Cardano Updates | Cardano Foundation Joins Linux Foundation | June Week 4

There are weekly updates and developments taking place in the Cardano ecosystem. Thus, Altcoin Buzz covers some of these updates and developments from the fourth week in June to keep readers informed.

In this week’s updates, Cardano Foundation joins Linux Foundation. We also look at the top gainers in the Cardano ecosystem.

1 – Cardano Foundation Joins Linux Foundation

During the week, Cardano Foundation announced it is joining the Linux Foundation, a non-profit organization that ensures mass innovation via open source. Notably, Cardano Foundation will be a “Gold Member,” making them the only non-profit organization within this membership level.

2 – Top Gaining Projects in the Cardano Ecosystem

On the 27th of June, crypto data platform CoinGecko revealed the price performance (top gainers) of projects in the Cardano ecosystem. Besides, the report covers a seven-day period. The top gainers are:

  • ($OCC), a suite of DeFi solutions designed for Cardano, has the most gain. It also has a 25.4% rate of increase in price performance.
  • ADAPad ($ADAPAD), a deflationary launchpad for Cardano-based projects, has the second most gain. It amassed a 15.9% rate of increase in price performance.
  • Orion Protocol ($ORN), a decentralized gateway for accessing major CEXes, DEXes, and swap pools, has the third most gain. It has a 13% rate of increase in price performance.
  • Matrix Labs ($MATRIX), a multi-chain DEX aggregator, is in fourth place. It also has a 12.9% rate of increase in price performance.
  • Vent Finance ($VENT), a community crowdfunding ecosystem, lands in fifth place. It has a 4.7% rate of increase in price performance.

3 – Top Low Market Cap Projects on Cardano

Finally, we will take a look at the top low market cap projects on Cardano, as reported by CoinMarketCap. It’s also important to note that these are projects with a market cap of $100 million or below.

Besides, we will be ranking these projects based on their 24-hour trading volume on the 24th of June. The projects include:

  • World Mobile Token ($WMT), a digital token with special utility for users, is first with $1.3 million in trading volume.
  • NFT-MAKER ($NMKR), an NFT solution on Cardano, is in second place with $560k in trading volume.
  • Revuto ($REVU), a native token that saves users money when paying subscription charges, is third. It also has $351k in trading volume.
  • ADAX PRO ($ADAX), a Cardano-based decentralized exchange protocol, is fourth with $246k in trading volume.
  • Verlux ($VLX), a Cardano-based decentralized cross-chain NFT platform, makes up the top five with $188k in trading volume.

$ADA Price Analysis

As of the time of publication, Cardano price was $0.467431 with a 24-hour trading volume of $674,554,094. ADA price also dropped by 3.8% over the last 24 hours. Besides, it has a circulating supply of 33.8 billion ADA coins and a total supply of 45 billion.

We also hope you’ve enjoyed the latest Cardano updates.

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