Cardano on the Rise: ADA Price Grows 12% in 7 Days, Stablecoins Coming

• Cardano, the ninth most valuable cryptocurrency, has grown 0.83% to $0.268 in the past 24 hours and 12% in the past seven days.
• On-chain data provider Santiment reports that Cardano whale addresses with holdings of between 1 million and 100 million have become active once again.
• Cardano is working on several improvements for the blockchain network and will support two stablecoins by Q1 2023.

Cardano, the ninth most valuable cryptocurrency in the world, has been making headlines again due to its recent price activity. In the past 24 hours, the price of Cardano (ADA) has grown 0.83% to $0.268, while in the past seven days it has demonstrated a 12% growth. On-chain data provider Santiment has reported that whales with holdings of between 1 million and 100 million dollars worth of ADA are now operational once again.

The Cardano development team is working hard to improve the blockchain network despite the crypto winter that occurred in 2022. They are introducing several new features, including two stablecoins that will be supported by the Cardano blockchain platform by Q1 2023. The first token will be a USD-backed stablecoin called USDA that will conduct transactions on the Cardano network. Additionally, the team is working on other projects such as sidechains and interoperability for cross-chain transfers.

The Cardano community is anticipating a bullish run for ADA in 2023 as the network continues to introduce new features and improvements. The addition of the two stablecoins is expected to provide much-needed liquidity to the platform and attract more investors. Furthermore, the development team is working on a new consensus protocol that will improve the scalability of the network and allow for faster transaction times.

Ultimately, Cardano is positioning itself to become a major player in the cryptocurrency space in 2023. With an ambitious roadmap and the introduction of several new features, the Cardano team is hoping to transform the platform into a leading player in the industry. With more whales becoming active and the introduction of the two stablecoins, Cardano is certainly one to watch in the coming months.