https://cryptosheadlines.com/pepe-coin-surpasses-btc-and-eth-in-trading-volume-8m-worth-locked/">locking a trading volume</a> exceeding $1 billion, selecting the right ones for investment becomes crucial. Here are the <a target="_blank" href="https://cryptosheadlines.com/analyst-picks-top-five-altcoins-for-2024-bull-market/">top 5 picks</a> for April:
1. SingularityNET (AGIX): SingularityNET is currently valued at $1.22, with a market cap of $1,555,729,329 and a trading volume of $178,084,888. It offers AI services for creating, sharing, and monetizing content.
2. Indigo Protocol (INDY): Indigo Protocol enables users to create iAssets or synthetic assets autonomously. It’s trading at $2.27, with a market cap of $11,694,892, having reached an ATH of $4.58 nine months ago.
3. Chainlink (LINK): Chainlink, ranked 15th on CoinmarketCap, boasts a market cap of $10,836,267,275 and a trading volume of $361,654,661. Despite its current value of $18.45, it <a target="_blank" href="https://cryptosheadlines.com/dogwifhat-reaches-all-time-high-after-binance-listing/">reached an all-time</a> high of $52.88, offering significant investment potential.Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" target="_blank"> ChikaMoji.lol </a><a target="_blank" href="https://chikamoji.lol/"><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit=1920%2C1080&amp;ssl=1" alt srcset="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?w=1920&amp;ssl=1 1920w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?resize=300%2C169&amp;ssl=1 300w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?resize=1024%2C576&amp;ssl=1 1024w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?resize=768%2C432&amp;ssl=1 768w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?resize=1536%2C864&amp;ssl=1 1536w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?w=1280&amp;ssl=1 1280w" /></a>
4. Nexo (NEXO): Nexo, trading at $1.30, holds a market cap of $730,376,124 and a trading volume of $5,749,171. Having spiked to a two-year high of $1.571, NEXO is the native token of the Nexo exchange and lending platform.
5. COTI (COTI): COTI is a fintech platform facilitating payment solutions. It’s currently trading at $0.1805, with a market cap of $283,738,789. With a surge of 45% in trading volume, pushing it to $15,217,068, COTI presents promising investment opportunities.
<h2>In Summary</h2>
While the blog has covered some promising Cardano-based <a target="_blank" href="https://cryptosheadlines.com/upcoming-unlock-of-196-million-blur-tokens-potential-price-crash-ahead/">tokens for potential</a> investment this month, there are several others worth considering. These tokens <a target="_blank" href="https://cryptosheadlines.com/crypto-offers-opportunity-zone-returns-firm-reports/">offer various features and investment opportunities</a>, making them attractive options for investors.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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CryptosHeadlines

