AdaSwap is an AMM (Automated Market Maker) platform that provides decentralized and noncustodial market-making for liquidity providers, built and utilized on top of the Cardano blockchain infrastructure. The algorithmic protocol compiles a comprehensive logic that is derived of built-in liquidity provision, DAO, and NFT marketplace smart-contract characteristics.We are striving to be the first DEX based on Cardano! Our main goal is to develop tools for creators and users, as well as bringing high-yield staking pools and NFT content through our launchpads and marketplaces.

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AdaSwap

<p>The crypto market has encountered its share of fluctuations, witnessing a 5% decline in Bitcoin (BTC) within a single hour. Despite this brief setback, Bitcoin has <a href="https://coinmarketcap.com/">exhibited</a> a remarkable 65% increase in value since mid-October, reaching a pinnacle of $43,800. As we approach the conclusion of the year and turn our attention to 2024, it becomes crucial to reevaluate the crypto landscape and pinpoint potential opportunities. Here are several noteworthy crypto assets to contemplate adding to your portfolio before the onset of the new year.</p><h4>Bitcoin (BTC)</h4><p>Bitcoin continues to maintain its dominant position as the original and most substantial cryptocurrency by market capitalization. Despite recent market oscillations, Bitcoin remains an attractive prospect for 2024. Its acknowledgment as legal tender in select countries and growing mainstream popularity contribute to its enduring status as the cornerstone of the crypto realm. At the latest update, BTC is trading at approximately $42,300, reflecting a 3.7% increase from the preceding week.</p><p><img src="https://watcher.guru/news/wp-content/uploads/2023/12/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-1024x684.jpg" alt="" srcset="https://watcher.guru/news/wp-content/uploads/2023/12/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-1024x684.jpg 1024w, https://watcher.guru/news/wp-content/uploads/2023/12/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-300x200.jpg 300w, https://watcher.guru/news/wp-content/uploads/2023/12/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-768x513.jpg 768w, https://watcher.guru/news/wp-content/uploads/2023/12/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-1536x1026.jpg 1536w, https://watcher.guru/news/wp-content/uploads/2023/12/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-380x254.jpg 380w, https://watcher.guru/news/wp-content/uploads/2023/12/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-550x367.jpg 550w, https://watcher.guru/news/wp-content/uploads/2023/12/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-800x534.jpg 800w, https://watcher.guru/news/wp-content/uploads/2023/12/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-1160x775.jpg 1160w, https://watcher.guru/news/wp-content/uploads/2023/12/andre-francois-mckenzie-iGYiBhdNTpE-unsplash.jpg 1920w" sizes="100vw"></p><p><a href="https://watcher.guru/news/conio-teams-up-with-coinbase-to-bring-crypto-to-banks"><strong>Also Read: Conio Teams Up With Coinbase to Bring Crypto to Banks</strong></a></p><h4>Solana (SOL)</h4><p>Solana, positioned as a blockchain infrastructure catering to modern Internet applications, has garnered considerable attention within the cryptocurrency sphere. Leveraging the Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms, Solana achieves heightened throughput. It even promises seamless scalability. Boasting transaction fees as low as $0.0002, Solana emerges as an appealing option for both developers and users. Recently, the crypto has experienced a surge. It established itself as a leading performer in the altcoin market alongside Cardano and Avalanche, both witnessing weekly surges exceeding 40%.