Cardano (ADA) founder Charles Hoskinson has taken a swipe at crypto exchange Coinbase for its failure to mention the platform in its 2023 market outlook report. Notably, the report by Coinbase overviewed themes likely to dominate the crypto market in 2023 after an extended winter in 2022. 

The Cardano blockchain gears up to see the launch of one of its most anticipated stablecoin projects, Djed. Shahaf Bar-Geffen, the head of COTI Network, reiterated during an interview that the algorithm stablecoin would launch on the mainnet in January.

Cardano (ADA) had eventually given way to the bears which had then dragged it down below $.30 for the second time in two months.

Let’s assume that ADA hits $1 in the coming years. 

Cardano has been on the downside since ADA reached an all-time-high of $3.10 back in September 2021. As of writing, the 9th top crypto has dropped 5% in the last seven days. In comparison, major cryptocurrencies like Ethereum lost over 4.5%, and Bitcoin shed 2% in the same timeframe.

Charles Hoskinson appears to have made peace with the potential embarrassment and backlash from the XRP community should rumors of a Ripple settlement with the US Securities and Exchange Commission prove false, per a tweet from the Cardano founder today.

Cardano (ADA), the DeFi asset, is heading into the Christmas season and still listed among the top ten largest cryptocurrencies by market capitalization. This is the case despite recent price fluctuations. Cardano’s network is still expanding strongly even though it has been hit hard by the consequences of the FTX catastrophe.

During a recent podcast appearance, Shahaf Bar-Geffen, chief technology officer at blockchain-based COTI Network, said that Djed, a Cardano-based algorithmic stablecoin, would be launched soon.

The team behind Binance’s official non-custodial cryptocurrency wallet app, Trust Wallet, has recently announced support for staking Cardano ($ADA) on the network, allowing users to earn with their holdings while helping secure the network.

Cardano (ADA) is trading at $0.3122, representing a change of -0.47% in the past day and -0.57% in the past week, per the latest data from CoinMarketCap. The smart contract token has oscillated between $0.30 and $0.32 since November 20.