Mithril

Shiba

Cardano

2024

<ul>
 <li><strong>Cardano has witnessed remarkable network growth amidst key technological developments around the blockchain infrastructure.</strong></li>
 <li><strong>The altcoin has posted positive gains ahead of a crucial update ending with the Cardano network fully decentralized.</strong></li>
</ul>
<p>Cardano (ADA) is undergoing key developments and upgrades as it readies to become fully decentralized and usher in a new era for the entire blockchain ecosystem. A new weekly development <a href="https://www.essentialcardano.io/development-update/weekly-development-report-as-of-2024-06-21" target="_blank" rel="noopener noreferrer nofollow">report </a>has revealed key details about the recent developments and highlighted what the community should expect soon.</p>
<p><iframe title="Cardano Development Update: Advances in Plutus and Scaling Innovations" width="788" height="443" src="https://www.youtube.com/embed/aS23aln5jG4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>A look at its core technology reveals that the ledger team reached a major milestone by implementing CIP-0069, which enhances PlutusV3 functionality. Some key bugs have been fixed, including correcting script execution and preventing delegation to non-existent pools to the core technology.</p>
<p>Further improvements have been made in the wallets, smart contracts, and scaling infrastructures. As <a href="https://www.crypto-news-flash.com/cardano-voltaire-upgrade-a-game-changer-for-ada-as-community-takes-control/" target="_blank" rel="noopener noreferrer nofollow">reported </a>by Crypto News Flash, this comes ahead of the expected Chang fork this month. This will set the stage for the “Age of Voltaire,” introducing new features such as treasury management, governance, and decentralized voting.</p>
<p>Voltaire is a significant leap for Cardano. Cardano founder <a href="https://www.crypto-news-flash.com/charles-hoskinson-predicts-major-cardano-hardfork-5thscape-poised-for-1000x-gains-in-june-2024/" rel="noopener noreferrer nofollow">Charles Hoskinson</a> says it’s “the most significant milestone in the history of Cardano and for the industry as a whole.”</p>
<p>There have also been some notable developments around education. The education team is preparing its lectures for next month’s Cardano Developer course, and work is progressing on Mastering Cardano.</p>
<p>Highlighting some of the network’s key achievements, the report reveals that 171 projects were launched, 1,364 projects were built, and 132,527 token policies were implemented. Additionally, there are 10.09 million native tokens and 92.3 million successful transactions on the blockchain.</p>
<p>These data discredit some influencers’ allegations that the network is a “ghost town,” which suggests that developers and users have little adoption and few projects built on it.</p>
<p>As blockchain researcher Collin Brown articulated, there’s a lot to look forward to from the network in the coming days.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Exciting <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> updates this week:</p>
 <p>1⃣ Plutus V3 milestone with CIP-0069: Enhanced script flexibility.<br>2⃣ Wallets prepping for v1.13 release: New features &amp; critical bug fixes.<br>3⃣ Smart contracts upgrade to Plutus libraries 1.30.0.0: Introducing CIP-0122.<br>4⃣ Mithril team… <a href="https://t.co/W1YKYm3260" rel="noopener noreferrer nofollow">pic.twitter.com/W1YKYm3260</a></p>
 <p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1805446772048675018?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>These achievements cast a bullish future for the network, and its native token, <a href="https://www.crypto-news-flash.com/cardano-ada-and-xrp-rebound-sparks-surge-in-short-positions/" rel="noopener noreferrer nofollow">ADA</a>, has been rallying. At the time of writing, ADA is trading for $0.395 after a 7% surge in the last 24 hours. This sees the altcoin regain some of the recent losses that led to the loss of its prestigious top-ten rankings.</p>
<div class="cryptoboxes" id="mcw-419861" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="cardano" data-symbol="ADA" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
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<p>Investors expect more gains ahead of the key upgrade at the end of the month, and the altcoin may regain its top ten rank.</p>
<p>Popular technical analyst Ali Martinez has <a href="https://x.com/ali_charts/status/1805495390214701323" target="_blank" rel="noopener noreferrer nofollow">revealed </a>that ADA is flashing a buy signal. Crypto analyst Ali sees buy signals on the daily charts for Shiba Inu, Cardano, and Solana, according to the TD Sequential indicator.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The TD Sequential presents buy signals on the daily charts of <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a>, <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShibaInu</a>, and <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a>, anticipating a price rebound for these <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#altcoins</a>! <a href="https://t.co/P8ZOYm9qTu" rel="noopener noreferrer nofollow">pic.twitter.com/P8ZOYm9qTu</a></p>
 <p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1805495390214701323?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>If investors increase their demand for the altcoin, this could drive prices higher in the short term. The long-term trajectory will be largely dictated by network development, adoption, partnerships, and the possibility of the launch of a <a href="https://www.crypto-news-flash.com/cardano-ada-gains-traction-as-top-pick-for-altcoin-etfs-beats-ethereum-and-xrp/" rel="noopener noreferrer nofollow">Cardano spot ETF</a>.</p>

Cardano Development Recap: Plutus Upgrades and Scaling Breakthroughs

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