Cardano (ADA) continued to make waves in the cryptocurrency market towards month’s end after an epic rise of over 50% since the start of the year. The altcoin, which ranks eighth by market capitalization, topped $0.3990 at one point Sunday before recoiling on Monday.

As the bullish optimism in the cryptocurrency sector starts to quiet down, Cardano (ADA) has been recording high demand from crypto traders and investors, projecting a strong possibility of a price increase should this trend sustain.

Cardano and IOG (Input Output Global) are working together to elevate Plutus’ status. The smart contract programming language is set to receive a huge upgrade with the next Cardano update.

Cardano (ADA) founder Charles Hoskinson confirmed interest in acquiring the crypto-focused media outlet CoinDesk on Jan. 19.

In an explosive outburst, Cardano (ADA) founder Charles Hoskinson unloaded on YouTube’s Ran Neuner over his perceived dishonesty and bias.

Cardano momentum is building as the launch of the Djed stablecoin nears. ADA prices have yet to make a big move, but one could be soon.

In its attempt at addressing issues of scalability, Cardano [ADA] released a developer toolkit for building sidechains. Cardano network developers Input Output Global (IOG) stated that the toolkit could be used to create blockchains for specific use cases. 

The firm behind the Cardano blockchain has been developing a set of tools to enable the creation of sidechains, with the first already deployed as a public testnet.

Cardano (ADA), the 8th most valuable cryptocurrency by market capitalization, experienced a colossal price spike in the first week of January 2023. The move is auspicious for ADA, especially as many altcoins are still nursing losses carried over from 2022.

Cardano (ADA) has entered 2023 with positive momentum bringing with it the success of the top cryptocurrency protocol by development activity in 2022.