1. Cardano Blockchain Development Progress

Charles Hoskinson, the founder of Cardano, argues that with the increasing prevalence of deepfakes, there is a risk of compromising the control rights of cryptocurrency holders, among other concerns. He asserts that blockchain technology is necessary to ensure authenticity. Specifically, providing verified information and content becomes crucial. As part of this effort, Cardano creates NFTs during the creation process to offer a chain of evidence, verifying that the device is trustworthy.

2. Metaverse Virtua Project

Let’s talk about Wing Riders, a decentralized exchange (DEX) on the Cardano blockchain. Wing Riders offers a one-stop solution for cryptocurrency swapping, farming, and token acquisition, eliminating intermediaries and enhancing security levels. It provides over 300 cryptocurrency trading pairs, enabling participation in top projects and tokens within the Cardano blockchain. With its web application, users can easily swap assets and engage in farming activities, making it a safer alternative to centralized exchanges.

3. ADA Market Analysis

The price of ADA has recently experienced an approximately 8% increase and reached a consolidation area on the chart. Currently, ADA’s price is in a three-wave corrective pattern and has risen to the 1:1 Fibonacci level. However, while there may be some upside potential, there is also a possibility of a continuing downward trend. Specifically, there is a potential for movement within the range of $38.64 to $39.45. Looking ahead, there could be a transition into a larger ABC structure, indicating a more significant downward inclination. Given the resistance observed in the upward direction, there is a possibility that the current high could serve as a basis for a continuing downward trend.

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https://www.youtube.com/watch?v=YIH6t0meOCg
https://www.youtube.com/watch?v=JKQCSlH2WiM&t=14s
https://www.youtube.com/watch?v=iKX_OK2yEkk