Top Cardano news february week 2

There are weekly updates and developments in the Cardano ecosystem. Accordingly, Altcoin Buzz takes a look at these updates and developments from the second week in February to keep readers informed.

From the week, Cardano announced a new initiative. Besides, we’ll also take a look at the top gainers on the Cardano ecosystem.

1 – Cardano Introduces Oura

During the week, Cardano announced the launch of Oura. This tool can analyze the Cardano blockchain’s behavior which can immediately identify anything that is affecting the excution

In addition, this new initiative can serve as a library for custom scenarios, a bridge to other persistence mechanisms, and a trigger of custom actions.

2 – Cardano Ecosystem Projects by Trading Volume

We’ll also take a look at the top-rated Cardano ecosystem projects by trading volume. According to CoinMarketCap’s report.

Note: This report was published on February 15th, so the current stats have been modified.

  • Orion Protocol ($ORN) has the most trading volume, with $98,619,486 within a seven-day period.
  • SingularityNET ($AGIX) is second with a trading volume of $60,539,434 within a seven-day period.
  • ADAX PRO ($ADAX) is third with a trading volume of $15,552,988 within a seven-day period.
  • Ergo ($ERGO) is fourth with a trading volume of $13,725,230 within a seven-day period.
  • ADAPad (ADAPad) makes the top five, with a trading volume of $5,182,109 within a seven-day period.

3 – Top Gainers on Cardano Ecosystem

Based on a CoinGecko report, the following projects are the top gainers (best price-performance) on the Cardano ecosystem within a seven-day timeframe:

  • Vent Finance ($VENT) had the best price-performance, it recorded a 22% rate of increase within the timeframe.
  • Matrix Labs ($MATRIX) is next, it recorded a 16.7% rate of increase in price-performance within the timeframe.
  • CardWallet ($CW) is the last project with positive price performance. It had a 0.6% rate of increase within the timeframe.

$ADA Price Outlook

As of the time of publication, the price of ADA is currently trading at $1.08 with a 24-hour trading volume of $735 million and a marketcap of $34 billion. Also, the price dropped by 2.3% in the last 24 hours. Besides, it has a circulating supply of 32 billion ADA coins and a total supply of 45 billion.

Also, join us on Telegram to receive free trading signals.

Furthermore, find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.


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