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Cryptocurrency News Articles

Cardano ($ADA) Bringing DeFi To Bitcoin At Last

Dec 02, 2024 at 02:15 am

Cardano recently found itself back within the CoinMarketCap crypto top 10, following a period in the wilderness this summer.

Cardano ($ADA) Bringing DeFi To Bitcoin At Last

Cardano ($ADA) has been making waves in the crypto community once again, as the coin recently found itself back within the CoinMarketCap crypto top 10. This comes after a period in the wilderness this summer, where ADA dropped out of the top 10 for several weeks during a difficult period for the market.

However, Cardano has been on an absolute tear over the last few weeks, rising by 190% in just 30 days to smash through the $1 level and currently consolidating just below this key psychological price point at $0.97.

As covered by The Daily Hodl, Cardano founder Charles Hoskinson recently posted that he sees Cardano as a DeFi layer on the Bitcoin network. Thanks to the low fees of the Cardano Babel update, Bitcoin users will be able to pay for on-chain transactions using native Bitcoin, despite using the Cardano chain for speed and scalability.

Charles has also hinted in recent days that he will be working closely with incoming regulators as part of Donald Trump’s new push for more favorable crypto regulations. Cardano recently announced the formation of an office in Washington DC, as Cardano will likely play a major part in the future of US Web3 development.

GameFi Startup Rollblock ($RBLK) Token Burn Will Reward Community With Free Tokens

This is an exciting time for the Cardano ecosystem, which has also rolled out a privacy layer in the form of its Midnight sidechain. Such innovation on Cardano could well lead it to reclaim its previous all-time high above $3 during the quarter ahead.

The popular GameFi presale Rollblock ($RBLK) recently passed a significant milestone with over $6 million raised in only a few short months. Adoption of this future giant of the gaming space shows no signs of slowing, as more than 22,000 investors have seen the value of the Rollblock offer in disrupting the traditional $450 billion online gaming sector.

The Rollblock platform offers incredible variety, with over 7,000 games. A sports feature is also on the cards, which will pull in huge numbers of sports fans looking to take a wager on the latest international tournaments across many sporting fields.

Rollblock looks set to attain crypto gaming blue-chip status thanks to its deflationary tokenomics, which will trend lower over time thanks to a unique revenue share scheme. Every week the platform will use a portion of its operating profits to buy up $RBLK on exchanges before burning 60% of these and allocating the remaining tokens to stakers in the Rollblock community.

A falling supply will meet rising demand in a spectacular supply squeeze at some point in the next few months! Investors can gain a seat at the table by allocating to Stage 8 at the low price of $0.036 while stocks last.

Original source:bitcoinist

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