Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Can bulls defend this critical level of support?

2025-06-05

ZK-proof Blockchain Altcoin Lagrange (LA) is getting away after the announcement of new Coinbase support

2025-06-05

Anthropic CEO calls for AI transparency, argues against Trump Bill’s decade-long state-controlling freezing

2025-06-05
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Shards Protocol lands $ 2 million from Animoca, YGG to grow web3 Identity Layer

    2025-06-05

    Soonchain Fores Partnership with Rei Network to define web3 gaming

    2025-06-05

    Maskdao acquires Orb.Club, which unlocks virality in the chain to stimulate the creator economy

    2025-06-05

    $ 650 million bridged to Solana in May, with $ 400 million contributing to Ethereum

    2025-06-05

    SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

    2025-06-05
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Anthropic CEO calls for AI transparency, argues against Trump Bill’s decade-long state-controlling freezing

    2025-06-05

    Former Doge -Head Elon Musk tells Wetgevers to kill Trump’s ‘big, beautiful’ account

    2025-06-05

    Hong Kong Reading to legalize Bitcoin and Crypto derivatives in PURT to Web3 leadership

    2025-06-05

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03
  • Analysis

    ZK-proof Blockchain Altcoin Lagrange (LA) is getting away after the announcement of new Coinbase support

    2025-06-05

    Successful retest of Breakout zone sets phase for the next leg higher

    2025-06-05

    Circle stock price Skyrockets 234% in less than 30 minutes, causing multiple commercial levels

    2025-06-05

    Here are the two most important graphs in the entire macro, according to the former Goldman Sachs director Raoul Pal

    2025-06-05

    Price slips further, investors on Edge

    2025-06-05
  • Learn

    What Is Crypto Staking? A Beginner-Friendly Guide

    2025-06-05

    What Are Liquidity Pools? A Beginner’s Guide

    2025-06-05

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Cardano [ADA]: DJED spreads its wings, prepares for multi-chain take-off
Altcoins

Cardano [ADA]: DJED spreads its wings, prepares for multi-chain take-off

2023-05-12No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • DJED will soon expand to multiple blockchain networks.
  • Although oversold, ADA offers a good buying opportunity on the daily chart.

Launched on the Cardano [ADA] mainnet on January 31, the network’s native over-collateralized stablecoin Jed [DJED] is set to expand to multiple blockchain networks.


How much are 1,10,100 ADAs worth today?


In a blog post published by Coti on May 11, the developers behind DJED said while the stablecoin “will remain unchanged when deployed on other blockchains,” it will exist as a wrapped token on these networks.

The developers added that a centralized bridging solution is needed to provide a secure platform and decided to partner with Chainport.

According to Coti:

“DJED will likely be integrated into Binance Smart Chain and Ethereum first, with other blockchains to be added at a later date.”

DJED announced its multichain expansion plans two weeks after the oversecured stablecoin launched on Milkomeda-C1, an EVM-compatible sidechain of the Cardano network.

DJED’s contribution to Cardano

Since its launch, DJED has accumulated a total of 36 million ADA tokens locked into its over-secured reserve. According to data from Defillamaat press time, the total locked value (TVL) of the coin was $15.08 million.

Despite the temporary decoupling of leading stablecoins USDC, USDT and DAI when Silicon Valley Bank (SVB) unexpectedly collapsed in March, DJED maintained its peg.

Source: DefiLlama

At the time of writing, Cardano’s TVL was $139.36 million. DJED ranked as the fourth highest contributor despite being released barely four months ago.

ADA’s price performance

At the time of writing, the coin was trading at $0.3603 in hands. While the rest of the market trades north, ADA’s Open Interest has been in decline since April 16.

See also  XRP Leads US Altcoin Trading with $150 Billion Volume, Overtaking SOL, Doge, ADA, SHIB

According to data from Mint glassthe alt’s outstanding interest has since fallen 33%.