Best 5 Cardano Tokens to Invest in April 2024

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The Cardano (<a href="https://finbold.com/cryptocurrency/cardano/" target="_blank">ADA</a>) ecosystem has shown multiple growth signals in the past few years. Investors now look for promising tokens being built on Cardano to invest in 2024, to capitalize on this growth.
Notably, decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" target="_blank">DeFi</a>) <a href="https://defillama.com/" target="_blank">data</a> from DefiLlama evidence how the <a href="https://finbold.com/guide/buy-cardano-with-paypal/" target="_blank">Cardano</a> ecosystem has improved lately. The total value locked (TVL) in Cardano tokens reached $422.63 million, a nearly 10 times increase from the $50 million on January 1, 2023.
Together, the daily volume registered by <a href="https://finbold.com/guide/decentralized-exchange-definition/" target="_blank">decentralized exchanges</a> grew from $854,240 to $5.69 million in the same period. This is a direct result of increased <a href="https://finbold.com/guide/cryptocurrency-trading/" target="_blank">crypto trading and investing</a> activity among the best Cardano ecosystem coins and protocols.
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Picks for you
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<figure><img src="https://assets.finbold.com/uploads/2024/03/Cardano-DeFi-ecosystem-1024x370.jpg" alt srcset="https://assets.finbold.com/uploads/2024/03/Cardano-DeFi-ecosystem-1024x370.jpg 1024w, https://assets.finbold.com/uploads/2024/03/Cardano-DeFi-ecosystem-300x108.jpg 300w, https://assets.finbold.com/uploads/2024/03/Cardano-DeFi-ecosystem-768x277.jpg 768w, https://assets.finbold.com/uploads/2024/03/Cardano-DeFi-ecosystem-1536x555.jpg 1536w, https://assets.finbold.com/uploads/2024/03/Cardano-DeFi-ecosystem-2048x740.jpg 2048w" /><figcaption>Cardano ecosystem – total value locked and volume. Source: DefiLlama</figcaption></figure>
<h2 id="h-best-cardano-ecosystem-coins-and-tokens-to-consider-investing-in">Best Cardano ecosystem coins and tokens to consider investing in</h2>
In the meantime, ADA, the network’s native token, is trading at $0.65 by press time. With a market cap of $23.025 billion, it signals an overbought DeFi asset – 54 times higher than its TVL.
However, more than just investing in Cardano’s native token, investors can gain exposure to dozens of the ecosystem’s innovative protocols. Finbold selected three of the best projects and their respective tokens being built on the Cardano blockchain.
<h3 id="h-indigo-indy">Indigo (INDY)</h3>
First, Indigo (INDY) <a href="https://finbold.com/is-blackrock-investing-in-rwa-tokens-heres-what-we-know/" target="_blank">navigates the real-world asset (RWA) narrative</a>, attracting capital and valuable demand to its protocol. The Indigo Protocol allows users to create Cardano tokens that are synthetic versions of RWAs, called iAssets. 
Indigo has seen an impressive surge in its total value locked, to $106.63 million. Interestingly, INDY’s price action and market cap did not follow the growth, currently at $2.5 and $27.17 million, respectively.
<figure><img src="https://assets.finbold.com/uploads/2024/03/Indigo-INDY-Cardano-tokens-1024x367.jpg" alt srcset="https://assets.finbold.com/uploads/2024/03/Indigo-INDY-Cardano-tokens-1024x367.jpg 1024w, https://assets.finbold.com/uploads/2024/03/Indigo-INDY-Cardano-tokens-300x107.jpg 300w, https://assets.finbold.com/uploads/2024/03/Indigo-INDY-Cardano-tokens-768x275.jpg 768w, https://assets.finbold.com/uploads/2024/03/Indigo-INDY-Cardano-tokens-1536x550.jpg 1536w, https://assets.finbold.com/uploads/2024/03/Indigo-INDY-Cardano-tokens-2048x733.jpg 2048w" /><figcaption>Cardano tokens: Indigo (INDY). Source: DefiLlama</figcaption></figure>
<h3 id="minswap-min-to-swap-cardano-tokens">Minswap (MIN) to swap Cardano tokens</h3>
Second, the most popular decentralized exchange in the Cardano DeFi ecosystem is Minswap (<a href="https://finbold.com/cryptocurrency/minswap/" target="_blank">MIN</a>), allowing traders to swap their coins and tokens.
The protocol has $88.93 million in total value locked, twice the value of MIN’s $44.78 million market cap. Meanwhile, the token trades at $0.039, and its platform makes over $5 million in swap volume, consolidating its market share.
<figure><img src="https://assets.finbold.com/uploads/2024/03/Minswap-MIN-Cardano-tokens-1024x367.jpg" alt srcset="https://assets.finbold.com/uploads/2024/03/Minswap-MIN-Cardano-tokens-1024x367.jpg 1024w, https://assets.finbold.com/uploads/2024/03/Minswap-MIN-Cardano-tokens-300x107.jpg 300w, https://assets.finbold.com/uploads/2024/03/Minswap-MIN-Cardano-tokens-768x275.jpg 768w, https://assets.finbold.com/uploads/2024/03/Minswap-MIN-Cardano-tokens-1536x550.jpg 1536w, https://assets.finbold.com/uploads/2024/03/Minswap-MIN-Cardano-tokens-2048x733.jpg 2048w" /><figcaption>Cardano tokens: Minswap (MIN). Source: DefiLlama</figcaption></figure>
<h3 id="liqwid-lq">Liqwid (LQ)</h3>
In closure, Liquid (LQ) features as the third-most promising Cardano token to watch and possibly invest in 2024. The protocol allows for decentralized borrowing and lending, with yield generation for ADA and other of the best ecosystem coins.
In total, $54.35 million is locked, providing liquidity to the protocol, while LQ trades at $2.67.
<figure><img src="https://assets.finbold.com/uploads/2024/03/Liqwid-LQ-Cardano-tokens-1024x331.jpg" alt srcset="https://assets.finbold.com/uploads/2024/03/Liqwid-LQ-Cardano-tokens-1024x331.jpg 1024w, https://assets.finbold.com/uploads/2024/03/Liqwid-LQ-Cardano-tokens-300x97.jpg 300w, https://assets.finbold.com/uploads/2024/03/Liqwid-LQ-Cardano-tokens-768x248.jpg 768w, https://assets.finbold.com/uploads/2024/03/Liqwid-LQ-Cardano-tokens-1536x496.jpg 1536w, https://assets.finbold.com/uploads/2024/03/Liqwid-LQ-Cardano-tokens-2048x661.jpg 2048w" /><figcaption>Cardano tokens: Liqwid (LQ). Source: DefiLlama</figcaption></figure>
As observed, Cardano is becoming a rich ecosystem with promising tokens and projects for this year. Nevertheless, investors must learn how to identify the best Cardano ecosystem coins and their respective entry points to improve results.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. </div>

