Cardano (ADA): Djed’s Shen Token Can No Longer Be Minted

COTI CTO Shahaf Bar-Geffen announced today that the minting of the Shen (SHEN) coin has come to an end as the platform has reached 800% over collateral for the Djed (DJED) stablecoin.

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Cardano’s Djed Stablecoin Hits Official Release

COTI has announced the launch of Cardano’s Djed stablecoin on January 31st, 2023 – right on schedule.

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Cardano stablecoin DJED is now live on mainent

Despite the Terra (LUNA) algorithmic stablecoin debacle of mid-2022, which caused cryptocurrencies to plunge drastically from their all-time high, developers on the Cardano network have been undeterred in their pursuit of an overcollateralized crypto asset.

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Cardano price analysis: ADA struggles at $0.3839 as downtrend persists

The recent Cardano price analysis shows a bearish market with the price struggling to stay above $0.3854 and facing strong resistance from sellers. The downtrend is likely to persist in the short term, as the price has failed to break this resistance level.

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Cardano (ADA) up 52% MTD, Here Are Two Crucial Factors That Triggered Price

The Cardano ecosystem has continued to showcase impressive milestones as the protocol jostles to maintain its stance as the most vibrant Ethereum killer. While its current price action is bearish, down 1.20% over the past 24 hours, it is up by 52% in the month-to-date (MTD) period.

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Djed, the Algorithmic Stablecoin, Finally Goes Live on Cardano Mainnet

The much anticipated algorithmic stablecoin on Cardano – Djed goes live. But the scammers didn’t miss this opportunity.

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Cardano (ADA) Price Stutters After 67% Increase – Will Stablecoin Launch Bring Back Rally?

A correction is expected unless the Cardano (ADA) price manages to close above $0.39.

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Cardano (ADA) Poised For Continued Growth: On-Chain Indicators Display Positive Trends

Cardano, like other cryptocurrencies such as Bitcoin and Ethereum, has had a bullish start to 2023. The price of ADA rose from $0.243 to $0.4, a 66.6% increase, before hitting resistance. In recent weeks, a rising wedge pattern has formed, indicating a potential correction of 15% to $0.325 if a bear cycle occurs.

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Cardano’s (ADA) Djed Last Update Before Launch Is Out, Here’s What’s Inside

In a recently published tweet, COTI account shared that all the tests of Djed stablecoin have been completed successfully, and all other preparations have been done. The overcollateralized algorithmic Cardano-based stablecoin is ready for launch.

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