Cardano Updates | Top-Performing Projects on Cardano | Dec Week 4

There are some recent updates from the Cardano ecosystem. Thus, Altcoin Buzz looks at some of the updates from the fourth week of December to keep readers informed.

We will take a look at the top-performing projects on the Cardano blockchain. In addition, Idowall users can now stake and trade Cardano tokens with its new IdoWallet. Let’s look at these Cardano updates from last week in detail.

1 – Top-Performing Projects on Cardano

According to a report from CoinMarketCap, the top-performing Cardano-based projects (in line with their price outlook within a seven-day time frame) are:

  • GeroWallet ($GERO) is 1st on the chart, gaining 34.68% within the seven-day period.
  • Cardano ($ADA) is 2nd on the chart with a 17.49% increase within the seven-day period.
  • SingularityNET ($AGIX) is 3rd on the chart with a 16.71% increase within the seven-day period.
  • Orion Protocol ($ORN) is 4th on the list, gaining 14.86% within the seven-day period.
  • CardStarter ($CARDS) also appears on the chart, gaining 12.77% within the seven-day period.

2 – Idowall Rolls Out IdoWallet

Idowall, a Cardano-based launchpad, is launching the IdoWallet. Therefore, making it possible for users to stake and trade Cardano tokens.

Besides, the $WALL token serves as the utility token on IdoWallet. Users can also stake the $WALL token and utilize it in farming and earning more $ADA. They can also stake $ADA and get $WALL in return.

Notably, the new wallet carries out other functions, such as:

  • Providing lesser gas fees relative to other crypto wallets.
  • For staking and providing liquidity.
  • The wallet is also user-friendly (which is advantageous to newbies) and can offer instant transfers to any location.
3 – Top Cardano Projects Based on Trading Volume

Last week, we also got a report of the top-rated projects on Cardano (based on their trading volume).

According to CoinMarketCap’s report, which considered a seven-day time frame:

  • ADAX PRO ($ADAX) tops the chart with $104,405,689 in volume.
  • Orion Protocol ($ORN) is next on the chart with $29,038,254 in volume.
  • SingularityNET ($AGIX) closely follows Orion with $28,052,031 in volume.
  • Ergo ($ERG) takes fourth place with $20,687,410 in volume.

$ADA Price Outlook

As of the time of publication, Cardano’s price was $1.32 with a 24-hour trading volume of $1,361,533,173. ADA price also dropped by 7.2% 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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