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Cardano Price Forecast As Cardano Prepares To Launch New Algorithmic Stablecoin in 2023

The cryptocurrency market continues to wade through the murky red waters of a bearish trend – made worse by the collapse of FTX. Despite the negative market mood, ADA has so far held well against the rest of the market, down only 0.6% in the past 24 hours.

  • Cardano's First Algorithmic Stablecoin DJED to Launch In 2023
  • Cardano Price Forecast: Bulls Have to Hold Firmly at $0.30 Support

ADA/USD 3-day chart

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    State of Cardano Q4 2023

    Cardano (ADA) is a Proof-of-Stake (PoS) Layer-1 smart contract network launched in 2017. Cardano aims to provide security, scalability, and sustainability to decentralized applications and systems building on top of the blockchain. In addition to the community of developers, node operators, and projects, Cardano is supported by multiple entities: Input Output Global (IOG), dcSpark, MLabs, The Cardano Foundation, EMURGO, and more. They work together to support the network’s development, adoption, and finances while Cardano moves toward the age of Voltaire.
    State of Cardano Q4 2023

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