- Charles Hoskinson discloses the arrival time frame of DEXes built on Cardano.
- Sundaeswap will be launching the testnet by today (December 5).
- Cardano’s native token ADA reach its price above $1
Cardano creator and the Chief Executive Officer (CEO) of Cardano – focused development firm Input Output Hong Kong (IOHK), disclosed on a public platform that, decentralized exchange (DEX) on Cardano is only a few weeks away. Most probably it might arrive by Christmas time.
Moreover, Charles Hoskinson stated, “Really proud of this team for all their hard work and getting things done so quickly. I don’t imagine they will be on the testnet for long. With any luck, looks like DEXes are coming just in time for/around Christmas”.
Furthermore, he mentioned that he is very proud of the team for their toil and pulling-off things swiftly with Sundaeswap. It will be launching the testnet by today (December 5). Cardano is reaching a new milestone of 20 million transactions without a single outage in the network’s four-year history.
Henceforth, Charles Hoskinson discloses the arrival time frame of DEXes built on Cardano. Eventually, Cardano’s native token ADA reach its price above $1 despite the market crash. Crypto enthusiasts are awaiting the digital asset breaking through the barriers towards previous highs.
ADA Current market Status
Cardano (ADA) is found to be the sixth-largest cryptocurrency in the crypto market. At the time of writing, according to CoinMarketCap, Cardano’s price was trading at $1.39 with a 24-hour trading volume of $3,025,342,534. The circulating supply of ADA is 33.31B ADA. In the last 24-hour ADA price gained over 2%. It can be traded in top cryptocurrency exchanges such as Binance, Mandala Exchange, OKEx, Huobi Global, and CoinTiger.
Accordingly, ADA price has been trading in the frequency from $1.17 to $1.61. ADA price well managed to stay above the $1 market regardless of the shortcomings. If this bullish trend continues we can expect ADA to reach its target level at $2.3 by breaking its resistance level around $1.88. Therefore, most probably we can expect the arrival of DEX within or sound Christmas time. This might also help ADA to reach more heights.