Swiss lender Acredius has launched on the Cardano blockchain, allowing investors to use the native token ADA to invest in small and medium-sized businesses (SMEs). The integration also enables the tokenization of loans through smart contracts, making it easier for retail investors to participate in the lending market.

Cardano's price analysis indicates a bearish market sentiment, with the value of ADA declining to $0.3655 and facing increasing bearish pressure. Despite weak buying pressure at the $0.3723 resistance level, ADA's support is currently at the $0.3645 mark.

The total value of assets locked on Cardano's decentralized finance ecosystem reached an all-time high of 417.7 million coins on May 14, indicating a thriving DeFi ecosystem. The TVL has since dropped to 409.86 million coins, but DeFi activities on Cardano have consistently grown since the start of the year. Minswap is the dominant DeFi protocol on Cardano, accounting for $55.7 million of the total TVL. Over 1000 Plutus V1 smart contracts have been recorded on Cardano in 2023, but the activity level still pales significantly compared to Ethereum. Despite the increase in network activity and TVL, ADA continues to trade under $1.

The Cardano blockchain has achieved a major milestone by surpassing 500 million ADA in total value locked (TVL). This comes just a month after TapTools predicted a significant increase in the network's TVL. On-chain data shows that Minswap is the leading protocol on the network with a TVL of $55.56 million, followed by Indigo with $28.5 million locked. Despite the impressive TVL growth, the price of ADA has not been significantly impacted, with the cryptocurrency experiencing a steady decline in value over the past month. ADA currently ranks as the seventh-largest cryptocurrency with a total market cap of $12.79 billion.

Cardano, a blockchain platform often referred to as an "Ethereum killer," is making strides in smart contracts and scalability. The network, created in 2017, aims to challenge Ethereum's dominance in the dApp space with a focus on scalability, security, and energy efficiency. Recent developments such as Hydra and an increase in smart contracts have bolstered Cardano's position as a competitor to Ethereum. While Cardano still trails behind Ethereum in terms of adoption and dApp ecosystem, it has the potential to become a major player with continued progress and widespread adoption.

Charles Hoskinson, the creator of Cardano, has been vocal about his criticism of Ethereum Classic (ETC) and Ledger, a hardware wallet manufacturer.

Charles Hoskinson, the founder of Cardano (ADA), has criticized Ethereum Classic (ETC) as a scam project that serves only to allow insiders to take advantage of recruits with false hopes.

Charles Hoskinson, founder of Cardano, weighed in on the controversy surrounding Ledger's new firmware update, stressing the importance of open-source software that undergoes regular audits to enhance security and trust in the hardware wallet industry.

Cardano's DeFi ecosystem is approaching a total value locked (TVL) of 400 million ADA, the native cryptocurrency of the Cardano network. The current TVL stands at 398.55 million ADA, while the TVL in USD is currently at $148.55 million.

The global market cap fell by 1.18% in today's trading session, indicating a bearish trend. Bitcoin faced resistance at the $27K level and dropped by 1.3% in price valuation within a day of trading. Ethereum also recorded a drop in valuation, while Ripple gained 3.7% and dominated the session.

Cardano has climbed to the 16th position in the DeFi market with a Total Value Locked (TVL) of $183.16 million, according to a report by DefiLlama. This puts it ahead of other chains such as Bitcoin and EOS. The TVL is denominated in ADA, which recently set a new all-time high of $504 million. Cardano's unique Proof of Stake model and introduction of smart contracts have enabled developers to build more DApps on the platform, which could lead to exponential growth in TVL. The asset currently has a support level of $0.349169 and a resistance level of $0.397221.

Cardano's development team has been actively working on improving the network's capabilities, and their recent addition of over 1,000 Plutus V1 smart contracts since the beginning of 2023 is a testament to their dedication and technological prowess. As of May 17, 2023, there were 5,776 Plutus V1 scripts on the Cardano network, compared to 4,718 recorded on January 1.

Developers are working to correct misconceptions about the capabilities of Cardano Hydra Head. While it was previously thought that Hydra could process over one million transactions per second (TPS), it can actually only handle thousands of TPS. Each "Hydra head" is capable of processing 1000 TPS based on simulations, but the performance will scale up as more stake pools are added. The release of the first functional Mainnet version of Hydra was recently announced, and more upgrades are expected in the future. Despite the overhyped expectations, Hydra still offers increased throughput, minimized latency, and cost-efficient solutions without substantial storage requirements.

On Wednesday, Binance Coin (BNB), Cardano (ADA), and Polygon (MATIC) were attempting to break through key resistance levels as cryptocurrency prices rose. Bitcoin bounced back above $27,400, while other coins such as XRP, Dogecoin, and Litecoin also saw gains. However, the broader cryptocurrency market remained largely flat due to investor caution surrounding US debt-ceiling sentiment. In terms of short-term price predictions, BNB was trading at $314 with resistance at the 20-day and 50-day EMAs, while ADA was above $0.37 and needed to break past $0.40 to target the recent uptrend peak of $0.46. MATIC was trading at $0.87 with resistance at $0.91, and a potential target of $1.00 if the bulls succeed.

DigiToads (TOADS), a new memecoin that offers a play-to-earn gaming platform, deflationary tokenomics, and a focus on community rewards, has emerged as a promising project in the cryptocurrency market. Its unique features, including a decentralized autonomous organization (DAO) treasury and a commitment to environmental sustainability, have attracted investors and users who share these values. While established cryptocurrencies like Cardano (ADA) and Litecoin (LTC) remain strong players, DigiToads' rapid growth presents a new challenge and forces them to innovate and adapt to maintain their competitive edge. As the project continues to gain traction, it will be interesting to see how it affects the cryptocurrency landscape.

Despite many crypto naysayers arguing that most existing projects won't survive, ChatGPT, an AI language model, predicts that Bitcoin, Ethereum, Binance Coin, Cardano, and Polkadot will stand the test of time.

HedgeUp (HDUP) and Cardano (ADA) are two cryptocurrencies that have gained popularity among investors due to their promising potential and affordable prices. HedgeUp (HDUP) aims to tap into the $17 trillion alternative assets market by using non-fungible token (NFT) technology to allow individuals to invest in high-value assets on a fractional basis.

Decentralized applications (dApps) are becoming increasingly popular among businesses and developers who want to take advantage of blockchain networks. However, creating dApps can be complex and time-consuming.

Empowa, a Cardano-powered DeFi platform, aims to enable 1 million African families to own climate-smart homes by 2030. The platform is using NFTs and blockchain technology to revamp the outdated loan system and build decentralized funding models. The high mortgage rates in Africa have crippled the housing market, but Empowa is determined to disrupt the current real estate market and make homes more accessible to Mozambicans. The company is partnering with Casa Real to construct cyclone-resistant homes that will start at a price point of $10K and be affordable to low and middle-income families.

Cremation Coin has burned a significant number of PEPE and BabyDoge coins, as well as Terra Classic (LUNC) tokens this week. The burn feature of the Pepe Coin contract will reduce the circulating supply, which could potentially increase the PEPE price. The Baby Doge Coin team has proposed burning a large number of BabyDoge tokens to improve security and reduce transaction fees on Ethereum. According to crypto analyst Michael van de Poppe, the PEPE price must remain above $0.00000173 to reach $0.00000240. If you're interested in investing in promising crypto presale projects for 2023, check out our updated list, which includes CoinTerra and other options. Additionally, we've compiled a list of the top crypto Telegram channels to follow for the latest news and insights, so you can stay informed and ahead of the game with our comprehensive resources.