Cardano Blockchain and Assets to Be Integrated into Brave Wallet
Brave Wallet will integrate support for the Cardano blockchain, allowing users to send, receive, and swap ADA and other Cardano-native assets without external extensions. This announcement was made by Input Output (IO), a Cardano developer.
Current key points include:
- Integration improves wallet accessibility for Cardano
- ADA price has increased over 50% recently, now trading around $0.798
- Bullish sentiment noted as ADA breaks out of a downward trend
- Analyst predicts positive mid-term outlook for ADA
- Key resistance at $0.85; possible targets at $0.93 and $1.00
- Support levels at $0.72 and $0.65 may invalidate bullish setup
- MACD shows bullish crossover, indicating buying pressure
ADA price chart with RSI and Bollinger Bands | Source: Trading View
In related news, Solaxy, a Layer-2 solution on Solana, is gaining traction. It aims to address congestion issues on Solana by processing transactions off-chain before securely recording them on-chain.
Solaxy's presale highlights:
- Current Price: $0.001722
- Amount Raised: $35 million
- Ticker: SOLX
- Date Launched: December 2024
- Chains: Ethereum and Solana
This project offers high-yield staking opportunities with a staking yield of 114% and significant amounts of SOLX tokens already staked.