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Cardano {ADA} Daedalus update; ADA wizard to attend World Blockchain Summit in Singapore

Cardano is presently ranked at #12 beneath TRON on coinmarketcap. The price of ADA fell by 1.66% and now stands at $0.055708. The trading volume recorded in the course of the past 24-hours is $53.320 million which is quite low when compared to the valuation of Cardano. The total market cap of Cardano is $1.444 billion.

Bitcoin Dominance rate is almost at 65%. The circulating supply has 25,927,070,538 ADA tokens involved as of this moment.

Pretty soon, the Cardano Network will be fully decentralized [some sources report we may witness complete decentralization by November this year]. IOHK talked about the design being developed for the Countdown page.

However, few still believe that the venture would take a longer duration to finish, as the first phase of the testnet is not over.

As decentralization comes about, it will help stakeholders earn rewards for the purpose of aiding in the operating of the network. Direct participation in the “process of staking” will henceforth be possible. Delegation of stake for pools so as to bring about rewards in the form of data can also be carried out.

The difference in terms of market capitalization for Monero [ranked at #13] and Cardano is less than $100 million. ADA can take on TRX in the market like in the past, but it must show proper bullish momentum.

The transaction speed for transfers from exchanges to the Daedalus wallets have sped up as well.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.