GeroWallet also allows users to swap, stake, and margin trade synthetic assets. These functions are designed with a focus on user experience, providing a full suite of features for naive and seasoned enthusiasts. 

 In addition to traditional functionality that currently exists in Web3 wallets, GeroWallet provides users with the ability to purchase digital assets using fiat.

Our mission is to create the ultimate Cardano wallet that boasts interchain and multi-chain compatibility—while providing a superior user experience through an intuitive UI. We envision a wallet that empowers individuals to access Decentralized Finance (DeFi) technology and a “swiss army knife” of features. By integrating with sister protocols and additional decentralized applications, GeroWallet will efficiently and reliably unlock the power of the Cardano network.

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GeroWallet

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<h2><span></span>Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity<span></span></h2>
<p>The price of <strong><a target="_blank" href="https://cryptodataspace.com/crypto-news/cardano-news-cardano-ada-2/">Cardano (ADA) </a></strong>is showing clear signs of a bullish uptrend, mirroring the broader recovery seen across the cryptocurrency market. <strong>ADA </strong>has experienced a strong rebound recently, aligning with the overall revival of digital currencies.</p><div>
<ul><li><a target="_blank" href="https://cryptodataspace.com/crypto-news/cardano-ada-price-sees-bullish/#Cardano_ADA_Price_Sees_Bullish_Momentum_Amid_Major_Wallet_Transfer_Activity" title="Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity">Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity</a><ul><li><a target="_blank" href="https://cryptodataspace.com/crypto-news/cardano-ada-price-sees-bullish/#Cardanos_Price_Spikes_Following_Mysterious_Multi-Million_ADA_Wallet_Transfer" title="Cardano’s Price Spikes Following Mysterious Multi-Million ADA Wallet Transfer">Cardano’s Price Spikes Following Mysterious Multi-Million ADA Wallet Transfer</a></li><li><a target="_blank" href="https://cryptodataspace.com/crypto-news/cardano-ada-price-sees-bullish/#Can_ADA_Reach_050_Soon" title="Can ADA Reach $0.50 Soon?">Can ADA Reach $0.50 Soon?</a></li></ul></li></ul></div>
<h3><span></span>Cardano’s Price Spikes Following Mysterious Multi-Million ADA Wallet Transfer<span></span></h3>
<p><strong><a target="_blank" href="https://cryptodataspace.com/crypto-news/cardano-price-surges-following/">Cardano’s price</a></strong> has surged, driven by a mysterious transaction that has captivated the crypto community. A prominent Cardano wallet recently initiated an unexpected transfer of millions of <strong>ADA</strong>, drawing significant attention from market observers.</p>
<p>This high-profile wallet, known for its substantial transactions, recently moved millions in <strong>ADA</strong>. The timing of this transfer coincided with noticeable network congestion, possibly linked to a new platform release similar to Pumpdotfun.</p>
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<figure><a href="https://x.com/functi0nZer0/status/1832887919507656808" target="_blank"><img srcset="https://cryptodataspace.com/wp-content/uploads/2024/09/image-141.png 524w, https://cryptodataspace.com/wp-content/uploads/2024/09/image-141-300x73.png 300w, https://cryptodataspace.com/wp-content/uploads/2024/09/image-141-20x5.png 20w" src="https://cryptodataspace.com/wp-content/uploads/2024/09/image-141.png" alt="Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity" title="Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity | Crypto Data Space" /></a></figure></div>
<p>The sequence of transfers began with a user converting <strong>SOL </strong>to <strong>ADA </strong>using SimpleSwap at 14:00 UTC. The ADA was then sent to a newly created GeroWallet. Shortly after, this wallet transferred the ADA to another new Vespr wallet. Despite a brief delay, the transaction was completed. Interestingly, a significant portion of <strong>ADA </strong>from a high-activity wallet was later sent back to the original wallet and ultimately returned to Solana.</p>
