1. Cardano Blockchain Development Progress
Cardano’s DeFi is experiencing rapid growth, and the stablecoin JED, backed by ADA, is providing new opportunities. JED is leading the style of DeFi where users can transact with each other without the need for banks or intermediaries. It has a track record of 1,240 ongoing projects and $66.3 million in transactions. In addition, the founder of Cardano has proposed a single-issue voting system to counter regulations by the SEC. In Mozambique, where the housing loan interest rate has increased by 22%, Empowa is using NFTs and blockchain technology to modernize the loan system. It is mentioned that Cardano is also working on providing climate-friendly housing in Mozambique and Africa. Finally, there is a mention of the future of Cardano, suggesting that ADA could reach $20 by mid-2023.
2. Metaverse Virtua Project
The review of Virtua’s Quarter 1 and the start of Quarter 2 have taken place, and a loyalty program has been launched for Prestige community members. Rewards are provided based on loyalty, starting from Platinum, Prestige, Gold, Silver, and Bronze. The rewards are diverse, and in the previous week, items such as sculptures, paintings, and medals were distributed. Quarter 2, which is about to begin, is the time for giveaways and will be a period to express gratitude to loyal users.
3. ADA Market Analysis
The total market capitalization of ADA is still smaller compared to Ethereum, but ADA has superior functionality compared to Ethereum and holds long-term growth potential. While the price of ADA is currently on an upward trend, there may be a temporary adjustment period, and significant growth is expected in the long run. The expansion of Cardano’s projects and ecosystem also contributes to the price increase. Caution is advised when investing, but there is high anticipation for the future of ADA.
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https://www.youtube.com/watch?v=761V-CuX3Fc
https://www.youtube.com/watch?v=l5XdST4eE2o&list=PLc1cHcp6dLXJrDAqOryMCAwPX3R8iNKM_
https://www.youtube.com/watch?v=6hR8Sp9eeek
