Crypto News: Cardano (ADA) was among the top altcoins to make a sharp rise following the historic summary judgment recently in the Ripple lawsuit against the US Securities and Exchange Commission (SEC). CoinGape previously reported that the altcoin was going through a long correction phase. A breakout past the USD 0.334 resistance level could push Cardano price above the USD 0.35 barrier, then past USD 0.382 and USD 0.42. Meanwhile, the altcoin ecosystem has seen some interesting launches and upgrades recently.

Also Read: XRP, DOGE Among Top Altcoins In Market Depth Peak After Ripple Ruling

Cardano is known as one of the busiest blockchain networks in terms of Github developer submissions. With the resurgence of the XRP token, network upgrades and integrations can go a long way in expanding the reach of the altcoins in the coming months.

Cardano upgrades, launches

On Monday, July 24, 2023, Cardano Protocol Indigo announced the successful completion of integration testing with the ORCFAX oracle, a move that helps the protocol implement decentralized oracle feeds. Likewise was Spectrum Labs, a reliable protocol for programmable cross-chain messaging launched on Cardano. MuesliSwap, a Cardano-based Decentralized Finance (DeFi) ecosystem, also had launched OptionFlow, a decentralized options protocol built on Cardano. OptionFlow provides transparent and reliable option creation and redemption, thereby enabling new ways to manage DeFi transactions.

On July 15, 2023, the adadomains app went live. The app allows users to own a custom .ada blockchain domain as a native NFT on Cardano. Previously, the Cardano Hydra Head protocol introduced a new upgrade earlier in July 2023 that improves performance.

Also Read: Pro-XRP Lawyer’s Twitter Account Hacked; Beware of fake rewards

Anvesh reports important crypto updates around regulations, lawsuits and trading trends. Published about 1,000 articles and counted on crypto and web 3.0. He is currently based in Hyderabad, India. Contact him at or

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

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