Cardano-Powered Projects Ardana and Orbis Come to a Halt, but $ADA Community Not Worried

On Thursday (24 November 2022), two Cardano-powered projects — Ardana and Orbis — unexpectedly came to a halt, but this doesn't seem to have dented the enthusiasm, passion, and optimism of the Cardano community presumably due to the rich depth of the ecosystem. The two announcements came or less at the same time.

Timeline of Cardano, Ardana

Cardano (ADA) price action offered some respite to holders as the price broke above the bearish trend line.  The post How Will Cardano (ADA) Price Cope as DeFi and NFT Growth Take a Beating?

Ardana, a decentralized ecosystem that had been working on a Cardano stablecoin, has halted development because of funding and project timeline uncertainty. The post Cardano Stablecoin Ecosystem Ardana Suddenly Halts Development appeared first on BeInCrypto.

Cardano (ADA) News Updates: While the Digital Currency Group (DCG) is in the news for its exposure to FTX, several cryptocurrencies are seeing major changes. Over the last two weeks, most cryptocurrencies including Cardano (ADA) are following a downward curve.

Cardano price analysis reveals the digital asset opened the daily trading session on a bullish note at $0.3133, up from the previous day's close of $0.3050 against the US dollar. The price quickly moved toward the $0.325 resistance level and faced stiff rejection at that point.

After Input Output Global (IOG) announced the launch of the world's first blockchain decentralization index, the builder of the cryptocurrency Cardano (ADA) has informed the public about the new resource section for Plutus DApp developers.

Cardano price has crawled back in the past few days as concerns about the crypto industry remains. ADA was trading at $0.3160 on Wednesday, which was slightly above this week's low of $0.2970.

Cardano will launch its algorithmic stablecoin Djed on January 2023 Cardano's TVL and ADA's price has been on a decline in recent weeks At the Cardano Summit on 21 November, Cardano announced that it would increase the scope of the network's offerings by issuing a stablecoin.

A Cardano-powered algorithmic stablecoin called Djed ($DJED) is set to launch early next year on the smart contract platform's mainnet, according to an announcement developers made at the Cardano Summit in Lausanne, Switzerland. Djed, as CryptoGlobe previously reported, is an algorithmic stablecoin issued by fintech startup COTI Group.

The stablecoin native to the Cardano ($ADA) network has recently been launched along with other synthetic assets via the Indigo Protocol on the cryptocurrency's blockchain. The Indigo Protocol was launched to issue decentralized synthetic assets on Cardano.

The trader known for accurately predicting this year's crypto market collapse is setting downward price targets for a slew of different altcoins in anticipation of another capitulatory event. The pseudonymous trader known as Capo tells his 673,000 Twitter followers that currently, every bump in crypto prices should be treated as an opportunity to sell.