<p>Over the past 24 hours, <strong><a target="_blank" href="https://cryptodataspace.com/crypto-news/cardano-price-divergence-what-to/">Cardano’s price</a></strong> has shown a steady increase, consistently staying above the $0.34 mark. As of the latest data, ADA is trading at $0.3408, marking a 1.32% gain during U.S. market hours. This uptick aligns with a notable rise in market volume, signaling increased trading activity.</p>
<h3><span></span>Can ADA Reach $0.50 Soon?<span></span></h3>
<p>Looking at the 4-hour technical indicators, <strong>Cardano </strong>is showing promising signs. The Relative Strength Index (RSI) currently stands at 62, suggesting a neutral yet favorable trend.</p>
<p>The <strong><a href="https://www.investopedia.com/terms/m/macd.asp#:~:text=Key%20Takeaways-,Moving%20average%20convergence%2Fdivergence%20(MACD)%20is%20a%20technical%20indicator,EMA%20of%20the%20MACD%20line." target="_blank">Moving Average Convergence Divergence (MACD)</a></strong> indicator reinforces this positive outlook, with the MACD line crossing above the signal line—an indication of sustained bullish momentum. The growing green bars on the histogram further emphasize the potential for continued upward movement.</p>
<figure><img srcset="https://cryptodataspace.com/wp-content/uploads/2024/09/1-11-1024x522.webp 1024w, https://cryptodataspace.com/wp-content/uploads/2024/09/1-11-300x153.webp 300w, https://cryptodataspace.com/wp-content/uploads/2024/09/1-11-768x391.webp 768w, https://cryptodataspace.com/wp-content/uploads/2024/09/1-11-1100x560.webp 1100w, https://cryptodataspace.com/wp-content/uploads/2024/09/1-11-600x306.webp 600w, https://cryptodataspace.com/wp-content/uploads/2024/09/1-11-20x10.webp 20w, https://cryptodataspace.com/wp-content/uploads/2024/09/1-11.webp 1154w" src="https://cryptodataspace.com/wp-content/uploads/2024/09/1-11-1024x522.webp" alt="Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity" title="Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity | Crypto Data Space" /></figure>
<p>According to data from <strong><a href="https://coinmarketcap.com/currencies/cardano/" target="_blank">Coinglass</a></strong>, <strong>Cardano’s </strong>trading volumes have surged by 24.12%, reaching $288.05 million, which indicates a significant rise in market activity. Additionally, open interest for ADA has increased by 2.06%, totaling $179.52 million. This signals that traders are growing more committed to holding positions, anticipating potential price shifts. The increase in both trading volume and open interest suggests heightened market interest and potential volatility in ADA’s price.</p>
<figure><img srcset="https://cryptodataspace.com/wp-content/uploads/2024/09/2-2-1024x276.webp 1024w, https://cryptodataspace.com/wp-content/uploads/2024/09/2-2-300x81.webp 300w, https://cryptodataspace.com/wp-content/uploads/2024/09/2-2-768x207.webp 768w, https://cryptodataspace.com/wp-content/uploads/2024/09/2-2-1100x297.webp 1100w, https://cryptodataspace.com/wp-content/uploads/2024/09/2-2-600x162.webp 600w, https://cryptodataspace.com/wp-content/uploads/2024/09/2-2-20x5.webp 20w, https://cryptodataspace.com/wp-content/uploads/2024/09/2-2.webp 1357w" src="https://cryptodataspace.com/wp-content/uploads/2024/09/2-2-1024x276.webp" alt="Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity" title="Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity | Crypto Data Space" /></figure>
<p>Currently, Cardano is on a strong upward trend. Should ADA break through the $0.35 resistance level, this could signal a trend reversal and open the path to the next major resistance at $0.40. If the bullish momentum continues, ADA could potentially reach $1 in the near future.</p>
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<figure><img srcset="https://cryptodataspace.com/wp-content/uploads/2024/09/image-139.png 150w, https://cryptodataspace.com/wp-content/uploads/2024/09/image-139-20x9.png 20w" src="https://cryptodataspace.com/wp-content/uploads/2024/09/image-139.png" alt="Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity" title="Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity | Crypto Data Space" /></figure></div> </div>

