New To Crypto Investing? Buy Snowfall Protocol (SNW), Bitcoin (BTC), and Cardano (ADA) to Diversify Your Investments

Place/Date: – February 2nd, 2023 at 5:20 am UTC · 3 min read Source: Snowfall Protocol As 2023 gets underway and crypto prices continue to surge, now is the perfect time to invest in cryptocurrencies. However, choosing a profitable coin is like picking a needle from a haystack. Still, Bitcoin (BTC) and Cardano (ADA) are favorites in the crypto community. However, Snowfall Protocol (SNW) is a new entrant proven to be the best crypto investment. This article will look into the top three tokens you can buy to diversify your…

ADA-backed algorithmic stablecoin Djed launched on Cardano

Since the fall of the Terra (LUNA) algorithmic-stablecoin in mid-2022, many users in the crypto space have developed a weariness towards that particular asset class. The market for algorithmic stablecoins has dropped 10 times what it was at its all-time high prior to the Terra incident. However, this has not stopped developers on the Cardano network pushed forward with the launch of the ecosystem’s overcollateralized stablecoin. Djed (DJED) launched on the Cardano mainnet on Jan 31. and is pegged to USD and backed by Cardano’s native coin ADA (ADA). It…

Cardano Adds 50,000 New Wallets As ADA Market Cap Surges

The Cardano ecosystem has the potential for further growth. The network has grown tremendously in various sectors, including decentralized finance (DeFi) and nonfungible tokens (NFTs). The blockchain has recorded massive adoption over the past months emerging as the third most active blockchain in development activity. According to data from Cardano Blockchain Insights, this blockchain’s ecosystem has added more than 50,000 new wallets since the beginning of the year. From 3,842,867 recorded on January 1 to 3,894,735 wallets registered as of January 25, a total of 51,868 wallets were added to…

Cardano (ADA) Continues To Shine With 15% Gains In the Last Week

Cardano’s native coin ADA has seen many rallies since the start of this year. The token owes its performance to the improving economic condition in the market and the ongoing developments on the Cardano Network. Over the past seven days, ADA has observed more than a 15% price gain in 7 days and an over 17% 14-day gain. But what are the possible reasons for ADA’s impressive performance? What Is Contributing To ADA’s Price Rally? The hype around the upcoming Djed stablecoin launch, among others, has played a part in…

Cardano (ADA) to Launch Eopsin – a Pythonic Programming Language, Robinhood to Add Dogecoin (DOGE) Support Soon, Snowfall Protocol (SNW) Announces Its Release in February

Place/Date: – January 25th, 2023 at 2:05 pm UTC · 4 min read Source: Snowfall Protocol The cryptocurrency market is in a state of flux as we enter 2023. With new developments and announcements being made on a regular basis, it can be difficult to keep track of the latest happenings in the crypto world. However, three projects that are currently making waves in the crypto community are Cardano (ADA), Dogecoin (DOGE), and Snowfall Protocol (SNW). Cardano (ADA) Introduces Eopsin to Make dApp Development Seamless Cardano (ADA) is making waves…

Cardano (ADA) Appears In Top Trending Crypto List

Weeks have gone by, and the crypto market is still seeing a bullish trend, and the dubbed ‘mini bull run’ for the ongoing market movement is beginning to look more prominent. Altcoins such as Cardano (ADA) have moved significantly in price breaking multiple resistance and climbing higher highs while ignoring a retrace.  In today’s news, ADA has once again proven its potential to be small but mighty as the token appeared in the top trending crypto list on the crypto analytics platform StockTwits, surpassing Bitcoin (BTC), which comes second below…

Cardano Protocol Recovers after More than 50% of Nodes Went Offline

The Cardano outage is not a new occurrence for some of the majority of Layer-1 protocols. The Cardano (ADA) protocol recorded a temporary outage on at least 50% of its nodes over the weekend according to reports from a number of its Stake Pool Operators (SPO). According to an update shared on the official Telegram page of the Cardano SPO, a yet-to-be-identified anomaly was responsible for the outage. Despite the concerns that the outage caused, its impact was not so detrimental as almost all of the nodes recovered automatically. According…

Cardano Network Quickly Recovers After Brief Node Outage

“The real takeaway for me is how impressively resilient the cardano network is. Something took down ~60% of nodes and the network recovered in a few minutes, and continued producing blocks throughout,” Pi Lanningham, chief technology officer of Cardano-based decentralized exchange SundaeSwap, tweeted. Source CardanoNetworkNodeOutagequicklyRecovers CryptoX Portal

Cardano recovers from an outage on 50% relay and block-producing nodes

Cardano stake pool operators (SPO) and users have been reporting at least half of the nodes for the network briefly went offline over the weekend.  According to a Jan. 22 post shared on the Telegram SPO for Input Output Global, the engineering and research in fintech behind the Cardano blockchain, an anomaly caused 50% of Cardano nodes to disconnect and restart.  Last night during the anomaly on the #Cardano network, the entire network did not go down. There was a brief period of degradation. Most nodes impacted had gracefully recovered.…