• Cardano (ADA) has seen a 10% price increase over the last 24 hours and its trading volume has increased by 190%.
• The recent node version v.1.35.6 was released to increase the network’s communication architecture and resilience against hostile conduct and outages.
• The network also released ADA-backed stablecoin called djed (DJED) late in January, and supported the plan known as CIP-1694 to speed up its progression into the Voltaire period of decentralised governance.
Cardano Price Surge
Cardano (ADA) price started the day ranging between $0.37 and $0.40, representing a significant increase of 10% in the last twenty-four hours. When this article was written, the price of ADA on CoinMarketCap was reported to be $0.3797 with XRP being the top gainer on March 22 due to its recent significant price increase over the last 24 hours.
Increased Trading Volume & Active Wallets
The trading volume of the asset has also increased by over 190% in a single day at the time of publication according to Messari’s analytical findings which showed an increase in active cardano wallet addresses by 31% over the last week.
Node Version v1.35.6
Cardano blockchain announced its latest node version, which is version v1.35.6 on March 16th to allow dynamic peer-to-peer (P2P) networking capabilities with an aim to maximize network resilience against hostile conduct and outages that are currently being tested out by stake pool operators (SPOs).
ADA-Backed Stablecoin – Djed (DJED)
In addition, Cardano network released its ADA-backed stablecoin called djed (DJED) late in January with a 1.05% price growth according to CoinMarketCap data that supports ‘CIP-1694’ proposal speeding up its progression into Voltaire period of on-chain decentralised governance system within Cardano ecosystem .
Conclusion
All these updates have resulted in increasing investor interest which is reflected through increasing prices and trading volumes for Cardano cryptocurrency along with active wallet addresses leading towards long term success story for this crypto asset