Crypto Data Space

Cardano (ADA) Price Sees Bullish Momentum Amid Major Wallet Transfer Activity

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<li>ADA’s price has rebounded to $0.343 after a low of $0.3054 amid market volatility.</li>
<li>Mysterious transactions involving large ADA amounts stir speculation and concern.</li>
<li>The Cardano ecosystem grows with increased transactions, wallets, and Plutus scripts.</li>
</ul>
<p>Cardano (ADA) has been in the spotlight recently, facing a mix of market turbulence and intriguing developments. Notably, mysterious wallet transactions involving millions of ADA have stirred speculation and heightened market interest.</p>
<p>Despite this, the Cardano ecosystem continues to showcase impressive growth, with significant increases in transactions, wallets, and development activities reported in recent updates.</p>
<h2>Cardano (ADA) going through a turbulent phase</h2>
<p><a target="_blank" href="https://coinjournal.net/cardano/">Cardano’s price</a> has been navigating a turbulent phase, marked by recent volatility. After hitting a low of $0.3054 on September 7, ADA’s price has shown some bullish trends, surpassing $0.34, which hints at potential market recovery.</p>
<p>The cryptocurrency’s price surge, currently trading around $0.343, reflects a general resurgence across digital currencies. This positive price movement comes amid rising trading volumes and open interest, suggesting increasing investor confidence.</p>
<p><img src="https://coinjournal.net/wp-content/uploads/2024/09/ADA-open-interest.png" alt /></p>
<p>However, there are concerns about the impact of the recent <a target="_blank" href="https://x.com/functi0nZer0/status/1832887919507656808">revelations of mysterious wallet transactions</a> involving a top Cardano wallet that initiated a large-scale transaction that, coincidentally, occurred during significant network congestion linked to a new platform release.</p>
<h2>Mysterious ADA transactions</h2>
<p>The mysterious transactions involving ADA began with a user converting SOL to ADA using SimpleSwap, with the ADA being directed to a new wallet created through GeroWallet. This wallet then transferred ADA to another new Vespr wallet. The transaction faced delays but was eventually completed.</p>
<p>Subsequently, a large amount of ADA was transferred back to the original wallet and then returned to Solana.</p>
<p>This sequence of transactions was further complicated by the involvement of a wallet flagged as an ‘enterprise address’ on Cexplorer, typically used by exchanges and custodians. This address, known as vx7j28, had been active for 12 days and handled a significant volume of ADA.</p>
<p>Speculation has arisen about whether this wallet’s activity is linked to exchange operations or network anomalies, such as reorgs or stress-induced issues.</p>
<p>The wallet’s behaviour, including receiving a substantial amount of ADA and transferring it back shortly after, suggests either an unusual network edge case or potential deliberate manipulation. This has led to widespread discussions and investigations within the crypto community to understand the full scope and impact of these transactions on the Cardano network.</p>
<h2>Key metrics point to Cardano ecosystem growth</h2>
<p>Despite the market turbulence and mysterious transactions, the Cardano ecosystem has shown remarkable growth. According to the <a target="_blank" href="https://x.com/Cardano_CF/status/1833141244329091195">Cardano Foundation’s August 2024 report</a>, several key metrics highlight this expansion:</p>
<ul>
<li>Transaction Volume: Cardano network transactions grew by 1.51% in August, reaching 95.9 million transactions.</li>
<li>Wallets and Delegated Wallets: The number of wallets increased by 0.67% to 4.87 million, with delegated wallets growing by 0.98%.</li>
<li>Plutus Scripts: The number of Plutus scripts rose by 0.75% to 6,709.</li>
<li>Native Tokens: Native tokens saw a 0.85% increase, totalling 10.3 million, with token policies up by 6.53% to 160,299.</li>
</ul>
<p>In addition to these metrics, Input Output Global (IOG) reported that as of August 30, 2024, there are 1,373 projects actively building on Cardano. The number of token policies increased by 8,375, and 110,000 new native tokens were minted.</p>
<p>Plutus scripts experienced a significant rise of 5,995, reaching a total of 74,729. Furthermore, the total number of transactions saw an increase of 1.5 million over the month.</p>
<p>This growth underscores the ongoing development and expansion within the Cardano ecosystem, showcasing its resilience and potential despite market challenges.</p>
<p>As Cardano (ADA) navigates a complex landscape of market fluctuations and mysterious transactions, the underlying growth in its ecosystem reflects a positive and robust trajectory.</p>
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Coinjournal

