Today, we’ll bring you some of the huge updates and some great pieces of news about Cardano. We’ll also look into it’s recent price updates and the reason why it’s been going up for the last few days. So without lingering on the intro, let’s get right into the huge Cardano updates and why it’s going up.
To start with, we have a poll conducted by Vitalik Buterin, a co-founder of Ethereum. In the poll, he asked the twitter community to vote for a cryptocurrency other than Ethereum, which they prefer 80% of all transactions and savings in the world to be in.
The result of the poll saw ADA win overwhelmingly. Although Bitcoin stands 2nd in the poll, I’ll personally rule it out because Bitcoin is never going to do the things that it needs to do. There’s no way it can possibly catch up with these third generation cryptocurrencies at this point. But at the same time, it is the gold standard.
Then we have the price update for Cardano. Currently, the price of Cardano has been seeing some bullish points over the last few days. And I believe a lot of this is coming down to SundaeSwap, as they’ve announced going live this Thursday. And from the figure below, we can see that Bitcoin (teal) and Ethereum (orange) have been staying pretty flat over the last week.
Cardano, on the other hand, has really started to shoot up. It peaked at around $1.60 and took a slight dip. So overall, we’ve seen a tremendous run on ADA over the last few days.
Another interesting piece of information is about Cardano surpassing Ethereum by transaction volume. Translated into numbers, Ethereum’s daily transaction volume of $5.41 billion was surpassed by Cardano, with $7.02 billion in daily transaction volume.
This is pretty exciting because Cardano only incurs a fraction of Ethereum’s transaction fees, yet it has managed to surpass Eth’s daily transaction volume. We’re talking about only $66,058 in transaction fees paid by Cardano users in the last 24 hours while Ethereum users paid a total of $44.74 million. This means even in higher transaction volume, the cost was only a fraction of Ethereum’s, which had relatively less transactions count.
In other news, a new Metaverse project has been shaping up on the Cardano blockchain. Pavia is a Metaverse game, developed on the Cardano blockchain, that’s been blowing up with its debut recently. Pavia is the first ever Metaverse project on the Cardano blockchain, so that’s something to look up to. There are also a lot of new projects being developed on top of the Cardano blockchain, and they are all adding up for something stronger and greater for Cardano’s future.
We also have a really interesting lending project shaping up on the Cardano blockchain. ADALend is a scalable, trustless, and decentralized lending protocol that is currently going through the development phase. This is a lending/borrowing system where people can lend digital assets for a profit, or borrow for a period of time if in need of some extra currencies.
Coming down to Cardano’s price prediction, we’re seeing a promising run to touch $2.20. We have already seen ADA breaking some recent highs, so we believe the $2 mark isn’t too far from reality. Also, please keep in mind that this is strictly not a financial advice.
Then we have Smart Contract Made Easy (SCEZ). We are the builders of this amazing tool that helps you create smart contracts, NFTs, native tokens, and Cardano blockchain transactions. SCEZ is a complete REST API solution for crypto developers, enthusiasts, and entrepreneurs.
We make the heavy work easy for you. So for example, if PAVIA didn’t want to have to build the whole back end, then they could use our API and SCEZ would do all the heavy lifting. Although it might sound complicated when you think of the entire process, it’s really not.
You can literally create your own NFT in 4 simple steps. Here’s our documentation for all the details. We also have step by step guide on how to mint NFTs on Cardano Testnet and Mainnet using SCEZ.
SCEZ is missioned to help anybody, both from a technical and non-technical background, be able to capitalize on Cardano and NFTs. So we have all the necessary guides to onboard anyone into the system and them proficient in using our tool.
So thank you for sticking with me to the very end. We hope this has been valuable information to your journey with Cardano. You can follow our blog or YouTube channel to stay updated about cryptocurrencies as well as about our SCEZ project everyday. We have a lot of interesting updates lined up with a robust roadmap that’s ready to change the game for you!
As always, make sure to keep your kids protected with CleanRouter and CleanPhone. This lets you have the ultimate parental controls with how your kids use their phone 🙂
If you’d like to learn more about SCEZ and the latest Cardano updates, kindly check out the video below:
Spencer Thomason is the CEO and Co-founder of CleanRouter, as well as many other products.
2021, SCEZ
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