As a seasoned crypto investor who has seen the ups and downs of this wild rollercoaster ride, I must admit that the recent surge in ADA‘s price has caught my attention. The Daedalus v7.0.0 upgrade seems to have struck a chord with the community, making it easier for users to participate in Cardano‘s governance. This, coupled with the rumors of a potential partnership between Cardano and Ripple, has certainly spiked my interest.
In the past 24 hours, the value of Cardano’s native token, ADA, has surged by over 10.6%, outperforming both Bitcoin (BTC) and Ethereum (ETH). While BTC and ETH saw gains of 2.1% and 5.3% respectively during this timeframe, ADA stood out as the top performer in the crypto market.
After the release of version 7.0.0 upgrade for the Daedalus full-node desktop wallet software on the cryptocurrency network, its price has seen an increase. This update simplifies how users can delegate their voting rights to representatives within the cryptocurrency’s ecosystem and provides them with the option to automate their voting process, thereby enabling participation in Cardano’s governance.
🌐 Now Available: Daedalus Version 7.0.0 for Mainnet, Pre-Production, and Preview!
— Input Output (@InputOutputHK) December 11, 2024
In addition to the fresh updates, this version introduces a new “Voting Preferences” tab where users can choose their registration options for every wallet managed within Daedalus. This move marks a significant stride towards the Cardano Constitution referendum that is expected to take place in the early part of next year.
Additionally, whispers are spreading about a potential significant collaboration between the Cardano and Ripple networks. The creator of Cardano, Charles Hoskinson, has even hinted at conversations he’s had with Ripple’s chief executive officer, Brad Garlinghouse.
I recently had a conversation with @bgarlinghouse. He’s an exceptional leader and works exceptionally well with others, and I can’t wait to witness what lies ahead for him and his company.
— Charles Hoskinson (@IOHK_Charles) November 12, 2024
At the moment, it’s not entirely clear what form this collaboration might take, but whispers hint that Cardano’s private-oriented sidechain, Midnight, may be part of it. Additionally, there are rumors suggesting a potential integration of XRP with Cardano’s smart contract platform could also be involved.
At present, these discussions are taking place following the approval by the New York Department of Financial Services (NYDFS) for Ripple’s RLUSD stablecoin to progress. As per Ripple’s CEO Brad Garlinghouse, “it won’t be long before you see exchange and partner listings go live.
Last week, as per CryptoGlobe’s report, investments in cryptocurrency products focusing on XRP surged with $134.3 million, representing about 48% of the total $275 million inflow these products have experienced this year, according to CoinShares’ Digital Asset Fund Flows data.
During a week that saw unprecedented investments in crypto currency products, an astounding $3.85 billion was poured into these funds as the crypto market experienced a surge.
Read More
- VVAIFU PREDICTION. VVAIFU cryptocurrency
- General Hospital Spoilers: Will Sasha Let Robert Scorpio Into Her Life?
- Will Michelle Yeoh Appear In Avatar 3? Here’s What James Cameron Had To Say
- Tom Holland Teases a Completely Different ‘Spider-Man 4’: “The idea is crazy.”
- EUR INR PREDICTION
- WIF PREDICTION. WIF cryptocurrency
- DC Comics Reunites Batman Creators Jeph Loeb and Jim Lee for HUSH Sequel
- Face To Face With Scott Peterson TRAILER Shares New Look At Infamous Crime 20 Years After Suspect’s Sentencing
- ‘It Gets Harder And Harder To Write Science Fiction’: James Cameron Addresses The Challenges Of Sci-fi Genre
- Common & Pete Rock show classic footage & their celebrity friends in ‘Dreamin’ video
2024-12-12 15:27