</p><p><img src="https://watcher.guru/news/wp-content/uploads/2023/12/shubham-s-web3-uNP6X3Ec9jk-unsplash-1024x576.jpg" alt="" srcset="https://watcher.guru/news/wp-content/uploads/2023/12/shubham-s-web3-uNP6X3Ec9jk-unsplash-1024x576.jpg 1024w, https://watcher.guru/news/wp-content/uploads/2023/12/shubham-s-web3-uNP6X3Ec9jk-unsplash-300x169.jpg 300w, https://watcher.guru/news/wp-content/uploads/2023/12/shubham-s-web3-uNP6X3Ec9jk-unsplash-768x432.jpg 768w, https://watcher.guru/news/wp-content/uploads/2023/12/shubham-s-web3-uNP6X3Ec9jk-unsplash-1536x864.jpg 1536w, https://watcher.guru/news/wp-content/uploads/2023/12/shubham-s-web3-uNP6X3Ec9jk-unsplash-380x214.jpg 380w, https://watcher.guru/news/wp-content/uploads/2023/12/shubham-s-web3-uNP6X3Ec9jk-unsplash-550x309.jpg 550w, https://watcher.guru/news/wp-content/uploads/2023/12/shubham-s-web3-uNP6X3Ec9jk-unsplash-800x450.jpg 800w, https://watcher.guru/news/wp-content/uploads/2023/12/shubham-s-web3-uNP6X3Ec9jk-unsplash-1160x653.jpg 1160w, https://watcher.guru/news/wp-content/uploads/2023/12/shubham-s-web3-uNP6X3Ec9jk-unsplash.jpg 1920w" sizes="100vw"></p><p>Furthermore, Solana’s Total Value Locked (TVL) has risen to approximately $670 million as of Dec. 5, based on DefiLlama data. While this figure falls short of the levels observed in late 2021 when SOL’s price peaked at over $250. Its TVL surpassed $10 billion, and Solana remains a formidable contender for future growth.</p><h4>Cardano (ADA)</h4><p>Cardano, a public blockchain platform, has generated buzz with the introduction of AdaSwap, a test version designed to facilitate the development of decentralized finance (DeFi) applications. Operating with an open-source and decentralized framework, Cardano employs PoS for consensus and its native crypto, ADA, for peer-to-peer transactions. Impressively, Cardano has witnessed a notable 59.14% surge in the past week, marking its most substantial weekly gains since August 2021.</p><p><img src="https://watcher.guru/news/wp-content/uploads/2023/12/traxer-f0C1ptuSKhg-unsplash-1024x726.jpg" alt="" srcset="https://watcher.guru/news/wp-content/uploads/2023/12/traxer-f0C1ptuSKhg-unsplash-1024x726.jpg 1024w, https://watcher.guru/news/wp-content/uploads/2023/12/traxer-f0C1ptuSKhg-unsplash-300x213.jpg 300w, https://watcher.guru/news/wp-content/uploads/2023/12/traxer-f0C1ptuSKhg-unsplash-768x544.jpg 768w, https://watcher.guru/news/wp-content/uploads/2023/12/traxer-f0C1ptuSKhg-unsplash-1536x1089.jpg 1536w, https://watcher.guru/news/wp-content/uploads/2023/12/traxer-f0C1ptuSKhg-unsplash-380x269.jpg 380w, https://watcher.guru/news/wp-content/uploads/2023/12/traxer-f0C1ptuSKhg-unsplash-550x390.jpg 550w, https://watcher.guru/news/wp-content/uploads/2023/12/traxer-f0C1ptuSKhg-unsplash-800x567.jpg 800w, https://watcher.guru/news/wp-content/uploads/2023/12/traxer-f0C1ptuSKhg-unsplash-1160x822.jpg 1160w, https://watcher.guru/news/wp-content/uploads/2023/12/traxer-f0C1ptuSKhg-unsplash.jpg 1920w" sizes="100vw"></p><p>The upward trajectory for Cardano, initiated in mid-October, displays no indications of slowing down, positioning the cryptocurrency for its eighth consecutive week of gains. Particularly noteworthy is the ongoing week, witnessing an impressive six consecutive days of positive performance, with Cardano reaching its peak at $0.6448 before a slight pullback.</p><p>As the cryptocurrency market undergoes both volatility and excitement, the highlighted picks for December provide investors with insights into potential opportunities leading up to the new year. Bitcoin’s enduring dominance, Solana’s promising scalability, and Cardano’s recent remarkable gains underscore the diversity and resilience within the cryptocurrency landscape. As we approach 2024, vigilant monitoring of these digital assets could prove advantageous for those navigating the ever-evolving world of cryptocurrencies.</p>

