The price of the cryptocurrency also went up significantly in the past days and hours. The price rose to 0.48 euros and thus increased by more than 6% within a short period of time. This, in turn, can be considered a continuation of the upward trend. What’s next for Cardano?
Cardano: New opportunities for cryptos
Cardano is considered a “blockchain-based project in the field of cryptocurrencies, which was launched by Ethereum co-founder Charles Hoskinson. The objective is to scientifically research known difficulties of previous blockchain projects and offer solutions, that’s how Wikipedia describes the attempt.
Now there was interesting news about the cryptocurrency. For example, a first so-called lending platform with NFTs was about to be launched. This would enable users of the cryptocurrency to lend bonds backed by Cardano in the form of NFTs. It could be launched as early as mid-September, according to reports.
On September 13 it comes to the launch, the lending platform for Cardano. Already on August 30, there was a final test, according to the message.
On Aada Finance, quite specifically, users, i.e. lenders and borrowers, can provide deposits in NFT bonds. These could be “cashed in” at any time. The underlying NFT would then be made available.
The advantage of this design, it is said, is that it would provide an “entirely new financial instrument.” This, in turn, may be partly responsible for the improved sentiment against the otherwise sideways-running cryptos in recent days.