Finbold

3 best Cardano tokens to invest in 2024

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TL;DR
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<li>Mehen Finance has launched USDM, the first fiat-backed stablecoin on the Cardano blockchain, marking a significant step towards broader adoption. The stablecoin is fully backed by the US dollar, offering a 1:1 conversion rate.</li>
<li>USDM serves as a base asset for DeFi protocols and enables instant on-chain payments. It will initially be available in 17 US states and will debut on Cardano’s largest DEX, MinSwap, and Genius Yield.</li>
<li>Despite competition from other stablecoins, USDM has unique use cases and competitive advantages. The launch of USDM could significantly propel DeFi on the Cardano network. 
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Mehen Finance has officially <a href="https://cardanoscan.io/transaction/c6b0831fa16e101ae18de65c2a0c8825cebffe17ccfe38385e711c900f62d261" target="_blank">launched</a> USDM, the first fiat-backed stablecoin on the <a href="https://crypto-economy.com/knowing-cardano-protocol/" target="_blank">Cardano</a> blockchain. This marks a pivotal moment in Cardano’s journey towards broader adoption. USDM is fully backed by the US dollar, offering users a 1:1 conversion rate. The introduction of a solid fiat-backed stablecoin addresses a long-standing criticism of the Cardano network. 
<blockquote>
<a href="https://twitter.com/hashtag/CardanoCommunity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#CardanoCommunity</a>,<a href="https://twitter.com/search?q=%24USDM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank">$USDM</a> IS HERE! 
policyID – c48cbb3d5e57ed56e276bc45f99ab39abe94e6cd7ac39fb402da47ad
assetName – 0014df105553444d <a href="https://t.co/gnkh4NikDS" target="_blank">pic.twitter.com/gnkh4NikDS</a>
— $USDM on Cardano (@MehenOfficial) <a href="https://twitter.com/MehenOfficial/status/1769159056483086608?ref_src=twsrc%5Etfw" target="_blank">March 17, 2024</a></blockquote>
While Cardano has an array of algorithmic stablecoins, the demand for a fiat-backed stablecoin has been growing. Mehen Finance is at the forefront of this innovation, aiming to revolutionize decentralized finance (DeFi) on Cardano. USDM serves as a base asset for DeFi protocols and enables instant on-chain payments.
The vision of Mehen Finance is to be a scalable catalyst for the growth and adoption of the entire Cardano ecosystem. The official launch of USDM took place on March 16, and the onboarding process for institutional customers began on March 18. The token will make its on-chain debut in the upcoming week. 
<h2>Mehen Finance Leads DeFi Innovation with USDM on Cardano</h2>
<picture>
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<img src="https://crypto-economy.com//wp-content/uploads/2024/03/USDMCardano.jpg" srcset="https://crypto-economy.com//wp-content/uploads/2024/03/USDMCardano.jpg 825w, https://crypto-economy.com//wp-content/uploads/2024/03/USDMCardano-300x109.jpg 300w, https://crypto-economy.com//wp-content/uploads/2024/03/USDMCardano-768x279.jpg 768w" alt="Mehen Finance Introduces USDM: Cardano's First Fiat-Backed Stablecoin" />
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The <a href="https://crypto-economy.com/stablecoins/" target="_blank">stablecoin</a> will initially be available in 17 US states and will debut on Cardano’s largest DEX, MinSwap, and Genius Yield. Individuals residing in the approved 17 U.S. states can create an account, complete the Know Your Customer (KYC) procedure, and connect their accounts. Nonetheless, the privilege of minting will be exclusively available to institutional users at the outset, with plans to extend this facility to retail users in the forthcoming weeks. 
Qualified users desiring to mint USDM can do so without incurring fees. However, redeeming US dollars for their USDM will incur a 1.5% fee. The launch of USDM is a watershed moment that could significantly propel DeFi on the Cardano network. 
Despite facing competition from other stablecoins like USDA from Emurgo, Djed Stablecoin powered by Coti, and iUSD from Indigo Protocol, USDM has its unique use case and competitive advantages.
In conclusion, the introduction of USDM by Mehen Finance marks a significant milestone in the evolution of the Cardano ecosystem. It not only addresses a critical need within the community but also paves the way for the growth and adoption of DeFi on Cardano.
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Crypto economy (EN)

