1. Cardano Blockchain Development Progress

It has been reported that Cardano’s JED stablecoin is expanding to multiple chains. Additionally, a world-wide workshop was held to correspond to the proposal for Cardano’s new era, and Cardano’s Hydra scaling solution has been launched on the mainnet. However, it seems that developers have revealed that Cardano Hydra cannot process one million transactions per second. On Cardano’s blockchain, there are increasing real-world use cases such as solutions to verify the quality and authenticity of Georgian wine.

2. Metaverse Virtua Project

We have news from the Virtua project! Currently, the talk of the town is the loyalty program for Prestige Community members. Depending on the different levels such as Platinum, Prestige, Gold, Silver, Bronze, rewards are given based on the staking period. Over the past week, we have been providing great rewards such as statues, medals, and paints as a token of appreciation to our loyal Prestige users!

3. ADA Market Analysis

Aneta BTC has announced new capabilities for their wrapped Bitcoin (CBTC) on the Cardano ecosystem, making Bitcoin’s value available on Ergo and Cardano. With this new feature, CBTC can now be used for everyday transactions, traded on decentralized exchanges, and secured loans. However, the price of ADA has been showing a downward trend, with supply and demand imbalances analyzed as the cause. Additionally, based on the Elliott Wave Theory, there is a prediction that the price of ADA may show a potential zigzag pattern in the near future.

Quoted URL

https://www.youtube.com/watch?v=XKX6BWa_9ME
https://www.youtube.com/watch?v=l5XdST4eE2o&list=PLc1cHcp6dLXJrDAqOryMCAwPX3R8iNKM_
https://www.youtube.com/watch?v=eESdUQQ0ePw