Will the increase in users seen in Cardano's DeFi footprint and network activity be sufficient to support the recent bullish price movement in ADA? Find out more!
Although it may seem unlikely for the Algorand community to accept such a suggestion, the proposal gains relevance amid AlgoFi's shutdown announcement on July 11. The decision followed the SEC’s allegations of security-like characteristics against Algorand due to its initial coin offering . This could provide a way for Algorand to avoid regulatory scrutiny, and it could also boost the adoption of Cardano’s ecosystem.
Cardano's nonfungible token sales, as reported by CryptoSlam, surged by 56% to $3.1 million, outperforming leading platforms like Solana and Ethereum.The recent rally in ADA is certainly encouraging, but there are still some risks to consider before investing in the project.
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