💰 Cardano-based stablecoin USDM / ADA in a consolidation phase / Midnight Superpowers

🔥 Today's highlights

Cardano-based stablecoin USDM is very near to launch - USDM, a fiat-backed stablecoin on Cardano, is set to launch soon with support from the Mehen Protocol. The protocol has made significant progress in developing the project. (link)

Cardano on the Cusp of a ‘Decisive Move’ to the Downside, Says Top Analyst Benjamin Cowen – Here’s the Timeline - Crypto strategist Benjamin Cowen warns his YouTube subscribers that Cardano (ADA) may be about to make a significant downward move. Cowen, who has a large following of 787,000 subscribers, suggests that Cardano is on the brink of a potentially unfavorable situation. (link)

Cardano (ADA) Addresses In Loss Rise Over 94%, Is It Time To Jump Ship? Cardano's price has dropped 45.6% from its yearly high and shows no signs of slowing down. Data reveals that most Cardano holders are currently experiencing losses. (link)

Cardano in a consolidation phase - Where to next? ADA experienced a 7% decrease in value over the past week, hindering a potential upward breakout by December. Cardano's weekly price chart reflected the decline as it turned red. (link)

Cardano, Solana, And Ethereum Under Heat, Data Points To More Trouble For Altcoins - Bulls temporarily halted the selling pressure affecting Cardano, Solana, and Ethereum, stabilizing the altcoin market. However, recent data suggests potential changes ahead. (link)

Cardano's Midnight Superpowers Uncovered: Details - Cardano (ADA) has recently launched the Midnight Protocol, a sidechain. The protocol, developed by Input Output Global (IOG), has been actively promoted on Cardano's official social media account. (link)

CSWAP: Partner Staking + CSXP - We are excited about our recent token launch, which is now tradable. As a result, we need to make changes to our partner staking program. (link)

Weekly Token Spotlight: MIN - The MIN token is the utility and governance token for Minswap, a Cardano blockchain-based decentralized exchange (DEX). (link)

Cardano Staking Reaches All-Time High at $5.7 Billion: How Will It Impact ADA's Price? Cardano investors are turning to staking to limit losses as ADA faces resistance at $0.30. Staking helps boost the ADA price by reducing available supply during market uncertainty and is becoming popular among Cardano (ADA) investors. (link)

Cardano Founder Reacts as CoinMarketCap Refers ADA as ‘Biggest Loser’ - Cardano founder Charles Hoskinson responds to CoinMarketCap calling ADA the "biggest loser." In a tweet, he shares a screenshot of CMC data, emphasizing the top performing cryptocurrencies and defending the value of ADA. (link)

🐦 Tweet of the day

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