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Cardano Prediction 2023: Will Cardano reach 1 $ after the FTX Crash?

Cardano is still doing good despite the crash. Will Cardano reach 1 $ post FTX crash? Let’s see what ADA holds in this Cardano prediction.

The year 2022 was less successful for Cardano from the ADA course side. But these price losses are understandable given the bear market. Nevertheless, the project hopes for a successful year in 2023. The signs are not bad despite the low prices of ADA. Will Cardano reach 1 $ after the FTX crash? Let’s see what ADA holds in this Cardano prediction.

Cardano 2022: How did ADA perform?

In the bullish year 2021, the ADA price saw massive gains, and the Goguen development phase was completed with the implementation of smart contracts. A year later, work on the scalability of the Cardano blockchain begins. This phase of development is called Basho and it started this year.

The first big step was the Vasil update . This significantly increases the transaction throughput of the Cardano blockchain. Furthermore, Cardano is in the development of the layer 2 scaling solution Hydra, which should also massively increase the speed again. At the end of 2022, the network took the first important steps to make its network extremely scalable. 

Cardano 2023: How will Cardano perform next year?

Despite the price losses of the ADA token, 2022 was a very exciting year for Cardano. Despite the usual delays, the network is still on an excellent path to becoming possibly the most technically mature and successful blockchain in the future.

The year 2023 should bring the maturity of the functions that guarantee massive scalability in the network. But other interesting projects are also planned for Cardano in the coming months.

What are the most important Cardano projects in 2023?

At this year’s Cardano Summit, developer Emurgo recently announced the development of its own stablecoin for early 2023. This is said to be the USDA stablecoin. It is based on the well-known USDC (Circles USD-Coin). With the USDA, users can convert their US dollars directly 1:1 and thus participate in the Cardano DeFi system. Especially the DeFi growth is one of the most important goals of Cardano, since the use cases are comparatively still very small. 

The algorithmically supported stablecoin DJED could be launched before the USDA. This should give easy access to stablecoins in the Cardano ecosystem. This would open the way for the network to support decentralized payments with the US dollar worldwide. 

Another important project for 2023 is Cardano’s own privacy chain called Midnight. The developers have been working on this project in secret for the past few months. It is said to be a Cardano side-chain, which is said to have its own token called Dust and anonymously executable smart contracts. This privacy chain should also include possible access for regulators without breaking the privacy of users. 

How can those projects affect the Cardano Prediction?

In 2022, the ADA token lost massively in value. However, this was due to the development of the overall market with a strong bear market. However, the year 2023 could be more positive for the ADA course again. 

On the one hand, the developments mentioned are promising and could again attract many new investors to Cardano. On the other hand, the overall market should move upwards again. The second year of the bear market was already in the last cycle a year in which prices at times rose more strongly again. This could also be the case again in 2023. 

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Source: Altcoin

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Best exchange cryptocurrencies to buy this week

UNI and SUS are native tokens of the leading decentralised exchanges and have been performing well today. BNB is underperforming today but could rally higher over the coming days.  The total crypto market cap could reach the $900 billion mark in the near term. The cryptocurrency market is trading in the green zone for the […]

The post Best exchange cryptocurrencies to buy this week appeared first on CoinJournal.

  • UNI and SUS are native tokens of the leading decentralised exchanges and have been performing well today.

  • BNB is underperforming today but could rally higher over the coming days. 

  • The total crypto market cap could reach the $900 billion mark in the near term.

The cryptocurrency market is trading in the green zone for the second consecutive day this week. The total market cap stands above $850 billion and could rally higher over the next few hours.

With most cryptocurrencies performing well this week, we will focus on exchange-based tokens and look at the top five you can buy before the end of the week.

Top five exchange tokens to buy this week

Uniswap (UNI)

UNI, the native token of the Uniswap decentralised exchange, is one of the best-performing exchange tokens this week. The token has added more than 4% to its value in the last 24 hours. At press time, the price of Uniswap stands at $5.73 per token.

UNI is an excellent choice because Uniswap remains the number one decentralised exchange in the world, processing over $700 million in daily trading volume. 

Where to buy Uniswap now

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy UNI with eToro today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy UNI with Bitstamp today

Sushiswap (SUS)

Sushiswap is the second decentralised exchange to make this list. SUS powers the Sushiswap exchange and has been performing well over the last 24 hours. The token is up by more than 4% in the last 24 hours and is now trading at $1.41. 

Uniswap remains ahead of Sushiswap, with Sushiswap processing roughly $20 million in daily trading volume. However, its SUS token is still a leading exchange coin. 

Where to buy Sushiswap now

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy SUSHI with eToro today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy SUSHI with Bitstamp today

Cronos (CRO)

The native coin of the Crypto.com cryptocurrency exchange is also trading in the green zone today. Cronos is up by less than 1% in the last 24 hours but could rally higher over the coming hours and days.

At press time, CRO is trading at $0.06447. Crypto.com is one of the top 20 cryptocurrency exchanges by trading volume and processes more than $220 million daily. 

Where to buy Cronos now

CoinEx

Founded in December 2017, CoinEx is a global and professional cryptocurrency exchange service provider. CoinEx supports multiple languages and are providing global trading services in nearly 100 countries/regions.

Buy CRO with CoinEx today

Okcoin

Okcoin is a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. Okcoin's mission is to help decentralize finance and level the economic playing field for everyone around the world. Serves 190+ countries with over 100K+ active traders and investors.

Buy CRO with Okcoin today

Binance Coin (BNB)

BNB, the native coin of the Binance cryptocurrency exchange, is also one of the exchange tokens to consider. At press time, the price of Binance Coin stands at $300.19, down by 1% in the last 24 hours.

Binance is the world’s leading crypto exchange. Earlier today, the exchange announced that it had acquired the Japanese-regulated Sakura Exchange BitCoin. Thus, allowing Binance to operate legally in Japan following its exit from the country four years ago. 

Where to buy Binance Coin

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy BNB with eToro today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy BNB with Binance today

KuCoin Token (KCS)

The last token on this list is the KuCoin Token (KCS). Similar to BNB, KCS has been underperforming so far today. However, it could recover and rally higher in the coming hours or days. 

KCS is currently trading at $6.71 per coin. KuCoin is the fourth-largest crypto exchange and processes nearly $500 million in daily trading volume. 

Where to buy KuCoin Token now

As KCS is such a new asset, it's yet to be listed on major exchanges. You can still purchase KCS using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy KCS right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You'll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the 1Inch DEX

Head to 1Inch, and 'connect' your wallet to it.

4. You can now swap your ETH for KCS

Now that you're connected, you'll be able to swap for 100s of coins including KCS.

The post Best exchange cryptocurrencies to buy this week appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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