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The Cardanos

<div><div><div>Though <a target="_blank" href="https://newsbtc.com/news/cardano/cardano-ada-up-nearly-20/">Cardano</a> (ADA) has been gaining traction for a while, the recent accumulated momentum has garnered active buys as data shows the rising accumulation of ADA. ADA’s movement to the upside since last December totaled 30%, as new whales have been reported to be holding at least 1 million ADA tokens in these past few weeks amid the mini bull run.Regardless of the bear market, Cardano has proved to be a token worth holding both with its utilities and the recent positive news that includes the rapidly growing DeFi and NFT ecosystem of the Cardano Blockchain. Late last year, ADA gained traction and purchases from whales. According to crypto analytics platform Santiment, ADA has jumped an impressive 30% in its value since December 30th. <figure><img src="https://i0.wp.com/newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-460x299.jpg" alt="Santiment Stats On Cardano (ADA)" srcset="https://i0.wp.com/newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-460x299.jpg 460w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-860x560.jpg 860w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-768x500.jpg 768w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-750x488.jpg 750w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-1140x742.jpg 1140w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA.jpg 1280w" /><figcaption>Cardano (ADA) up by 30% since December as whales accumulate | Source: <a target="_blank" href="https://twitter.com/santimentfeed/status/1612559541220315143?s=46&amp;t=TY_TGkXBc36gcOL74PKtRw">Santiment</a></figcaption></figure>Twenty-eight new whale addresses holding at least 1 million<a target="_blank" href="https://newsbtc.com/analysis/ada/cardano-whales-start-2023-with-accumulation/"> ADA</a> have appeared on the Cardano blockchain since the price surge began, indicating an aggressive asset accumulation from large investors. In addition, Santiment mentioned that alongside the token’s upward rally, ADA trading volume and amount of large whale transactions hit 2-month high crushing levels last seen in November. Notably, ADA has been down by nearly 90% from its all-time high of $3.09. This recent accumulation resulting in a rally in its price could be what the token needs to recover. In the last 7 days alone, ADA has been up by 25%.Alongside the whole<a target="_blank" href="https://newsbtc.com/analysis/btc/bitcoin-price-struggles-above-17k/"> crypto market</a>, ADA has taken advantage of the mini bull run and followed suit in the right direction. Among the largest crypto by market cap, ADA is still the only one making significantly higher highs, following <a target="_blank" href="https://newsbtc.com/news/solana-up-45-in-last-week/">Solana</a> (SOL), which had already gained 43% in the past 7 days. <h2>Cardano’s Anticipated Catalyst </h2>While there is still no apparent reason behind the recent active accumulation of ADA, it’s worth noting that the blockchain itself has got big announcements it’s working on, which could be an enticing catalyst enough to attract large investors to buy up the digital asset.On the main stage at the CardanoSummit2022, the CEO of COTI, Shahaf Bar-Geffen, announced that <a target="_blank" href="https://newsbtc.com/news/cardano/cardano-sentiment-ada-become-top-3-coin/">Cardano</a> is set to Launch an over-collateralized stablecoin which will go live on Mainnet later this month. Historically, the launch of stablecoins always ends up being a good enough catalyst or an appealing use case that often results in a significant surge in inflows as it causes on-ramps and off-ramps of funds that keep users within the ecosystem.Following its spike in accumulation, Cardano decentralized applications have also been seeing a spike in the number of unique accounts. DApps like Genius Yield have so far gained 2,810% growth in unique accounts in the last 5 days. All of these indicate a steady increase in Cardano adoption and decentralized finance activity.<figure><img src="https://i3.wp.com/www.tradingview.com/x/xAOh7jxy/" alt="ADA price chart on TradingView" /><figcaption>ADA price is moving sideways on the 4-hour chart. Source: ADA/USDT on <a target="_blank" href="https://www.tradingview.com/chart/1ig5lzU2/?symbol=FX%3AGBPUSD">TradingView.com</a></figcaption></figure>Meanwhile, at the time of writing, ADA is continuing in an uptrend, up by almost 1% in the past 24 hours with a trading price of 0.3180 and a 24-hour trading volume exceeding $500 million.Featured image from Bitcoinist, chart from TradingView.com</div>Source: https://newsbtc.com/news/cardano/cardano-up-30-since-december/</div><h2>Post navigation</h2></div>

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Cardano Up 30% Since December As 28 New Whales Hold At least 1 Million ADA - BitcoinEthereumNews.com

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Though <a target="_blank" href="https://newsbtc.com/news/cardano/cardano-ada-up-nearly-20/">Cardano</a> (<a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a>) has been gaining traction for a while, the recent accumulated momentum has garnered active buys as data shows the rising accumulation of <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a>. <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a>’s movement to the upside since last December totaled 30%, as new whales have been reported to be holding at least 1 million <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a> tokens in these past few weeks amid the mini bull run.
