Is Cardano worth buying after the Cardano-Ethereum USDC bridge?

Is Cardano worth buying after the Cardano-Ethereum USDC bridge?
фото показано с : invezz.com

2022-5-30 12:16

Cardano ADA/USD is a blockchain network that features smart contracts and facilitates the functionality of decentralized finance (DeFi) whilst also enabling the creation of decentralized applications (dApps).

The network even has its own cryptocurrency token, known as the ADA token, which is used to transfer value across the network.

The Cardano-Ethereum USDC bridge as a catalyst for growth

On May 23, we covered how Cardano’s Milkomeda sidechain might become the network’s ZkRollup.

As of May 29, 2022, investors as well as users that are interested in bridging their ISDC from the Ethereum blockchain to the Cardano blockchain, can do so through the usage of Milkomeda now.

The user can now essentially bridge the Ethereum-based USDC to Milkomeda and then transfer it to Cardano as a Cardano Native Asset.

In order to perform a swap, users need at least four milkAda tokens in their wallet, and if a user does not have enough or any milkAda tokens, they can transfer ADA from any Cardano wallet to the EVM wallet and get their tokens that way. 

Once the user obtains the required tokens, they can proceed to the bridge page and connect their Cardano wallet with Nami or Flint wallets and can choose Milkomeda C1 and send their ADA to the provided address.

Should you buy Cardano (ADA)?

On May 30, 2022, Cardano (ADA) had a value of $0.5189.

In order for us to get a better perspective as to what kind of value point this is for the Cardano (ADA) cryptocurrency, we will be going over its all-time high point of value, as well as its performance throughout the previous month.

Cardano (ADA) got up to a value of $3.09 on September 2, 2021, which marked its all-time high point value.

When we look at April’s performance, Cardano (ADA) had its highest point of value on April 4 at $1.2297, while its lowest was on April 30 at $0.7809. The token decreased in value by $0.4488 or by 36%. 

With all of this in mind, at $0.5189, ADA is a solid buy as with these integrations, bridges, and developments, it can climb to $1 by the end of June 2022.

The post Is Cardano worth buying after the Cardano-Ethereum USDC bridge? appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Decentralized Machine Learning (DML) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0009581 (-100%)

decentralized cardano finance functionality facilitates defi applications

decentralized cardano → Результатов: 126


Multi Protocol Decentralized Exchange Bashoswap Is Set to Launch It’s DEX on Cardano

Bashoswap, a Cardano-based decentralized exchange that would be interoperable on both Cardano & Milkomeda networks set to launch on Cardano testnet in a few months time. A private seed round is ongoing for interested participants looking to acquire $BASH Tokens Early What is a DEX? A Decentralized Exchange or DEX (DEX) is a blockchain-based application that is accessible through a series of smart contracts and is designed to facilitate financial services that are traditionally carried by a central entity in a decentralized manner.

2022-5-7 09:24


Фото:

Acardex’s Staking Platform Goes Live On Cardano As Its ACX Token Presale Begins

Acardex, a non-custodial decentralized exchange based on the Cardano blockchain announced today the successful Beta release of its staking platform on the Cardano testnet. The staking platform will reportedly allow ACX holders, the native token on the platform to stake their tokens to earn up to 25% additional return. Note, the amount of $ACX allocated […]

2022-5-4 23:28


Cardalonia: A decentralized blockchain-based play-to-earn Metaverse on Cardano

The highly anticipated Cardano-based blockchain game Cardalonia has announced a token sale for its LONIA utility token with over 15 percent sold in just days. Investors looking to acquire some LONIThe post Cardalonia: A decentralized blockchain-based play-to-earn Metaverse on Cardano appeared first on AMBCrypto.

2022-4-29 17:15


Фото:

Acardex Announces The Launch Of Its Car NFTs, Providing Huge Prospects For ACX Token Holders

Acardex, a decentralized exchange based on Cardano is excited to announce the launch of its car NFTs offered through its Play to earn game Acardex Racing. According to the announcement, Acardex’s new car NFTs seek to revolutionize the P2E NFT gaming space by providing users with an accessible and fun approach to the metaverse. The […]

2022-4-28 23:49


Фото:

Cardano-based Apexaverse Debuts P2E Metaverse 3D Game

Apexaverse, a decentralized hub for blockchain gaming, DeFi, and NFTs based on the Cardano blockchain is providing an interactive 3D universe allowing users to explore different virtual worlds. Apexaverse is reportedly one of the most efficient ways to bring together a game catalog with multiple P2E and PVP games, token with staking capabilities, launchpad, NFTs, […]

2022-4-20 13:06


Фото:

ADA’s value evolution after Revuto announced Cardano-native staking pools

Cardano ADA/USD is a blockchain platform that enables the development of decentralized applications (dApps) through a multi-asset ledger as well as verifiable smart contracts. Revuto announcement and university partnership as catalysts for growth Revuto is a blockchain-based subscription management platform that has announced new staking opportunities for REVU token holders on Cardano.

2022-4-7 15:32


Фото:

Cardano-based Da Vinci’s Locker to Commence Private Sale on April 5

Da Vinci Locker (DVL), the NFT marketplace of all blockchains is thrilled to announce its debut following plans to commence private sale on the 5th of April, 2022. Da Vinci Locker (DVL) is a Community driven decentralized Cross Chain Marketplace that allows NFTs to be traded across multiple blockchains and not just the Cardano Blockchain […]

2022-4-5 23:08


Trezor Hardware Wallet Introduces Support for Cardano (ADA), Price Reacts

Crypto hardware wallet has announced support for Cardano (ADA) after many years of not supporting the digital asset. As Cardano has grown and with the rise of decentralized finance (DeFi) on the network, there has been more demand for the cryptocurrency to be added to the wallet, which is one of the most popular crypto hardware wallets in existence.

2022-3-19 20:00