A revolutionary new token that earns you ADA reflections just for holding. On each transaction 10% is distributed between all holders as CARDANO every 60 minutes dependant on volume.

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<div id="content"><div><div><div id="primary"><div><div><div><p><span>Cardano&rsquo;s price has been growing in recent weeks while the rest of the cryptocurrency market has been falling. This trend has encouraged some in the crypto community to be optimistic about its future price and make it a bright light among digital coins and tokens.</span></p><p><span>According to the most recent predictions made using CoinMarketCap&rsquo;s </span><a rel="nofollow noopener" target="_blank" href="https://coinmarketcap.com/currencies/cardano/price-estimates/"><span>Market Estimation</span></a><span> tool, which allows users to make crypto price predictions and check their average score, the community expects this crypto to trade at roughly $1 by the end of June.</span></p><p><span>&nbsp;&nbsp;</span><b><i>&nbsp;&nbsp;Related Reading | </i></b><a rel="nofollow noopener" target="_blank" href="https://www.newsbtc.com/crypto/crypto-analyst-says-cardano-avalanche-and-two-others-have-potential-to-perform-well-in-bear-trend/"><b><i>Crypto Analyst Says Cardano, Avalanche and Two Others Have Potential To Perform Well In Bear Trend&nbsp;</i></b></a></p><h2>CoinMarketCap Price Estimation Pool Figures</h2><p><span>Cardano hit a price of $0.4 on May 12 and then quickly reversed to $0.59 on May 13. The price then gradually dropped to $0.44 over the next few weeks. The price was still 10% higher than the low before, but we could call this a test of the bottom. ADA surged almost 50% since the test happened.</span></p><p><span>ADA price estimates show an average price of $1.034 on June 30, 2022, which is $0.423 up from the current price or a 69.23% increase. As per the data obtained on May 31 from the analytics portal CoinMarketCap, Cardano was trading at $0.6698, a gain of 28.77% on the day and a gain of 29.10% compared to seven days earlier.</span></p><figure id="attachment_492046" aria-describedby="caption-attachment-492046"><img loading="lazy" src="https://www.newsbtc.com/wp-content/uploads/2022/06/ADAUSD_2022-06-02_20-22-24-460x245.png" alt="ADA Price Chart" width="573" height="305" srcset="https://www.newsbtc.com/wp-content/uploads/2022/06/ADAUSD_2022-06-02_20-22-24-460x245.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/06/ADAUSD_2022-06-02_20-22-24-860x457.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/06/ADAUSD_2022-06-02_20-22-24-768x408.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/06/ADAUSD_2022-06-02_20-22-24-750x399.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/06/ADAUSD_2022-06-02_20-22-24.png 1012w" sizes=" 573px) 100vw, 573px">ADA is currently trading at $0.59 | Source: ADA/USD price chart from <a rel="nofollow noopener" target="_blank" href="https://www.tradingview.com/chart/?symbol=BITSTAMP%3ABTCUSD">Tradingview.com</a></figure><p><span>According to the poll, there are about 24,430 people who have voted on May 30. 15,911 votes predicted that the price of ADA will rise relatively less by July 31- to $0.9399.</span></p><p><span>Meanwhile, under statistics acquired on May 31 from </span><a rel="nofollow noopener" target="_blank" href="https://datastudio.google.com/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/p_wxcw6g0irc"><span>Cardano Blockchain Insights</span></a><span>, Cardano is back to having close to $500 million in its treasury or exactly $498,403,802.47. Through a voting procedure, the Cardano treasury is utilized to provide funds for the development of Cardano activities.</span></p><h2><span>Other Cardano Developments</span></h2><p><span>Like the hardfork approaches, other developments include the average Cardano blockchain load lasting reasonably high, at 64% on average in May. This implies that roughly 64% of blocks were utilized during this month.</span></p><p><span>In other good news for the chain, in the month leading up to May 20, it gained more than 2,000 new wallets every day, for a total of 70,211 between April 19 and May 19. According to data from Cardano Blockchain Insights, it had 3,357,509 user&rsquo;s wallets as of May 30.&nbsp;</span></p><p><span>&nbsp;&nbsp;</span><b><i>&nbsp;&nbsp;Related Reading | </i></b><a rel="nofollow noopener" target="_blank" href="https://www.newsbtc.com/analysis/btc/bitcoin-price-resumes-decline-30k/"><b><i>TA: Bitcoin Price Resumes Decline, Can The Bulls Save This Support</i></b></a></p><p><span>In addition, the successful introduction of ADACash gives Cardano a boost. On the other hand, developers aren&rsquo;t slowing down when it comes to new ADA-USD projects. They market these projects as a third-generation blockchain after Bitcoin and Ethereum.</span></p><p>Cardano is working on new projects, such as a marketplace for NFTs and a DeFi transaction exchange. These projects will take time to launch, but they demonstrate the value and capability of the Cardano blockchain. Which could lead to future growth in the ADA/USD price.</p>              Featured image from Pixabay, and chart from Tradingview.com</div><p>Source: https://www.newsbtc.com/news/cardano/crypto-community-at-coinmarketcap-predicts-1-cardano-by-june-30/</p></div></div><h2>Post navigation</h2></div></div></div></div>


