{"id":13861,"date":"2022-04-15T11:21:17","date_gmt":"2022-04-15T11:21:17","guid":{"rendered":"http:\/\/egrowonline.com\/?p=13861"},"modified":"2022-04-15T11:21:17","modified_gmt":"2022-04-15T11:21:17","slug":"cardano-price-prepares-for-massive-breakout-with-arrival-of-tether-and-usdc-on-its-blockchain","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=13861","title":{"rendered":"Cardano price prepares for massive breakout with arrival of Tether and USDC on its blockchain"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Tether\u2019s USDT and USD Coin have debuted on the Cardano blockchain through WingRiders DEX.\u00a0<\/strong><\/li>\n<li><strong>The arrival of leading stablecoins on the Cardano blockchain could drive a spike in on-chain activity and trade volume.\u00a0<\/strong><\/li>\n<li><strong>Analysts are bullish on Cardano, believing ADA price has huge upside potential.\u00a0<\/strong><\/li>\n<\/ul>\n<p>Tether and USD Coin have arrived on the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/why-the-recent-550-million-defi-hack-could-have-severe-effects-on-axie-infinity-price-202203300950\" rel=\"noopener\">Cardano<\/a> blockchain through WingRiders DEX. Charles Hoskinson, the founder of the Cardano blockchain platform, announced the arrival of the notable stablecoins.\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">Cardano price is ready to breakout<\/h2>\n<p>Stablecoins have existed in the Cardano ecosystem; however, the arrival of notable ones like USD Tether and USD Coin could drive higher on-chain activity. Charles Hoskinson, co-founder of Ethereum and the founder of Cardano, announced their arrival in a recent tweet.\u00a0<\/p>\n<p>The decentralized exchange, WingRiders on Cardano has partnered with the Milkomeda Foundation, a Layer 2 Protocol on the mainnet. USDT and USDC would function as a safe haven and safeguard users\u2019 assets against volatility in the crypto market.\u00a0<\/p>\n<p>There could be a spike in the number of investors on the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/axie-infinity-price-continues-uptrend-as-origin-promises-free-axies-to-players-202202150758\" rel=\"noopener\">Cardano<\/a> network, following the arrival of USD Tether and USD Coin on the blockchain.\u00a0<\/p>\n<p>Leveraging Milkomeda\u2019s sidechain, WingRiders has introduced the two stablecoins on Cardano.\u00a0<\/p>\n<p>Proponents believe as users bring their USDT and USDC to the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/shiba-inu-to-enter-the-metaverse-and-challenge-axie-infinity-sandbox-and-decentraland-202202091718\" rel=\"noopener\">Cardano<\/a> ecosystem, there could be a spike in the on-chain activity in the altcoin.\u00a0<\/p>\n<p>Analysts have evaluated the Cardano price trend and observed that ADA tested its target at $1.26. Analysts consider a 26% downswing in Cardano price a healthy retracement and believe ADA has a huge upside potential.\u00a0<\/p>\n<p>Analysts identified an inverse head and shoulders pattern in the Cardano price chart and predicted a reversal in ADA\u2019s downtrend. FXStreet analysts expect a 36% upswing in Cardano price.\u00a0<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Cardano price appears to bottom out with huge upside potential\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/TkemZKtGJy4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/cardano-price-prepares-for-massive-breakout-with-arrival-of-tether-and-usdc-on-its-blockchain-202204151029\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether\u2019s USDT and USD Coin have debuted on the Cardano blockchain through WingRiders DEX.\u00a0 The arrival of leading stablecoins on the Cardano blockchain could drive a spike in on-chain activity and trade volume.\u00a0 Analysts are bullish on Cardano, believing ADA price has huge upside potential.\u00a0 Tether and USD Coin have arrived on the Cardano blockchain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[7263,73,528,266,527,678,195,144,2112],"class_list":["post-13861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-arrival","tag-blockchain","tag-breakout","tag-cardano","tag-massive","tag-prepares","tag-price","tag-tether","tag-usdc"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/cardano_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13861"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13861\/revisions"}],"predecessor-version":[{"id":13862,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13861\/revisions\/13862"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/716"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13861"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}