Cardano Hits Over 88M Transactions: How Will Price React?

• Cardano achieves a milestone of 88.6 million transactions.
• Improvements to cross-era behavior and node release preparations underscore Cardano’s commitment to continuous development.
• Experts predict a 4.46% price increase for Cardano.

Cardano (ADA) has reached a significant milestone with the completion of 88.6 million transactions, showcasing its growing influence and resilience within the blockchain community. 

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The recent update introduces substantial enhancements across various domains, demonstrating Cardano’s dedication to refining its infrastructure. Noteworthy improvements include modifications aimed at improving cross-era behavior, particularly in the areas of monitoring and transaction functionality. 

Preparations for the release of node version 8.10 are underway, integrating changes across consensus, Ledger, and networking components, further emphasizing Cardano’s meticulous approach to ensuring a robust ecosystem. Additionally, the Lace team has released version 1.9, introducing multi-wallet and multi-account functionality to enhance usability. This aligns with Cardano’s overarching goal of providing a comprehensive ecosystem for its users.

At the monthly review meeting, progress updates from both the Hydra and Mithril teams were presented. The Hydra team focused on addressing issues with broken heads and enhancing forward compatibility, while the Mithril team worked on implementing certification for Cardano transactions, thereby enhancing the project’s capabilities. 

IOHK’s latest report outlines significant statistics, including the launch of 164 projects, with over 1,300 projects currently under development, along with the circulation of over 9.86 million native tokens. These figures reflect the thriving community and growing ecosystem surrounding Cardano.

Looking ahead, experts predict a 4.46% price increase for Cardano, with technical indicators signaling a neutral sentiment and the Fear & Greed Index showing extreme greed at 79. As of the latest data, Cardano‘s live price stands at $0.576103.

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