Canadian Project

Cardano’s (ADA) price has plummeted 40%.
Many think this is an end-game for Cardano.
Solana has now flipped Cardano in the top 10 cryptos.
Crypto price action sentiments are not yet on a flat tire. This time, one of the major Ethereum-based rivals, Cardano (ADA) seems to be facing a hard time in its price performance. In that sense, does this represent the end-game for Cardano or there is more hope for it in the coming days?

According to a report, Cardano’s native token ADA, has its price dropped by over 40% in the market. The drastic price drop commenced from Cardano’s all-time high (ATH) when it was nearly changing hands for good in terms of price action.

Beginning of its rally of late, several other cryptos have taken ADA’s downtrend as a huge advantage to perform strongly, more and more. Particularly, Solana (SOL) garnered huge momentum and has presently flipped Cardano within the space of the top ten cryptos.

Technically, like how people thought that the launch of Cardano’s much-anticipated smart contract will bring something better, eventually, it seems that it’s just toying around. Many attribute ADA’s underpriced action to some of its pieces of infrastructure that got delayed during the launch. With this, lots of developers can’t release their DApps built on the Cardano blockchain for now.

Meanwhile, on-chain projects such as Solana, Algorand, Elrond are already having DApp support on their network. That said, despite anything that will happen, there is more hope for Cardano to regain its full strength than ever before.

Much has been said recently about Facebook’s decision to rebrand to Meta, with both arguments for and against but what is without question is the overwhelming effect it has had on the metaverse crypto currency market.

Over the past couple of weeks, we have seen metaverse cryptocurrencies rally and this looks set to only be the start of this sector’s growth during the rest of 2021 and into 2022. Much of this growth has been the realization of the virtual world becoming more and more attractive for millions of people around the world because of the endless amount of possibilities on offer for users.

Axie Infinity (AXS)

AXS/USD daily price chart. Source: TradingView

Axie Infinity, a blockchain based trading and battle online digital play-to-earn game, saw its market cap reach up to $8.4 billion before correcting to just over $8 billion.

Axie Infinity’s native cryptocurrency token (AXS) rallied off the back of the increased metaverse “fomo” with gains of over 20% to reach a price of $150 dollars before correcting to just over $130 dollars.

With Axie being the market leader in the metaverse gaming sector, seeing these types of gains speaks volumes to the newer, lower cap blockchain based gaming projects as they seek to make a name for themselves throughout the rapidly increasing adoption of play-to-earn games.

JEDSTAR (JED)

Centcex exchange will be offering better security.
Centcex exchange will offer a better user experience.
here will be more products on the Centcex ecosystem than Safemoon.
Centcex, a blockchain-based project that is creating a decentralized economy, has received thousands of Safemoon community members over the last few days. This is after the platform launched and recorded a skyrocketing growth of 3000% on the launch day. It’s a record-breaking growth that is catching the attention of Safemoon and other cryptocurrency investors.

Centcex is a project that is building a decentralized economy that provides users an ultra-secure trading environment and a better users experience than what current decentralized platforms are offering. The team is building a platform that will address shortcomings in the currently decentralized systems, with security and scalability being the major ones.

The crypto project has also developed an innovative reward system that is attracting crypto investors, including Safemoon community members. The huge number of products on the Centcex ecosystem and the widely anticipated staking process are among the project aspects attracting thousands of Safemoon and other investors.

Centcex is building one of the most powerful cryptocurrency exchanges in the market. The Centcex Exchange is a game-changer due to astounding security, speed and privacy, features making it superior to other exchanges.

On the security issue, Centcex exchange is using a Proof-of-Stake (PoS) protocol, which provides better security. The PoS consensus method uses validators who are responsible for creating new blocks on the blockchain and verifying all transactions on the exchange. It will be impossible for a small group or one person to complete a transaction that compromises exchange security. That’s how this exchange will become more secure.