Regardless of the bear market, <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">Cardano</a> has proved to be a token worth holding both with its utilities and the recent positive news that includes the rapidly growing DeFi and NFT ecosystem of the <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">Cardano</a> Blockchain. 
<h2>Cardano Rally Since December </h2>
Late last year, <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a> gained traction and purchases from whales. According to crypto analytics platform Santiment, <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a> has jumped an impressive 30% in its value since December 30th. 
<figure><img src="https://i0.wp.com/newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-460x299.jpg?resize=460%2C299&amp;ssl=1" alt="Santiment Stats On Cardano (ADA)" srcset="https://i0.wp.com/newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-460x299.jpg?resize=460%2C299&amp;ssl=1 460w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-860x560.jpg 860w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-768x500.jpg 768w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-750x488.jpg 750w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-1140x742.jpg 1140w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA.jpg 1280w" /><figcaption><a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">Cardano</a> (<a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a>) up by 30% since December as whales accumulate | Source: <a href="https://twitter.com/santimentfeed/status/1612559541220315143?s=46&amp;t=TY_TGkXBc36gcOL74PKtRw" target="_blank">Santiment</a></figcaption></figure>
Twenty-eight new whale addresses holding at least 1 million<a target="_blank" href="https://newsbtc.com/analysis/ada/cardano-whales-start-2023-with-accumulation/"> ADA</a> have appeared on the <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">Cardano</a> blockchain since the price surge began, indicating an aggressive asset accumulation from large investors. 
In addition, Santiment mentioned that alongside the token’s upward rally, <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a> trading volume and amount of large whale transactions hit 2-month high crushing levels last seen in November.  
Notably, <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a> has been down by nearly 90% from its all-time high of $3.09. This recent accumulation resulting in a rally in its price could be what the token needs to recover. In the last 7 days alone, <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a> has been up by 25%.
Alongside the whole<a target="_blank" href="https://newsbtc.com/analysis/btc/bitcoin-price-struggles-above-17k/"> crypto market</a>, <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a> has taken advantage of the mini bull run and followed suit in the right direction. Among the largest crypto by market cap, <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a> is still the only one making significantly higher highs, following <a target="_blank" href="https://newsbtc.com/news/solana-up-45-in-last-week/">Solana</a> (SOL), which had already gained 43% in the past 7 days. 
<h2>Cardano’s Anticipated Catalyst </h2>
While there is still no apparent reason behind the recent active accumulation of <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a>, it’s worth noting that the blockchain itself has got big announcements it’s working on, which could be an enticing catalyst enough to attract large investors to buy up the digital asset.
On the main stage at the CardanoSummit2022, the CEO of COTI, Shahaf Bar-Geffen, announced that <a target="_blank" href="https://newsbtc.com/news/cardano/cardano-sentiment-ada-become-top-3-coin/">Cardano</a> is set to Launch an over-collateralized stablecoin which will go live on Mainnet later this month. 
