Top cardano news may week 3

Every week, there are updates in the Cardano ecosystem. Accordingly, Altcoin Buzz covers some of the updates from the third week in May to keep readers informed.

Last week, COTI Network announced its collaboration with GeroWallet. We also take a look at the top gainers in the Cardano ecosystem.

1 – COTI Network Collaborates with GeroWallet

During the week, COTI Network, a DAG-backed technology platform announced its collaboration with GeroWallet, a digital wallet extension for accessing Cardano-backed dApps. This impressive collaboration will create a means that’ll make it possible for users to interact with dApps, and initiate payments with Djed. As well as, lending and borrowing Djed.

In addition, there are plans to partner and leverage ADA Pay, granting GeroWallet users the opportunity to use $ADA.

2 – Top Gainers of the Cardano Ecosystem

Cryptocurrency data platform, CoinGecko, also revealed the top gainers (price performance) on the Cardano ecosystem. Besides, the report covers a 24-hour time frame on the 17th of May:

  • Matrix Labs ($MATRIX) recorded the most gain within the specified timeframe. It had a 15.3% rate of increase in price performance.
  • Orion Protocol ($ORN) has the second-most gain within the specified timeframe. It had a 7.7% rate of increase in price performance.
  • Ardana ($DANA) holds the third-most gain within the specified timeframe. It had a 6% rate of increase in price performance.
  • Iagon ($IAG) has the fourth-most gain within the 24-hour timeframe. It had a 5% rate of increase in price performance.
  • Cardano ($ADA) makes up the top five with a 4.4% rate of increase in price-performance within the specified timeframe.

3 – Daedalus 4.10.0 for Mainnet is Now Available

During the week, IOHK, the technology company behind Cardano, announced the launch of Daedalus 4.10.0 for the mainnet. Besides, this version has the latest version of CardanoWallet (which also has the Cardano node 1.34.1) and a better user interface. The new version also offers:

  • better display of nameless native tokens
  • solves the pairing issue for Ledger Nano S on Windows

$ADA Price Outlook

As of the time of publishing this article, Cardano’s price was $0.5418 with a 24-hour trading volume of $728,000. ADA price went down by 8.1% over the last 24 hours. Besides, it has a circulating and total supply of 34 and 45 billion ADA coins, respectively.

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