The launch of the stablecoin on Cardano’s mainnet is expected to occur this month.

The recent trend of whale accumulation follows significant selloffs in the past 2 months.

In a blog post titled “Small Investors in Big Cryptos”, Santiment had this to say about Cardano ($ADA):

Since its steep drop last December, Cardano [ADA] has lost about 20% of its value and hit a new low at $0.2415 until press time. The $0.2415 support was strong enough for the bulls to initiate a rally.

Solana extended recent gains on Wednesday, as the token rose by as much as 15% in today’s session. The move saw prices hit their highest point since mid-December, and comes as market sentiment has shifted in a bullish direction. Cardano was also in the green, as it hit a one-week high today.

Cumulative transaction volume for all DApps has also surged to 5.8 trillion ADA.

Cardano founder Charles Hoskinson changed the display picture on his Twitter and Facebook account causing a controversy. Hoskinson apparently used a NFT picture as his new Twitter and Facebook avatar but without actually buying the NFT. Cardano founder was accused of right clicking and saving someone’s NFT as a picture and using it as a profile picture.

iPhone users can now stake Cardano’s native token ADA on the Trust wallet, earn interest, and secure the platform. The official Binance self-custody wallet app rolled out the service for Android users in December.

On Thursday (29 December 2022), crypto analytics startup Santiment, which provides tools that make “powerful OnChain, Social & Financial analysis accessible to anyone”, commented on the 2022 development activity of the major blockchains.

Cardano has led overall development activity for 2022 despite the bearish market conditions, according to a Santiment Feed insight shared in a tweet today.