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The Cardano (ADA) blockchain is distinguished and advanced and established in 2017. It is a public and decentralized proof-of-stake blockchain that was created by Charles Hoskinson, co-founder of Ethereum.
This blockchain has undoubtedly piqued the interest of a vast audience all over the world. However, it seems to be getting more prominence as a significant increase in the number of new projects and wallets has been noted.
Some positive developments have taken place on the Cardano blockchain, which is also anticipated to positively impact the price of ADA.
The ADA token is also noticeably moving in a good direction after experiencing a downward momentum over the last weeks. It is now trading at $0.945 (at the time of writing).
Here is a graph by CoinMarketCap that shows the price movement of ADA over the last 24 hours.
If you are also interested in buying the ADA token, make sure you opt for one of the best crypto exchanges to buy Cardano.
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Activities on the Cardano Blockchain
As mentioned earlier, the Cardano blockchain has seen some significant and positive developments recently.
The number of ADA wallets has increased by 100,000 since March 22. As of April 19, the total number of ADA wallets has been noted to be at 3.268 million.
However, that’s not all. There are nearly 900 new projects in development on the Cardano blockchain, which has raised everyone’s interest in the blockchain even more. Approximately 400 new projects have been added to the blockchain since early March 2022.
The Cardano creators Input Output Hong Kong (IOHK) also tweeted the good news and highlighted the momentous growth of the blockchain.
IOHK also shed light on some of the most outstanding projects on the blockchain over the last 10 days, ranging from token swaps to DeFi applications. These projects have gone live on the mainnet, entered testnets, or have been launched through open beta.
AGIX ERC-20 Converter Bride developed in collaboration with SingularityNET is one of the most prominent Cardano blockchain projects at the moment.
The increase in the number of ADA wallets, on the other hand, is an area of substantial growth as well. Even though the transactions per day have slightly decreased, the rate of new ADA wallets per day has increased from 2,000 to 8,129.
If you are also interested in buying ADA make sure you keep a track of Cardano price prediction and know when to invest.
Helpful Details New Crypto Investors Should Know
The ADA token is one of the most popular altcoins in the market and has caught the eye of a large audience. It has seen some drastic ups and downs in its price over the past year, which means it is not immune to price fluctuations.
The price of every cryptocurrency is impacted by various global, political and other factors, which is why the crypto space is known to be volatile and unpredictable.
Therefore, people who are new to the crypto space and want to know how to buy crypto should be familiar with some helpful tips.
- Keep an eye on the price movement of the digital asset you want to buy
- Start by investing as much as you can afford to lose
- Choose an exchange that is secure and suits your needs the most
As a novice crypto investor, if you are looking to purchase ADA, BTC, or ETH, you can click on SwissBorg or Kraken (U.S. citizens).
[kraken]
