Cardano (ADA) price catches no fire despite significant recent strides

Being in the top to cryptocurrencies list for quite some time now, Cardano (ADA) is one of the top crypto-coins today. Over a year ago, the blockchain project launched a development tool to ease the accessibility of ADA Dapps to its users.

The team behind Cardano has shown dexterity and hard work ever since the digital asset was introduced. Cardano is currently increasing the pace of its mass adoption as it is one of the favorite cryptocurrency today, and there are a number of good reasons behind that.

On Oct 1, IOHK (Input-Output Hong Kong) stated the release of RUST SDK. It has also launched Yoroi Wallet and Cryptocard before its MainNet goes live.

There are no doubts that these recent developments and projects by Cardano will mark a new beginning as these would increase the attraction of different FinTech companies towards the crypto around the world.

Cardano’s Rust SDK

Ever since the creation of Cardano (ADA), it is poised to foster the creation of Dapps. Cardano was created by IOHK which is owned by Charles Hoskinson, who is also the co-founder of Ethereum. It is important to know that Cardano also uses a peer-review system to help in the development of new projects on its platform.

Cardano’s Rust SDK is a production of Mozilla. It is also an open-source library that works well with Haskell to help Dapps developers create Dapps on Cardano’s platform. This project gives developers lots of exciting options to create Dapps well-suited for mobile devices. Dapps developers who make use of Rust SDK will have much flexibility and efficiency while creating Dapps as it also offers data analyzing and block querying.

Cardano’s Yoroi Wallet

Another recent project by Cardano is the creation of a light-weight wallet known as Yoroi Wallet. The Yoroi Wallet is a secure wallet that helps to secure ADA tokens. The wallet also comes with low bandwidth use; it also functions like a Chrome extension.

Cardano Enters the Cryptocurrency Debit Market by Launching Crypto-card

As part of its quest to remain a leading digital asset to reckon with, Cardano has decided to partner with Mataps to create prepaid crypto-cards for Cardano users to buy goods from stores in partnership with Cardano.

Thanks to the recent alliance, Cardano users can now have the opportunity to have plastic cards – just like ATM cards, to use their ADA tokens more easily.

Overall, these new strides by Cardano are superb developments, but more so, they haven’t affected the price of ADA positively in the market yet, since, at the time of publication, the price of ADA is still trading at $0.080 after seeing a decrease of 3.60% in the last 24 hours.

But the current dip might be because of market trends as almost all the top virtual coins are flirting with red at the moment. Indeed, only the time will tell how far Cardano goes, but the blockchain is undoubtedly making some good move lately. Way to go ADA.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of LaughingRaven/Pixabay

The post Cardano (ADA) price catches no fire despite significant recent strides appeared first on Global Coin Report.


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