When an asset’s outstanding interest falls, the market for the asset becomes more illiquid. It will also be marked by a decrease in the number of available buyers and sellers. It is often followed by a decline in the value of such an asset.

Source: Coinglass


Read Cardanos [ADA] Price Forecast 2023-24


Reviewed on a daily chart, ADA appeared oversold at the time of writing. However, the price rested on the lower band of its Bollinger Band indicator.

This meant that a price recovery was likely while the coin was trading below its average trading range and oversold. The bullish divergence that has developed between the ADA’s Chaikin Money Flow (CMF) and the borrowed price basis for this position.

Source: ADA/USDT on TradingView

Source link

ADA Cardano djed multichain Prepares spreads takeoff wings
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Can bulls defend this critical level of support?

2025-06-05

Doj closes 145 Bidencash sites: ‘No more anonymous’

2025-06-05

Solana flows the nail and possibly drags the price below $ 140, while the goal of $ 250 remains active

2025-06-05

Railgun Crypto pumps 30% after the transaction of Vitalik Buterin – What is waiting for us?

2025-06-05
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Why did the Bitcoin price fall below $41,000?

2024-01-19

Bitcoin’s 30% sprint altcoins – Hodl BTC or rotate capital?

2025-05-30

New outrage erupts over Warren’s anti-crypto bill as five more senators sign on

2023-12-11
Editors Picks

EON chain integrates with Bitgert to elevate crypto -innovation

2025-03-29

Bitcoin Cash rises 10%, boosted by new demand

2023-10-01

Cool Cats NFT Collection Participates in Macy’s Thanksgiving Day Parade

2023-11-23

Bankrupt Genesis Global Gets Court Approval to Pay Out $3,000,000,000 to Customers

2024-05-19

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Can bulls defend this critical level of support?

ZK-proof Blockchain Altcoin Lagrange (LA) is getting away after the announcement of new Coinbase support

Anthropic CEO calls for AI transparency, argues against Trump Bill’s decade-long state-controlling freezing