BitcoinEthereumNews

Crypto Community At CoinMarketCap Predicts $1 Cardano By June 30

<div><p><strong>Cardano</strong>&nbsp;<a target="_blank" href="https://www.fool.ca/company/crypto-ada-cardano/332476/" data-is-tickerizer-link="true" rel="noopener">(CRYPTO:ADA)</a> is definitely among the many most compelling <a target="_blank" href="https://www.fool.ca/investing/how-to-invest-in-cryptocurrency-in-canada/" rel="noopener">cryptocurrencies</a> out there for buyers to contemplate. This blockchain community is one many buyers consider as a cross between <strong>Ethereum </strong>and <strong>Bitcoin</strong>. That&rsquo;s as a result of Cardano&rsquo;s method to sustainability, scalability, and interoperability encompasses one of the best of each platforms.</p><p>Cardano&rsquo;s energy is in its scientific and educational method, relative to its crypto friends. The Cardano Basis is supported by among the most spectacular mind energy within the crypto world. And this community&rsquo;s imaginative and prescient for the long run is one many buyers can get behind.</p><p>Let&rsquo;s dive into three explanation why Cardano is trying engaging relative to its friends proper now.</p><h2><strong>Partnership with EMURGO</strong></h2><p>On Jan. 17, Cardano introduced a collaboration with EMURGO to facilitate the technology of a community-developed and maintained device stack. The purpose of this announcement was to enhance Cardano&rsquo;s ecosystem by way of accelerating the event of decentralized purposes on this community.</p><p>EMURGO seems to be a key participant within the growth of infrastructure parts &mdash; one thing that Cardano ought to profit from. As updates proceed, so too will the vary of prospects for builders seeking to construct on the Cardano community. The hope is that extra instruments for builders will imply extra third-party growth on the earth of good contracts on the blockchain.</p><h2><strong>Hydra improve</strong></h2><p>Talking of updates, IOHK (Enter Output Hong Kong), the staff behind the Cardano challenge, introduced that it was making a layer-two improve for the crypto&rsquo;s blockchain. This comes after Cardano&rsquo;s mainnet witnessed an replace. This replace named &ldquo;Hydra&rdquo; is being developed by way of the Alonzo laborious fork to boost elements of storage and scalability.</p><p>This&nbsp;layer-two scalability answer will provide extra environment friendly means to course of transactions off-chain for customers. On the similar time, it will likely be utilizing the primary chain as a safe settlement layer. The Hydra improve can lower the entry barrier for purchasers who need to develop issues on the ADA community purposes or wallets.</p><p>Enter Output Hong Kong additionally acknowledged that the completion of transactions on the blockchain may take fewer than one second due to this improve.</p><h2 id="h-significant-achievements"><strong>Vital achievements</strong></h2><p>Certainly, Cardano hit a number of key milestones a number of weeks again. ADA-USD surpassed the 20 million transaction mark with zero downtime in additional than 1,500 days of operation. Moreover, it was not too long ago reported that there are actually a couple of million digital wallets throughout the globe that holds Cardano.</p><p>Each these important achievements helped value restoration from Cardano&rsquo;s autumn selloff. Moreover, the launch of ADACash proved to be important for this crypto. This challenge noticed greater than 10,000 holders participate, driving Cardano demand additional.</p><h2><strong>Backside line</strong> <strong>on Cardano</strong></h2><p>Certainly, Cardano is an attention-grabbing crypto challenge to observe. These bullish on the DeFi house might want to check out this community. Over time, ought to crypto proceed to develop in significance, Cardano could possibly be a frontrunner in taking crypto to the following degree.</p><p><a target="_blank" href="https://coinmarketcap.com/currencies/cardano/" rel="noopener">Down approximately 75%</a> from its peak, Cardano is a token that could be price a glance proper now.</p></div>