Historically, the launch of stablecoins always ends up being a good enough catalyst or an appealing use case that often results in a significant surge in inflows as it causes on-ramps and off-ramps of funds that keep users within the ecosystem.
Following its spike in accumulation, <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">Cardano</a> decentralized applications have also been seeing a spike in the number of unique accounts. DApps like Genius Yield have so far gained 2,810% growth in unique accounts in the last 5 days. All of these indicate a steady increase in <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">Cardano</a> adoption and decentralized finance activity.
<figure><img src="https://www.tradingview.com/x/xAOh7jxy/" alt="ADA price chart on TradingView" /><figcaption><a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a> price is moving sideways on the 4-hour chart. Source: <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a>/USDT on <a href="https://www.tradingview.com/chart/1ig5lzU2/?symbol=FX%3AGBPUSD" target="_blank">TradingView.com</a></figcaption></figure>
Meanwhile, at the time of writing, <a target="_blank" title="Cardano" href="https://cryptobreaking.com/go/cardano/">ADA</a> is continuing in an uptrend, up by almost 1% in the past 24 hours with a trading price of 0.3180 and a 24-hour trading volume exceeding $500 million.
Featured image from Bitcoinist, chart from <a target="_blank" title="TradingView" href="https://cryptobreaking.com/go/tradingview/">TradingView</a>.com
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Cardano Up 30% Since December As 28 New Whales Hold At least 1 Million ADA | Crypto Breaking News

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Though <a target="_blank" href="https://newsbtc.com/news/cardano/cardano-ada-up-nearly-20/">Cardano</a> (ADA) has been gaining traction for a while, the recent accumulated momentum has garnered active buys as data shows the rising accumulation of ADA. ADA’s movement to the upside since last December totaled 30%, as new whales have been reported to be holding at least 1 million ADA tokens in these past few weeks amid the mini bull run.
Regardless of the bear market, Cardano has proved to be a token worth holding both with its utilities and the recent positive news that includes the rapidly growing DeFi and NFT ecosystem of the Cardano Blockchain. 
Late last year, ADA gained traction and purchases from whales. According to crypto analytics platform Santiment, ADA has jumped an impressive 30% in its value since December 30th. 
<figure><img src="https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-460x299.jpg" alt="Santiment Stats On Cardano (ADA)" srcset="https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-460x299.jpg 460w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-860x560.jpg 860w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-768x500.jpg 768w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-750x488.jpg 750w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA-1140x742.jpg 1140w, https://newsbtc.com/wp-content/uploads/2023/01/Santiment-stats-on-ADA.jpg 1280w" /><figcaption>Cardano (ADA) up by 30% since December as whales accumulate | Source: <a href="https://twitter.com/santimentfeed/status/1612559541220315143?s=46&amp;t=TY_TGkXBc36gcOL74PKtRw" target="_blank">Santiment</a></figcaption></figure>
Twenty-eight new whale addresses holding at least 1 million<a target="_blank" href="https://newsbtc.com/analysis/ada/cardano-whales-start-2023-with-accumulation/"> ADA</a> have appeared on the Cardano blockchain since the price surge began, indicating an aggressive asset accumulation from large investors. 
In addition, Santiment mentioned that alongside the token’s upward rally, ADA trading volume and amount of large whale transactions hit 2-month high crushing levels last seen in November. 
Notably, ADA has been down by nearly 90% from its all-time high of $3.09. This recent accumulation resulting in a rally in its price could be what the token needs to recover. In the last 7 days alone, ADA has been up by 25%.
Alongside the whole<a target="_blank" href="https://newsbtc.com/analysis/btc/bitcoin-price-struggles-above-17k/"> crypto market</a>, ADA has taken advantage of the mini bull run and followed suit in the right direction. Among the largest crypto by market cap, ADA is still the only one making significantly higher highs, following <a target="_blank" href="https://newsbtc.com/news/solana-up-45-in-last-week/">Solana</a> (SOL), which had already gained 43% in the past 7 days. 
