• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$20,782.00-2.24%
    BITCOIN
    24H : -2.24%
    Volume : $17,955,110,341.00
    Marketcap : $396,632,194,112.00
  • ethereumEthereum(ETH)$1,187.46-2.93%
    ETHEREUM
    24H : -2.93%
    Volume : $12,171,603,022.00
    Marketcap : $144,027,150,882.00
  • binancecoinBNB(BNB)$233.84-2.10%
    BNB
    24H : -2.10%
    Volume : $738,471,205.00
    Marketcap : $38,312,046,213.00
  • rippleXRP(XRP)$0.347-4.28%
    XRP
    24H : -4.28%
    Volume : $978,336,884.00
    Marketcap : $16,757,416,933.00
  • cardanoCardano(ADA)$0.485-3.61%
    CARDANO
    24H : -3.61%
    Volume : $691,196,993.00
    Marketcap : $16,416,750,129.00
  • solanaSolana(SOL)$37.80-6.77%
    SOLANA
    24H : -6.77%
    Volume : $1,129,098,979.00
    Marketcap : $13,008,630,900.00
  • dogecoinDogecoin(DOGE)$0.071-7.36%
    DOGECOIN
    24H : -7.36%
    Volume : $733,782,821.00
    Marketcap : $9,409,292,222.00
  • polkadotPolkadot(DOT)$7.62-4.85%
    POLKADOT
    24H : -4.85%
    Volume : $258,590,185.00
    Marketcap : $8,586,221,662.00
  • shiba-inuShiba Inu(SHIB)$0.000011-6.39%
    SHIBA INU
    24H : -6.39%
    Volume : $509,989,083.00
    Marketcap : $6,431,942,092.00
  • avalanche-2Avalanche(AVAX)$19.24-5.33%
    AVALANCHE
    24H : -5.33%
    Volume : $397,517,655.00
    Marketcap : $5,427,580,066.00
  • terra-lunaTerra(LUNA)$0.000071-5.71%
    TERRA
    24H : -5.71%
    Volume : $134,734,814.00
    Marketcap : $768,841,921.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Cardano price spikes by 11% in 24 hours; here’s what might be fueling it


January 16, 2022 · By Dominic
Cardano (ADA)

Cardano is up by an impressive 11% in the last 24 hours, with a price of $1.41 at press time. As the price sees a positive spike, there is a close to +30% on its DeFi Total Value Locked (TVL) over the same period.

The positive sentiment could be due to a combination of factors with new launches being a crucial addition to the network.

SundaeSwap, a Cardano-based decentralized exchange (DEX), has announced that the mainnet launch will take place on 20 January. In December, IOHK chief Charles Hoskinson had said that DEX launches are imminent over the next few weeks on Cardano in some capacity on the mainnet. Currently, MuesliSwap is the first and only DEX operating on the Cardano ecosystem on DeFillama.

📢The moment we've all been waiting for has finally come!

We're excited and proud to share that SundaeSwap and the ISO will be launching on the evening of Thursday, January 20th (EST)! 🍨

Check out the article below! 👇https://t.co/8oDYU6i3k9 pic.twitter.com/upgNZx2xH2

— SundaeSwap Labs 🍨 (@SundaeSwap) January 15, 2022

Along with that, VyFinance (VYFI), another DeFi protocol made its debut on the network. It is a protocol that aims to bring Neural Net AutoHarvesting & KYC-less Hedge Fund Staking to Cardano.

Now tracking @VyFiOfficial on @CardanoStiftung

VyFinance is a DeFi protocol bringing Neural Net AutoHarvesting & KYC-less Hedge Fund Staking to Cardano.https://t.co/Lo0asc23CN pic.twitter.com/IgAr2LQA2E

— DefiLlama.com (@DefiLlama) January 15, 2022

With that, we should also note that Pavia.io has also officially launched On Cardano as the first Metaverse after NFTs have gained traction on the blockchain. Comparing it to the metaverse OGs, the company noted, 

“Hot on the heels of projects like Decentraland and the Sandbox Game on Ethereum, the Metaverse comes to the Cardano blockchain in the form of Pavia.io.”

Having said that, Cardano announced that it still aims to address “classic” issues of scalability, security, and decentralization in 2022.

2022:  Year of Cardano?

With the brand new journey of “smart” Cardano, IOHK noted in its recent blog post, 

”Parameter adjustments, improvements, enhancements, and other innovations will all play their part in steadily increasing Cardano’s capacity & throughput during 2022.”

The chain has put together a list of on-chain and off-chain solutions that Cardano will focus on in the year ahead. It will include increasing the block size to verify more transactions over time. Cardano is also focusing on Plutus script enhancements that form the basis of dApps. IOHK noted,

“With initial Plutus capability now deployed, we continue to evolve the expressiveness of the Plutus language and the overall proposition, in collaboration with a growing community of developers.”

With that, Hoskinson has reiterated that more Cardano dApps are on the way this quarter.

Source: AMBcrypto

Primary Sidebar

LATEST NEWS

Anonymous hacker group threatens to expose Terra LUNA founder Do Kwon’s crimes

June 27, 2022

Ethereum whales have intensified their accumulation of MATIC in the past week

June 26, 2022

Cardano launches EVM sidechain application for developers to facilitate network interoperability

June 25, 2022

Charles Hoskinson proposed software-enabled crypto self-regulation to the US Congress committee

June 24, 2022

The cryptocurrency market has seen inflows of $100 billion since Bitcoin fell below $18,000

June 23, 2022

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • SEC Chair Gary Gensler says Bitcoin is the only cryptocurrency he recognizes as a commodity June 27, 2022
  • Anonymous hacker group threatens to expose Terra LUNA founder Do Kwon’s crimes June 27, 2022
  • Ethereum whales have intensified their accumulation of MATIC in the past week June 26, 2022

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Cosmos (ATOM) COTI (COTI) Decentraland (MANA) DeFi Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2022 · Today in Crypto · Terms & Privacy · Log in