The bulls are retracing the target to $0.375 as the momentum builds

IOHK updates, FTX infection and NASDAQ provided support

On Friday, Input Output HK (IOHK) released its first weekly development update of the year. to me a report On January 13th

  • 112 projects have been launched on the Cardano Network, up one from December 17.
  • The total number of projects built on the Cardano network reached 1,162, up nine from the previous report.
  • Plautus texts totaled 5,386, of which 537 were Plautus V2 texts. As of December 17, Plautus’ texts total 4,855.

Before Vasil’s hard fork, the number of projects launched on Cardano was 98, with 1,100 projects built on the Cardano network.

Other stats included 58.7 million transactions (previously reported: 56.8 million), 7.50 million local tokens (PR: 7.28 million), and 68,167 policy tokens (PR: 66,902).

While the rise in Plautus texts and transactions has been positive, the increase in new projects has been modest.

However, investors ignored the project’s latest numbers. Recent network updates, including the release of the Cardano Sidechain Toolkit and the expected launch of two algorithmic stablecoins, have provided support.

The increased franchise activity, new ADA-linked products, and the jump in the overall value of Cardano so far this year provide a bullish outlook for the future.

According to DeFi Llama, Cardano’s total closed value (TVL) is $73.3 million this morning, up 9.21% in 24 hours and 44.3% year-to-date.

Leave a Reply

Your email address will not be published. Required fields are marked *