<h2>Cardano’s Anticipated Catalyst </h2>
While there is still no apparent reason behind the recent active accumulation of ADA, it’s worth noting that the blockchain itself has got big announcements it’s working on, which could be an enticing catalyst enough to attract large investors to buy up the digital asset.
On the main stage at the CardanoSummit2022, the CEO of COTI, Shahaf Bar-Geffen, announced that <a target="_blank" href="https://newsbtc.com/news/cardano/cardano-sentiment-ada-become-top-3-coin/">Cardano</a> is set to Launch an over-collateralized stablecoin which will go live on Mainnet later this month. 
Historically, the launch of stablecoins always ends up being a good enough catalyst or an appealing use case that often results in a significant surge in inflows as it causes on-ramps and off-ramps of funds that keep users within the ecosystem.
Following its spike in accumulation, Cardano decentralized applications have also been seeing a spike in the number of unique accounts. DApps like Genius Yield have so far gained 2,810% growth in unique accounts in the last 5 days. All of these indicate a steady increase in Cardano adoption and decentralized finance activity.
<figure><img src="https://www.tradingview.com/x/xAOh7jxy/" alt="ADA price chart on TradingView" /><figcaption>ADA price is moving sideways on the 4-hour chart. Source: ADA/USDT on <a href="https://www.tradingview.com/chart/1ig5lzU2/?symbol=FX%3AGBPUSD" target="_blank">TradingView.com</a></figcaption></figure>
Meanwhile, at the time of writing, ADA is continuing in an uptrend, up by almost 1% in the past 24 hours with a trading price of 0.3180 and a 24-hour trading volume exceeding $500 million.
Featured image from Bitcoinist, chart from TradingView.com
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Cardano Up 30% Since December As 28 New Whales Hold At least 1 Million ADA

Cardano’s stablecoin Djed will be launched on the network’s mainnet in January 2023.COTI, blockchain payments network and issuer of Cardano’s algorithmic stablecoin Djed has announced that the stablecoin will be finally launched on the mainnet in January of 2023 after months of anticipation.COTI highlighted the development through its official Twitter handle, as announced by CEO of the payments network Shahaf Bar-Geffen during the Cardano Summit of 2022 on Monday. This announcement follows the <a href="https://thecryptobasic.com/2022/07/29/cardano-stablecoin-djed-mainnet-deployment-delayed/">disclosure</a> of a delay in the mainnet launch due to the previous Vasil Hard Fork deferment.“As announced by @shahafbg on the main stage at the CardanoSummit2022, we are excited to share that, Djed, Cardano’s over-collateralized stablecoin will go live on Mainnet in January 2023,” COTI noted in a tweet, as it shared a Medium link to the official announcement.As announced by <a href="https://twitter.com/shahafbg?ref_src=twsrc%5Etfw">@shahafbg</a> on the main stage at the <a href="https://twitter.com/hashtag/CardanoSummit2022?src=hash&amp;ref_src=twsrc%5Etfw">#CardanoSummit2022</a>, we are excited to share that, <a href="https://twitter.com/search?q=%24Djed&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Djed</a>, Cardano’s over-collateralized stablecoin will go live on Mainnet in January 2023!Read the full announcement: <a href="https://t.co/IQpSklfuGP">https://t.co/IQpSklfuGP</a><a href="https://twitter.com/InputOutputHK?ref_src=twsrc%5Etfw">@InputOutputHK</a> <a href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw">@Cardano</a> <a href="https://twitter.com/search?q=%24COTI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$COTI</a> <a href="https://t.co/K7NnsIli9x">pic.twitter.com/K7NnsIli9x</a>— COTI (@COTInetwork) <a href="https://twitter.com/COTInetwork/status/1594697378069725185?ref_src=twsrc%5Etfw">November 21, 2022</a>According to the <a href="https://cotinetwork.medium.com/update-from-the-cardano-summit-main-stage-we-have-a-date-58024fdb67ac">announcement</a>, following the success of the full audit of the over-collateralized algorithmic