Cryptobuzz

3 Reasons Why Cardano Is Looking Attractive Right Now

<div> <p><a href="https://thecoinrise.com/wp-content/uploads/2021/12/Cardano-has-definitely-been-forging-a-name-for-itself-as-the-ever-ready-network-that-has-the-capabilities-of-supporting-numerous-dApps.png" data-caption=""><img width="696" height="392" sizes=" 696px) 100vw, 696px" alt="" title="Cardano has definitely been forging a name for itself as the ever-ready network that has the capabilities of supporting numerous (dApps)" nitro-lazy-srcset="https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-8805880/wp-content/uploads/2021/12/Cardano-has-definitely-been-forging-a-name-for-itself-as-the-ever-ready-network-that-has-the-capabilities-of-supporting-numerous-dApps-696x392.png 696w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-8805880/wp-content/uploads/2021/12/Cardano-has-definitely-been-forging-a-name-for-itself-as-the-ever-ready-network-that-has-the-capabilities-of-supporting-numerous-dApps-300x169.png 300w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-8805880/wp-content/uploads/2021/12/Cardano-has-definitely-been-forging-a-name-for-itself-as-the-ever-ready-network-that-has-the-capabilities-of-supporting-numerous-dApps-1024x576.png 1024w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-8805880/wp-content/uploads/2021/12/Cardano-has-definitely-been-forging-a-name-for-itself-as-the-ever-ready-network-that-has-the-capabilities-of-supporting-numerous-dApps-768x432.png 768w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-8805880/wp-content/uploads/2021/12/Cardano-has-definitely-been-forging-a-name-for-itself-as-the-ever-ready-network-that-has-the-capabilities-of-supporting-numerous-dApps-1068x601.png 1068w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-8805880/wp-content/uploads/2021/12/Cardano-has-definitely-been-forging-a-name-for-itself-as-the-ever-ready-network-that-has-the-capabilities-of-supporting-numerous-dApps-747x420.png 747w, https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-8805880/wp-content/uploads/2021/12/Cardano-has-definitely-been-forging-a-name-for-itself-as-the-ever-ready-network-that-has-the-capabilities-of-supporting-numerous-dApps.png 1280w" nitro-lazy-src="https://cdn-dnfif.nitrocdn.com/TVORqOhgYpueFGPSVwaYhDXyTXcFXmNv/assets/static/optimized/rev-8805880/wp-content/uploads/2021/12/Cardano-has-definitely-been-forging-a-name-for-itself-as-the-ever-ready-network-that-has-the-capabilities-of-supporting-numerous-dApps-696x392.png" nitro-lazy-empty id="MTE4OToyMTcz-1" src="image/svg+xml;nitro-empty-id=MTE4OToyMTcz-1;base64,PHN2ZyB2aWV3Qm94PSIwIDAgNjk2IDM5MiIgd2lkdGg9IjY5NiIgaGVpZ2h0PSIzOTIiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyI+PC9zdmc+"></a></p> <p>Even with its price persistently drawing down over the past few weeks, Cardano&rsquo;s Christmas may have come a bit earlier than expected, as the network officially <a href="https://pool.pm/">hit</a> a new milestone of over 1,000,000 wallets, currently staking ADA. Matter of fact, many crypto users are now turning to staking, having realized the underside of trading in the very volatile crypto industry.</p> <p>Meanwhile, ever since September 12th, when smart contracts was launched on the Cardano mainnet, the Cardano blockchain has been gaining so much traction, and in the process, giving users high hopes of becoming the next Ethereum beater.</p> <h2>Cardano Forging A Name For Itself</h2> <p>For a while now, Cardano has definitely been forging a name for itself as the ever-ready network that has the capabilities of supporting numerous decentralized applications (dApps) across different industries like healthcare, education, finance, and many others. And in line with that, Charles Hoskinson has been leading the cardano team on various tours across the globe, penning down deals that are already seeing cardano become the real deal for real use cases in the industries.</p> <p>Another interesting feature of the cardano blockchain is its <a href="https://thecoinrise.com/proof-of-stake-explained-staking-guide/">proof of stake (PoS)</a> consensus algorithm. The PoS affords users the opportunity to stake their coins in support of the blockchain network and also get rewards once their transactions have been confirmed.</p> <p>Furthermore, one of its most successful applications has been the ADACash &mdash; a new token on the Binance Smart Chain (BSC). The ADACash helps users amass ADA, simply by holding. And since its inception just a month ago, the token has already hit a market capitalization of $40 million in less than two weeks boasting of over 10,000 holders.</p> <p>Maybe the figure can be attributed to the app offering 10% ADA rewards for staking, but users are have been putting their earnings back into staking, as ADA continues to establish itself as the undisputed yield generator for the next generation.</p>  </div>