Mehen Finance Introduces USDM: Cardano's First Fiat-Backed Stablecoin - Crypto Economy

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Amidst a crypto market resurgence, Cardano (ADA) achieves a significant milestone in network activity. Danogo, a Cardano-based DEX, reports over 600,000 active wallets in the past month, a surge of 533,000 since March, signaling increased user adoption.
<h2>Fluctuating Growth Trajectory</h2>
The growth trajectory has not followed a linear path throughout the year. However, it indicates a clear reversal from the network’s low point on September 25, 2023, when the number of active wallets dropped to 297,268. This significant rise in active users signals a growing interest in Cardano’s capabilities and potential.
Related article: <a href="https://www.fxcryptonews.com/accumulation-by-cardano-whales-signals-upcoming-price-surge/" target="_blank">Accumulation by Cardano Whales Signals Upcoming Price Surge</a>
Danogo’s data provides further insights into user behavior on the Cardano network. Over the past week, the platform observed over 212,000 active addresses, with daily active addresses reaching 44,100 on March 12.
<h2>Exploring Decentralized Applications (dApps)</h2>
The data also delves into engagement with Decentralized Applications (dApps) built on the Cardano blockchain. Indigo Protocol currently holds the position of the leading dApp on Cardano in terms of total value locked (TVL), representing the total cryptocurrency value deposited within a DeFi protocol.
With a TVL of $167 million, Indigo Protocol demonstrates significant financial activity. However, despite its dominance in TVL, Minswap surpasses Indigo Protocol in terms of active wallets.
Related article: <a href="https://www.fxcryptonews.com/cardanos-potential-to-surpass-1-in-march-a-comprehensive-analysis/" target="_blank">Cardano’s Potential to Surpass $1 in March: A Comprehensive Analysis</a>
Minswap boasts an active wallet count of 30,677 for the past 30 days, compared to Indigo Protocol’s 1,794. This data suggests that while Indigo Protocol attracts substantial investment, Minswap enjoys a larger and more active user base.
<h2>Ecosystem Growth as a Price Driver</h2>
In January, Charles Hoskinson foresaw significant growth for Cardano in 2024, which aligns with a surge in active addresses and ADA’s push to surpass the $0.8 resistance level. This suggests a correlation between network activity and token price.
ADA is currently trading at $0.7489, up 1.58% in the past 24 hours. Although many are looking to the $0.8 resistance level, one analyst believes ADA might be on its way to $10.
Cardano’s development team is actively pursuing strategic partnerships and introducing new products and services. These initiatives aim to sustain the network’s momentum, propel its adoption rate, and boost its price.
<figure></figure>
The recent surge in active wallets on the Cardano network, coupled with increased engagement with Decentralized Applications, indicates a growing interest and adoption of the platform. As Cardano continues to evolve and expand its ecosystem, it is poised to capitalize on its growing user base and potentially drive the price of ADA higher.
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				Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.
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Indigo Protocol ($INDY)

Indigo is an algorithmic, autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano.

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