stablecoin, they have fixed January 2023 as the launch date. Additionally, the Cardano Foundation and COTI <a href="https://twitter.com/Cardano_CF/status/1594706143238053896">announced</a> the launch of Djed Pay – a payment platform and cryptocurrency payment gateway that would allow merchants to accept Djed as payment.This disclosure comes barely two months after COTI updated the community on the development efforts regarding Djed, which included moves to update the off-chain code to efficiently handle the Cardano node version 1.35.x on the private test environment.Bar-Geffen highlighted the significance of launching Djed, as he noted the hard work put into making sure the stablecoin was a success, with collaborative efforts from COTI and Input Output Global (IOG) contributing to its development.“Recent market events have proven again that we need a safe haven from volatility, and Djed will serve as this safe haven in the Cardano network. Not only do we need a stablecoin, but we need one that is decentralized, and has on chain proof of reserves,” Bar-Geffen remarked.The announcement reveals that, upon launch, the stablecoin will be integrated with some select partners and decentralized exchanges (DEXs) out of the 40 partnerships formed so far. The DEXs with which Djed will be integrated will provide incentives in the form of rewards to clients who contribute to the stablecoin’s liquidity by utilizing it.<h2>Djed’s Partnerships and Development Timeline</h2>Before its launch, several partnerships were formed about Djed to drive adoption, with The Crypto Basic highlighting a handful. In July, COTI <a href="https://thecryptobasic.com/2022/07/30/coti-engage-five-more-companies-extends-cardano-stablecoin-djed-partnerships/">disclosed</a> five new Djed partnerships following previous ones reported.&nbsp;In August, a partnership with a market maker Cardano DEX WingRiders was <a href="https://thecryptobasic.com/2022/08/17/coti-partners-with-wingriders-to-drive-adoption-for-cardano-stablecoin-djed/">formed</a>. Additionally, a <a href="https://thecryptobasic.com/2022/09/13/cotis-new-partnership-will-allow-cardano-stablecoin-djed-to-be-used-as-a-payment-method-for-nfts/">partnership</a> with the on-chain RPG game Cardano Warriors will allow players to use Djed as a payment means instead of ADA. <a href="https://thecryptobasic.com/2022/10/03/empowa-to-use-cardano-stablecoin-djed-as-a-payment-option-for-real-estate-development/">Empowa</a> and <a href="https://thecryptobasic.com/2022/10/18/cardano-stablecoin-djed-integrated-into-axo-trading-platform/">Axo</a> have also indicated an interest in integrating the stablecoin.<h2>Development goals for Djed</h2>Including the mainnet launch, COTI revealed some development goals for Djed in 2023, which are:<ul><li>Djed 1.1.1: it calls the version the “minimal Djed,” which would feature Vasil Hard Fork compatibility. The version will also be regarded as a beta version with limited liquidity. Liquidity will be increased in subsequent versions.</li><li>Djed 1.2: This version is also dubbed “minimal Djed.” It will stand out from the previous version through its utilization of Vasil features which would introduce a reference script for increased scalability.</li><li>Djed 1.3: This version is the extended Djed version. According to COTI, dynamic fees and prices will be presented with this version. Furthermore, this version will bring features such as staking support which will help contribute to liquidity.</li></ul>Additionally, the COTI team revealed that the stablecoin would receive all the necessary updates and improvements. All the teams involved will work tirelessly to ensure that customers and partners get the best from it.Source: https://thecryptobasic.com/2022/11/21/cardano-stablecoin-djed-launch-date-announced/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=cardano-stablecoin-djed-launch-date-announced

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Cardano Stablecoin Djed Launch Date Announced

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