Thecoinrise

Cardano Hits New Milestone With Over 1 Million Wallets Staking ADA

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<p>The price of <strong>Cardano</strong> (CCC:<span><strong>ADA-USD</strong></span>) has been rising while the broader cryptocurrency market continues to fall, making the fledgling asset a lone bright spot among digital coins and tokens.</p>
<p>Source: Grey82 / Shutterstock.com</p>
<p>On the day of this writing, the price of ADA-USD is up 9.5% at $1.24 in the past week. Cardano has been marching higher as larger digital coins such as <strong>Bitcoin</strong> (CCC:<span><strong>BTC-USD</strong></span>) and <strong>Ethereum</strong> (CCC:<span><strong>ETH-USD</strong></span>) fall into bear market territory as they are each more than 30% below their all-time highs reached in mid-November.</p>
<p>To be sure, the price of ADA-USD has also fallen more than 30% over the last two months, but Cardano appears to be rebounding faster than other cryptocurrencies as both Bitcoin and Ethereum face the ominous technical indicator known as a <a target="_blank" href="https://www.investopedia.com/terms/d/deathcross.asp#:~:text=The%20death%20cross%20is%20a,and%20200%2Dday%20moving%20averages." rel="noopener nofollow">&ldquo;death cross.&rdquo;</a> ADA-USD is up about 300% over the last 12-months. So, what is the catalyst leading Cardano to rebound?</p>
<h3>Milestones and New Projects</h3>
<p>The catalyst for Cardano right now appears to be the fact that the cryptocurrency has hit several key milestones in recent weeks. ADA-USD has exceeded the 20 million transaction mark with no downtime in over 1,500 days of operation. And Cardano is also now held in more than one million digital wallets worldwide.</p>
<p>Both of these achievements are significant and have helped the price recover from its autumn selloff. Also key has been the <a target="_blank" href="https://ca.finance.yahoo.com/news/adacash-today-announced-progress-cryptocurrency-195100120.html" rel="noopener nofollow">launch of the rewards token</a> <strong>ADACash</strong> (CCC:<span><strong>ADACASH-USD</strong></span>) last month, which reached a market capitalization of $30 million and more than 10,000 holders less than a month after its debut.</p>
<p>The successful launch of ADACash provides momentum to Cardano. However, developers are not stopping when it comes to new projects related to the ADA-USD blockchain, which is billed as a third generation blockchain after Bitcoin and Ethereum.</p>
<p>Developers are coming up with new projects that include a non fungible token <a target="_blank" href="https://developers.cardano.org/docs/native-tokens/minting-nfts/" rel="noopener nofollow">(NFT) marketplace</a> and an exchange for decentralized finance (DeFi) transactions. While these projects will take time to come to market, they underscore the utility and functionality of the Cardano blockchain and position ADA-USD for future growth.</p>
<h3>Hydra Upgrade</h3>
<p>An additional upcoming catalyst for Cardano is the &ldquo;Hydra&rdquo; upgrade that is expected to take place later this year and will dramatically improve the processing time for transactions on the ADA-USD blockchain. The faster speeds will make Cardano even more useful when it comes to decentralized finance, as well as smart contracts.</p>
<p>It&rsquo;s important to note that Cardano operates on a &ldquo;proof of stake&rdquo; concept that is much more energy efficient and better for the environment than the &ldquo;proof of work&rdquo; concept that Bitcoin and Ethereum run on. The high rate of energy consumption is a major knock on most other cryptocurrencies and the sector in general.</p>
<p>Another unique feature of Cardano is that the cryptocurrency has a dedicated team of developers behind it led by former Ethereum mastermind Charles Hoskinson, and any upgrades to ADA-USD&rsquo;s network are <a target="_blank" href="https://medium.com/chainrock/cardano-peer-reviewed-blockchain-for-the-thrid-generation-analysis-review-8c697a619bce" rel="noopener nofollow">peer reviewed</a> before they are implemented. This combination of rigor and environmental sustainability makes Cardano the ideal digital asset for socially conscious investors.</p>
<p>Going forward, the prominence of ADA-USD is only expected to grow. Some analysts have even forecast that Cardano will eventually surpass Ethereum as the leading blockchain technology for decentralized finance and smart contracts, as well as NFTs.</p>
<h3>Bet on Cardano&rsquo;s Future</h3>
<p>Cardano has a lot working in its favor and its price is responding. Many people who intimately understand the world of digital coins and tokens see ADA-USD as the future of the sector and expect it to eventually rival and ultimately <a target="_blank" href="https://www.gfinityesports.com/cryptocurrency/ethereum-killer-cardano-solana-polkadot-replace-eth/" rel="noopener nofollow">replace larger cryptos</a> such as Ethereum and Bitcoin.</p>
<p>Cardano is where cryptocurrencies are headed&ndash;not where they have been. The fact that ADA-USD is more energy efficient and superior when it comes to facilitating DeFi transactions and smart contracts makes it one of the more useful digital tokens, and an attractive option for investors who want exposure to cryptocurrencies that haven&rsquo;t run up to exorbitant prices.</p>
<p>While all cryptocurrencies are risky investments, Cardano is worth a small position. ADA-USD is a buy.</p>
<p><span><i>On the date of publication, Joel Baglole </i></span><i>did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;<em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;Publishing Guidelines</em><em>.</em></i></p>
<p><em data-renderer-mark="true">Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street&nbsp;Journal, and&nbsp;has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.&#8239;</em></p>
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