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Cardano (ADA) is up 30% following the launch of the new Metaverse


Cardano, a smart contract token, has risen in value over the last 24 hours following the disclosure of a metaverse project. According to seven-day statistics, cardano’s value increased 30.9 percent over the week and surpassed the fifth-largest crypto market cap on Sunday night time (EST)

Cardano (ADA) has seen its value rise over the last seven days, and 24-hour statistics show that ADA has risen 9.5 percent against the US dollar. Cardano is a great contract community, similar to Ethereum, and the crypto asset has increased in worth by 336.5 percent over the last 365 days. Cardano, on the other hand, has been blamed in recent months for the project’s sensible contract capability and the fact that ADA-based decentralized finance (defi) and non-fungible token (NFT) assets weren’t existed virtually.

The NFT and metaverse project known as was formally introduced on January 15, 2022, and ADA supporters believe it will compete with other ones such as The Sandbox and Decentraland.

According to the latest news, and scales show that there is about $3 million in general worth locked in Cardano-based defi protocols. Furthermore, Cardano-based NFTs are rushing into the NFT space through initiatives such as Clay Friends, Pavia, and Cardano Kidz and … .

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

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