Cardano

Momentum

Foundation

Polygon

<ul>
 <li><strong>Hoskinson expressed interest in forming a collaboration with Kraken for building a L2 network.</strong></li>
 <li><strong>At the time of writing, Cardano (ADA) is trading at $0.3793, down 2.51% in the last 24 hours.</strong></li>
</ul>
<p>The Cardano Foundation has made substantial progress in enhancing the Cardano blockchain experience for developers. Developers of <a href="https://thenewscrypto.com/cardano-continues-to-impress-with-sustained-bullish-momentum/" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> apps will benefit from a new Java-based data provisioning tool that streamlines data retrieval and indexing.</p>
<p>Known as “Ledger Sync,” this cutting-edge tool is one component of the Cardano Foundation’s drive to make the platform more accessible to developers.</p>
<p>The software will be made available as open source, making it accessible to programmers and business associates anywhere. By boosting data accessibility and retrieval, Ledger Sync hopes to further expand the Cardano development community. Moreover, this tool streamlines the process of accessing and working with Cardano blockchain data, making the development of apps simpler.</p>
<h3 class="wp-block-heading" id="eyeing-collaboration-with-kraken">Eyeing Collaboration With Kraken</h3>
<p>Cardano’s creator, <a href="https://thenewscrypto.com/cardano-founder-charles-hoskinson-clarifies-nft-stance/" target="_blank" rel="noopener noreferrer nofollow">Charles Hoskinson</a>, has alluded to the possibility of a partnership with Kraken, a crypto exchange, in the development of a Layer-2 (L2) network.</p>
<p>Hoskinson expressed interest in forming a collaboration with Kraken for the creation of an L2 network in a post he made on twitter. Kraken reportedly is actively seeking a blockchain development partner to assist it with building its L2 network. Kraken’s reported alliance-seeking with companies like Polygon and Matter Labs generated buzz earlier this week.</p>
<p>At the time of writing, Cardano (ADA) is trading at $0.3793, down 2.51% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 29.66%. The price has been facing brief correction after a prolonged bullish rally.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2023/11/ADA_7D_graph_coinmarketcap-2.png" alt="" class="wp-image-85575" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/ADA_7D_graph_coinmarketcap-2.png 630w, https://thenewscrypto.com/wp-content/uploads/2023/11/ADA_7D_graph_coinmarketcap-2-300x181.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/11/ADA_7D_graph_coinmarketcap-2-150x90.png 150w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>If the price manages to go above the $0.39 level, then it will likely climb towards $0.41 resistance level. However, if the price goes below $0.37 level, then it will decline further to test $0.35 support level.</p>

Cardano (ADA) Faces Minor Correction Despite Bullish Momentum

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