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NewsBTC 2021-12-06 15:27:31

Cardano Deploys First DEX, Why ADA’ s Price Could Receive a Boost



Cardano (ADA) follows the general trend in the crypto market and recorded moderate losses in the past weeks. As of press time, ADA trades at $1,30 with 5.1% and 18.1% losses in the daily and weekly charts respectively. Cardano has been moving heavily to the downside in the past months due to rumors of potential regulatory dangers following an alleged de-listing from crypto exchange e-Toro. The rumors were denied by IOHK’s CEO Charles Hoskinson, but the market seems to have negatively reacted either way. Related Reading | Cardano Project Flickto Surpasses 1.5 Million ADA Staked One Month After Launch However, this network’s fundamentals continue to strengthen as it recently deployed its first decentralized exchange SundaeSwap on the Cardano testnet. This milestone was celebrated by Cardano’s community as the network implemented smart contract capabilities with three Hard Fork combinator events, part of its Alonzo era. The team behind SundaeSwap celebrated the launch via its official Twitter handle and invited the Cardano community to use participate in the DEX’s testnet. In that way, the team can find and fix bugs related to the platform. In order to participate, users need to complete a form. This process was already used to find a critical bug, as the team reported via Twitter: Might have to rebrand to MondaeSwap… In all seriousness, we’ve found a bug with our scoopers renewing scooper licenses. We are ...

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