Cardano

Minswap

Foundation

Gains

SundaeSwap

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Cardano blockchain has seen a slight decline in transactions and is currently near 42247.</a> </li> 
 <li> <span>2</span> <a>ADA has observed a gain of a mere 28% in the last one year and is currently trading near $0.464.</a> </li> 
</ul>  
<p>Cardano is one of the fastest-growing POS blockchains in the cryptocurrency space. The platform has seen significant growth since its inception. It uses a unique architecture that employs a dual-layer system, which is distinct from most other blockchain platforms. Meanwhile, its settlement layer allows ADA holders to send and receive tokens almost instantly with low fees.</p> 
<p>Recently, Giorgio Zinneti was named the Chief Technology Officer. He will be the technical leader for the Cardano Foundation while playing a key role in scaling the growing pipeline of foundation projects and products.</p> 
<h2 class="wp-block-heading" id="strong-minswap-takes-the-lead-while-the-sundaeswap-sees-a-decline-strong"><strong>Minswap Takes the Lead While the Sundaeswap Sees a Decline</strong></h2> 
<p><a href="https://www.thecoinrepublic.com/2023/03/31/cardano-brings-milkomeda-facilitating-ada-users-with-evm-dapps/" target="_blank" rel="noreferrer noopener">Cardano dApps</a> have long been discussed, and strong gains have been observed in the past few years. Let’s Look at the top two performing dApps on the Cardano blockchain.</p> 
<h3 class="wp-block-heading" id="strong-minswap-strong"><strong>Minswap</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="563" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-347-1024x563.png" alt="" class="wp-image-207065" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-347-1024x563.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-347-300x165.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-347-768x422.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-347-750x412.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-347-1140x627.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-347.png 1282w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<p class="has-text-align-center">Source:&nbsp; Minswap.org</p> 
<p>Miniswap is a DEX on the Cardano blockchain that enables permissionless trade pairs. Each swap is done while taking a fee, which goes to the liquidity providers. Minswap is a community-centric DEX in which MIN tokens are fairly distributed without any private or VC investment. It has a total of 8365 pools, of which 149.1 million ADA are staked. It has seen a volume of 3.7 Million ADA in the last 24 hours. The unique interacting wallets with the dApp are 1.47k, while the number of transactions remained at 6.43k</p> 
<h3 class="wp-block-heading" id="strong-sundaeswap-strong"><strong>SundaeSwap</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img loading="lazy" decoding="async" width="1024" height="401" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-349-1024x401.png" alt="" class="wp-image-207067" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-349-1024x401.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-349-300x117.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-349-768x300.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-349-1536x601.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-349-750x293.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-349-1140x446.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-349.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<p class="has-text-align-center">Source: Sundaeswap.org</p> 
<p>Sundaeswap is one of the most innovative dApps built on the Cardano blockchain. It has created a market to exchange the tokens while providing liquidity providers a way to earn. It is made while keeping in mind one of the most popular dApps called Uniswap while making several upgrades for the Cardano blockchain. It has observed a total of 102 unique interacting wallets with the dApp. It has seen a total of 302 transactions on the dApp while seeing a volume of $81.5k</p> 
<h2 class="wp-block-heading" id="strong-what-are-the-ada-bulls-waiting-for-strong"><strong>What are the ADA Bulls Waiting for?</strong></h2>    
<p><a href="https://in.tradingview.com/chart/ADAUSDT/UBMepfe0</a> by <a href=" https: in.tradingview.com u ritika_tcr ">Ritika_TCR</a> on <a href="https://in.tradingview.com/">TradingView.com</a></p>  
<p>Cardano has a market cap of $16.4 Billion and is ranked 10th in the CMC. The ADA price is currently down about 85% from its all-time high and has seen fewer gains than its competitors. ADA price is currently trading near the value of $0.459, with a gain of 0.16% in the intraday session.&nbsp;</p> 
<p>ADA price is currently forming consolidated candles on the daily chart. It is trading below the 50 and 200 EMA. The upside trend of the ADA can see a halt near the value of $0.6. Meanwhile, the support of the asset price is near $0.4.</p> 
<p>The RSI of ADA is near 46 with no slope, suggesting its presence in the neutral zone. The overall momentum of the RSI is bearish in nature.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Cardano is currently observing a stagnation in terms of transactions and unique users. The dApps on the Cardano blockchain, Minswap, and&nbsp; Sundaeswap are seeing strong traction compared to their competitors. As per analysts, ADA token price is currently trading in a consolidated zone but can soon see a new high.</p>

Cardano Gains 28% in the Last One Year; Will This Trend Continue?

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