Cardano (ADA) on the spot amid mysterious transactions as ecosystem registers growth - CoinJournal

Intersect

Intersect Development Update #8 - April 5th

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<p><span>Since the launch of their decentralized application just a month ago, the momentum has not wavered. The team has forged new partnerships, introduced additional products, enhanced user experience, and is in progress of conducting a thorough smart contract audit. The </span><a href="https://cerra.io/" target="_blank"><span>Cerra.io</span></a><span> team is on an unwavering trajectory of advancement.</span></p>
<p><b>P2P-Lending Smart Contract Audit:</b></p>
<p><span>The live deployment of the product just before Christmas 2023 was strategically timed. Cerra stands out as a lending option by utilizing in-house-developed decentralized oracles. While these features emphasize innovation, the paramount importance of security and flawlessness led the team to seek a third-party auditor. Enter Tweag, a leading auditing firm with a wealth of experience, ensuring the integrity and security of the product. Tweag has an impressive track record, conducting audits for projects inside Cardano, like Minswap, GeniusYield, GeroWallet and many others. The audit is going at rapid pace and according to the team, should be coming to the closing stages in the weeks ahead.</span></p>
<p><b>Pre-Sale:</b></p>
<p><span>Currently, the pre-sale stage is happening directly on the newly established website: </span><span>cerra.io/presale</span><span>. It has been progressing steadily in alignment of the platform development and feature releases. Make sure to check it out and join the early-birds team.</span></p>
<p><b>Development Updates:</b></p>
<p><span>In the dynamic world of cryptocurrency, “DePIN” has become a buzzword, Cerra.io seized the opportunity presented by Iagon, a Cloud Computing Platform within the Cardano ecosystem, becoming the first dApp on Cardano to utilize decentralized storage. </span></p>
<p><span>Moving forward – a recent announcement from the team will bring another interesting feature to the platform. Xerberus Risk Rating system will help lenders and traders manage their exposure while using Cerra. The feature will go live after the next major risk upgrade that Xerberus is planning towards the End of February/Early March!</span></p>
<p><span>Additionally, substantial UX improvements, such as order filtering, faster loading times, live blockchain querying, and an enhanced create order wizard, have been implemented to elevate the user experience.</span></p>
<p><b>Upcoming AMM Swap:</b></p>
<p><span>As a hub for Passive Income DeFi, Cerra.io doesn’t settle for a single product. The team is excited to announce an upcoming release, AMM Swap, scheduled for launch before the end of Q1 2024. The Swap is bringing in a status quo to existing options, with new out-of-the-box features. This addition aims to boost liquidity, drive product adoption, and increase fee generation, with a commitment to providing the lowest trading fees in the market. All resulting fees will be split with the valued CERRA token holders. This journey is marked by continuous innovation, and Cerra.io is thrilled to push for more progress and innovation along the way.</span></p>
<p><span>In conclusion, Cerra.io stands at the forefront of the Cardano ecosystem, shaping the landscape of Decentralized Passive Income with unwavering commitment and constant innovation. From strategic partnerships and robust security measures to pioneering the use of decentralized solutions and introducing new products like AMM Swap, the journey is marked by progress. As the team continues to push boundaries and enhance user experience. Stay tuned for more groundbreaking developments from Cerra.io</span></p>
<p><span>Website</span><span> – https://cerra.io/</span></p>
<p><span>Twitter</span><span> –  https://twitter.com/Cerra_io</span></p>
<p><span>Discord</span><span> – https://discord.com/invite/NAhSpAvg4a</span></p>
<p><span>Whitepaper</span><span> – https://documentation.cerra.io/cerra_io/ </span></p>
<p><strong>Disclaimer: This is a paid post and should not be treated as news/advice.</strong></p>
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GeroWallet ($GERO)

GeroWallet is the first step in your decentralized finance (DeFi) journey. GeroWallet is named in honor of Gerolamo Cardano, an Italian polymath, and is a next-generation Web3 wallet.

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