Cardano keeps pushing forwards, adding dapps and new projects to its ecosystem. Binance’s BNB coin goes down in value along with many cryptos, but it is still up from December lows, possibly indicating the crypto community’s loyalty to Binance and its famous founder CZ. Orbeon Protocol defies expectations as it smashes development targets and enters the 9th stage of presale, bringing its price to $0.835
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Cardano keeps hitting new milestones
Sometimes Cardano feels like the slow but intelligent child of crypto. It took an extremely long time for anything visible to happen, eg the deployment of smart contracts on the chain, (or say, the child deciding to speak) but now that things are moving, we are seeing a lot of progress in the form of updates, and perhaps a desire to be constantly patted on the back with approval.
A recent update confirms there are now 117 dapps live on the system, and over 1000 in development. The team had a Valentine’s themed upgrade paying tribute to “the love of DApps.” and recently an upgrade named Plutus, which serves to enhance interconnectivity among smart contracts in the field, a hot topic for anyone concerned about the fragmentation of blockchain tech being spread over many chains.
Charles Hoskinson was recently criticized about the centralisation of governance of Cardano, due to the structure of IOG. Whilst Hoskinson denied the claims made by Vanessa Harris, he acknowledged that governance is complicated. Centralisation has historically been bad for crypto (think TerraForm Labs) but lack of initial centralisation has been cited as making it difficult to make concerted decisions and actions. Harris claims that Cardano can never become truly centralized. Some of the Cardano community saw the claims as FUD, whilst others were more concerned.
Either way, the growing number of dapps on the platform is very likely to bring a lot more investors and users and this is very likely to push the price of ADA higher, and when the upcoming Hydra scaling feature is completed this has the potential to position Cardano as the most scalable network, which could also have a positive impact on ADA in the long run.
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BNB faces regulators via Paxos
A few weeks ago, the crypto community was shocked by the revelation that regulators were coming after Paxos, the company behind Binance’s stablecoin BUSD. Given the uncertainty around the collateralisation of USDT, and the concerns many have of the ownership and control behind USDC’s circle (let alone the tangible fear of algorithmic stablecoins such as DJED and UST), many in the crypto community are wondering how to hold their fiat digitally. Overall though, the bad news seems to have done little to affect the price of BNB, or to destabilize the trust in Binance’s Changpeng “CZ” Zhao. Then again, the price of BNB did fall with the ‘Paxos Valentine’s Day present’, and whilst it rebounded, it has since been correcting and is now trading at around the $280 mark once again.
Orbeon Protocol brings incredible investor returns and excitement to the community
Orbeon protocol has been exciting investors by offering a well designed product, team and business model that allows ordinary people to get involved in seed and angel rounds of startups and early stage businesses.
While the Orbeon Protocol presale was supposed to end in January with ORBN launching on Uniswap, a swathe of demand meant that the tokens were sold out way ahead of time. This and other developments made the team release an extra part of the token supply for sale.
Orbeon Protocol, who have been audited and KYCd, are hoping that they can attract enough additional holders and funds in order to launch ORBN on a CEX like Binance, as well as a DEX. Crypto analysts have suggested that ORBN could well reach $0.24, representing a mammoth 6000% gain for early holders.
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