• Cardano (ADA) price has surged 10% in the past 24 hours as altcoins blast higher.
• The trading volume of the asset has also increased by over 190%.
• Cardano blockchain recently announced its latest node version, v.1.35.6, to allow for dynamic P2P networking capabilities and to maximize the network’s resilience against hostile conduct and outages.
ADA Surges 10% in 24 Hours
Cardano (ADA) price started the day ranging between $0.37 and $0.40, representing a significant increase of 10% in the last twenty-four hours. When this article was written, the price of ADA on CoinMarketCap was reported to be $0.3797, with XRP being the top gainer on March 22 due to its recent significant price increase over the last 24 hours.
Increase in Trading Volume
The trading volume of ADA has also increased by over 190% in a single day at the time of publication. According to analytical findings provided by Messari, there has been an increase of 31% in active cardano wallet addresses over the last week as well.
Latest Node Version
Cardano blockchain recently announced its latest node version – v1.35.6 – which allows for dynamic peer-to-peer (P2P) networking capabilities and is designed to enhance the network’s communication architecture and maximize its resilience against hostile conduct and outages. Stake pool operators are now testing out this capability (SPOs).
DJED Stablecoin
In addition, Cardano released it’s ADA-backed stablecoin called djed (DJED) late January; according to CoinMarketCap data, DJED’s price had increased 1.05%. The network also supported another plan known as CIP-1694 which is meant to speed up its transition into Voltaire – “on-chain decentralised governance“ phase of Cardano ecosystem – with this proposal as well..
Conclusion
Altogether, Cardano continues making progress towards becoming one of leading blockchain networks thanks to their regular updates and new features that have helped drive investor interest in ADA token over time!