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Top 3 Crypto To Purchase This New Year

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Cardano Price Prediction 2023, 2024, 2025: Will ADA Coin Price Rebound In 2023?

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<p>Cardano (<a href="https://watcher.guru/news/cardano-can-adaswap-improve-adas-decreasing-tvl">ADA</a>) is the most actively developing cryptocurrency asset, according to the&nbsp;crypto analytics portal <a href="https://santiment.net">Santiment</a>. In the last 30 days, GitHub has seen more than 570 noteworthy advancements related to the blockchain. The analytics firm noted that <a href="https://watcher.guru/news/cardano-defi-project-halted-due-to-funding-timeline-issues">ADA</a> saw 18% more development than Polkadot (DOT), the second-ranked project. </p>
<figure></figure><p>Furthermore, Cardano has outperformed Ethereum (ETH) by a whopping 35.5% on the development activity front. Ethereum is currently ranked 5th in the leaderboards. Nonetheless, Ethereum leads the overall number of daily development efforts, followed by Cosmos, while Cardano is in the third position.</p>


<p>According to GitHub, the ADA node, which functions as a sort of aggregator for the rest of the system, receives the majority of daily developer attention and work.</p>
<h3 id="h-cardano-smart-contracts-are-surging-as-well">Cardano smart contracts are surging as well</h3>
<p>There were 3,791 smart contracts on Plutus, ADA&rsquo;s smart contracts platform,&nbsp;as of November 26th. After recording 947 smart contracts on January 1, 2022, the current value indicates an increase of 300%, or by 2,844. </p>
<figure><img decoding="async" width="1024" height="790" src="image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="" sizes=" 1024px) 100vw, 1024px" data-src-img="https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-1024x790.jpg" data-src-webp="https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-1024x790.jpg.webp" data-srcset-webp="https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-1024x790.jpg.webp 1024w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-300x231.jpg.webp 300w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-768x592.jpg.webp 768w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-380x293.jpg.webp 380w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-550x424.jpg.webp 550w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-800x617.jpg.webp 800w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-1160x895.jpg.webp 1160w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM.jpg.webp 1514w" data-srcset-img="https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-1024x790.jpg 1024w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-300x231.jpg 300w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-768x592.jpg 768w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-380x293.jpg 380w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-550x424.jpg 550w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-800x617.jpg 800w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM-1160x895.jpg 1160w, https://watcher.guru/news/wp-content/uploads/2022/12/Screenshot-2022-12-02-at-4.49.10-PM.jpg 1514w" data-eio="j">Source: CryptoGlobe</figure>
<p>Notably, the surge of Cardano smart contracts comes after more network development aimed at improving the feature&rsquo;s usability. The team recently focused on expanding script capability, the Plutus Debugger MVP.</p>
<p>Additionally, Cardano just unveiled its Plutus DApp developer resource page. With the new functionality, developers may learn how to create decentralized applications (DApps) using Plutus smart contracts, while newbies can gain knowledge of decentralized applications (DApps).</p>
<p>It is important to note that since the platform&rsquo;s&nbsp;launch of the Vasil hard fork upgrade on September 22, the number of Cardano smart contracts has significantly&nbsp;increased. The hard fork aims to increase the scalability of the decentralized finance (DeFi) network.</p>
<p>At press time, ADA was <a href="https://www.coingecko.com/en/coins/cardano">trading</a> at $0.315767, down by 0.2% in the last 24 hours. Moreover, the project is <a href="https://watcher.guru/news/is-poor-cardano-poised-to-plummet-down">down</a> by 89.7% from its all-time high of $3.09, attained in September of 2021.</p>




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Cardano Development Activity is way ahead of the Competition

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<p>With the <a href="https://watcher.guru/news/bitcoin-into-deeper-bear-territory-when-btc-might-bottom">bear market </a>taking the front stage, an array of assets succumbed to new lows. The decentralized wing of the crypto-verse wasn&rsquo;t spared either. The Cardano network for instance recorded a major <a href="https://watcher.guru/news/cardano-defi-project-halted-due-to-funding-timeline-issues">plummet</a> since its March high with regard to the total value locked in the DeFi space. </p>
<p>As per data from DeFi Llama, Cardano&rsquo;s total value locked or TVL was at a low of $57.09 million. Back in March 2022, the network&rsquo;s TVL was at a high of $326 million. The bear market-infused plummet pushed the TVL to a low of $50 million earlier this month. </p>
<figure><img decoding="async" width="1024" height="475" src="image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="" sizes=" 1024px) 100vw, 1024px" data-src-img="https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-1024x475.png" data-src-webp="https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-1024x475.png.webp" data-srcset-webp="https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-1024x475.png.webp 1024w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-300x139.png.webp 300w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-768x356.png.webp 768w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-1536x713.png.webp 1536w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-380x176.png.webp 380w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-550x255.png.webp 550w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-800x371.png.webp 800w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-1160x538.png 1160w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM.png.webp 1578w" data-srcset-img="https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-1024x475.png 1024w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-300x139.png 300w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-768x356.png 768w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-1536x713.png 1536w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-380x176.png 380w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-550x255.png 550w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-800x371.png 800w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM-1160x538.png 1160w, https://watcher.guru/news/wp-content/uploads/2022/11/Screenshot-2022-11-29-at-12.00.14-PM.png 1578w" data-eio="j"><a href="https://defillama.com/chain/Cardano?currency=USD">Source</a></figure><p>Prominent decentralized exchange Minswap continued to reign over the market with $27.72 million locked in the space. It should be noted that this value has dropped by 22 percent over the last month. Despite being immensely popular SundaeSwap only had $7,674,734 locked in the space. This platform recorded a 33.84 percent monthly drop. </p>


<p>With a majority of Cardano DEXes recording a major drop, the overall TVL has suffered. However, going forward things could be looking up for the network. </p>
<h3 id="h-a-new-cardano-dex-makes-its-debut">A new Cardano DEX makes its debut </h3>


<p>The crypto-verse witnessed the arrival of several new projects despite the advent of the brutal bears. Similarly, Adaswap launched its testnet back in June this year. Now, the decentralized exchange formulated on the Cardano went live earlier this week. </p>
<figure></figure><p>This platform is expected to bring EVM capabilities into Cardano and similar networks. </p>
<p>Back in March, this platform <a href="https://www.adaswap.com/">managed</a> to raise a whopping $2.6 million in a funding round. Israeli actress Gal Gadot who played the role of Wonder Woman was reportedly one of the investors who poured funds into this Cardano-based project. Speaking about the same she said, </p>
<p><strong>&ldquo;This is an exciting investment opportunity for us in the crypto space.&rdquo;</strong></p>


<p>With celebrities backing this platform, it is expected to garner more attention from the community. As a result, it is speculated that Cardano&rsquo;s TVL could be revamped following this launch. </p>


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