Cardano Updates | Argus Launches Platform for Cardano NFTs | May Week 1

After every week, there are updates in the Cardano ecosystem. Therefore, Altcoin Buzz covers some of the updates from the first week in May to keep readers informed.

During the week, the latest version of the Cardano app was made available. We also look at the top gainers in the Cardano ecosystem.

1 – Latest Version of the Cardano App Is Now Available

During the week, Ledger (a crypto technology company) announced the launch of Cardano v.4.0.0, the latest version of Cardano’s app.

It’s also important to note that the application is well suited to smart contracts, and it’s available on Ledger Live.

2 – Top Gaining Projects on the Cardano Ecosystem

During the week, a CoinGecko report revealed the top gainers (price performance) of projects in the Cardano ecosystem. Notably, the report covers a 24-hour time frame on the 5th of May:

  • ADAX PRO ($ADAX) recorded the most gain within the 24-hour time frame. It has a 25.2% rate of increase in price performance.
  • Charli3 ($C3) has the second-most gain within the 24-hour time frame. It has a 20.6% rate of increase in price performance.
  • GeroWallet ($GERO) recorded the third-most gain within the specified time frame. It also has a 15.6% rate of increase in price performance.
  • Ardana ($DANA) has the fourth-most gain within the 24-hour time frame. It also has a 15.2% rate of increase in price performance.
  • Cardano ($ADA) is fifth with a 10.1% rate of increase in price performance during the specified time frame.

3 – Argus Launches Platform for Cardano NFTs

Argus announced the launch of ArgusNFT, its AI/ML-powered NFT “fake detection platform.” According to reports, this platform makes it possible for interested users to confirm the minting history of Cardano NFTs. Therefore, ensuring they are not copies and avoiding being scammed.

In addition, the new platform consists of two major features:

  • It has AI structures that make it possible to detect if NFT images are duplicates of earlier minted NFT images.
  • It also has a customized, machine learning structure model that confirms the likeness, as well as, other key data needed in fine-tuning Argus’ determinations. Therefore, making it possible to get the best possible level of accuracy.

$ADA Price Outlook

As of the time of publication, Cardano’s price was $0.791853 with a 24-hour trading volume of $1,571,923,207. ADA price also dropped by 9.8% over the last 24 hours. Besides, it has a circulating supply of 32 billion ADA coins and a total supply of 45 billion.

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