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,114.94-2.76%
  • ethereumEthereum(ETH)$2,430.32-7.26%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.11-4.40%
  • binancecoinBNB(BNB)$636.74-4.26%
  • solanaSolana(SOL)$146.33-4.60%
  • usd-coinUSDC(USDC)$1.000.03%
  • tronTRON(TRX)$0.2766411.48%
  • dogecoinDogecoin(DOGE)$0.172611-9.06%
  • cardanoCardano(ADA)$0.63-6.33%
  • hyperliquidHyperliquid(HYPE)$34.00-4.04%
  • suiSui(SUI)$2.97-6.95%
  • chainlinkChainlink(LINK)$13.09-5.52%
  • unus-sed-leoUNUS SED LEO(LEO)$8.81-0.68%
  • stellarStellar(XLM)$0.260157-2.57%
  • avalanche-2Avalanche(AVAX)$18.96-5.87%
  • bitcoin-cashBitcoin Cash(BCH)$382.67-4.67%
  • the-open-networkToncoin(TON)$3.05-5.15%
  • shiba-inuShiba Inu(SHIB)$0.000012-6.45%
  • hedera-hashgraphHedera(HBAR)$0.161767-3.94%
  • litecoinLitecoin(LTC)$84.23-5.05%
  • polkadotPolkadot(DOT)$3.89-3.39%
  • moneroMonero(XMR)$319.200.51%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • daiDai(DAI)$1.000.03%
  • bitget-tokenBitget Token(BGB)$4.55-3.76%
  • piPi(PI)$0.62-4.54%
  • pepePepe(PEPE)$0.000011-9.54%
  • uniswapUniswap(UNI)$5.94-5.96%
  • aaveAave(AAVE)$245.96-7.12%
  • bittensorBittensor(TAO)$359.11-5.12%
  • okbOKB(OKB)$49.81-0.59%
  • crypto-com-chainCronos(CRO)$0.098581-2.05%
  • aptosAptos(APT)$4.55-5.32%
  • nearNEAR Protocol(NEAR)$2.28-7.03%
  • internet-computerInternet Computer(ICP)$4.90-7.37%
  • ethereum-classicEthereum Classic(ETC)$16.42-5.17%
  • ondo-financeOndo(ONDO)$0.79-4.74%
  • gatechain-tokenGateToken(GT)$18.41-4.12%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • kaspaKaspa(KAS)$0.081903-1.78%
  • mantleMantle(MNT)$0.64-4.39%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.201114-6.64%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.83-9.82%
  • vechainVeChain(VET)$0.022788-4.45%
  • render-tokenRender(RENDER)$3.61-4.92%
  • ethenaEthena(ENA)$0.291688-8.03%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.72-9.25%
  • worldcoin-wldWorldcoin(WLD)$1.04-8.01%
  • filecoinFilecoin(FIL)$2.40-7.60%
  • bitcoinBitcoin(BTC)$102,114.94-2.76%
  • ethereumEthereum(ETH)$2,430.32-7.26%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.11-4.40%
  • binancecoinBNB(BNB)$636.74-4.26%
  • solanaSolana(SOL)$146.33-4.60%
  • usd-coinUSDC(USDC)$1.000.03%
  • tronTRON(TRX)$0.2766411.48%
  • dogecoinDogecoin(DOGE)$0.172611-9.06%
  • cardanoCardano(ADA)$0.63-6.33%
  • hyperliquidHyperliquid(HYPE)$34.00-4.04%
  • suiSui(SUI)$2.97-6.95%
  • chainlinkChainlink(LINK)$13.09-5.52%
  • unus-sed-leoUNUS SED LEO(LEO)$8.81-0.68%
  • stellarStellar(XLM)$0.260157-2.57%
  • avalanche-2Avalanche(AVAX)$18.96-5.87%
  • bitcoin-cashBitcoin Cash(BCH)$382.67-4.67%
  • the-open-networkToncoin(TON)$3.05-5.15%
  • shiba-inuShiba Inu(SHIB)$0.000012-6.45%
  • hedera-hashgraphHedera(HBAR)$0.161767-3.94%
  • litecoinLitecoin(LTC)$84.23-5.05%
  • polkadotPolkadot(DOT)$3.89-3.39%
  • moneroMonero(XMR)$319.200.51%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • daiDai(DAI)$1.000.03%
  • bitget-tokenBitget Token(BGB)$4.55-3.76%
  • piPi(PI)$0.62-4.54%
  • pepePepe(PEPE)$0.000011-9.54%
  • uniswapUniswap(UNI)$5.94-5.96%
  • aaveAave(AAVE)$245.96-7.12%
  • bittensorBittensor(TAO)$359.11-5.12%
  • okbOKB(OKB)$49.81-0.59%
  • crypto-com-chainCronos(CRO)$0.098581-2.05%
  • aptosAptos(APT)$4.55-5.32%
  • nearNEAR Protocol(NEAR)$2.28-7.03%
  • internet-computerInternet Computer(ICP)$4.90-7.37%
  • ethereum-classicEthereum Classic(ETC)$16.42-5.17%
  • ondo-financeOndo(ONDO)$0.79-4.74%
  • gatechain-tokenGateToken(GT)$18.41-4.12%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • kaspaKaspa(KAS)$0.081903-1.78%
  • mantleMantle(MNT)$0.64-4.39%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.201114-6.64%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.83-9.82%
  • vechainVeChain(VET)$0.022788-4.45%
  • render-tokenRender(RENDER)$3.61-4.92%
  • ethenaEthena(ENA)$0.291688-8.03%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.72-9.25%
  • worldcoin-wldWorldcoin(WLD)$1.04-8.01%
  • filecoinFilecoin(FIL)$2.40-7.60%