Charles Hoskinson, the founder of Cardano, recently shared plans to expand the ecosystem, with the Lace Wallet and Bitcoin-focused projects taking center stage.
The wallet, which is currently migrating users from Nami, is set to roll out new features and expand to more platforms, with Hoskinson envisioning it as a key player in Cardano’s growth this year.
Beyond Lace, Cardano is advancing Midnight, a privacy-focused blockchain for secure data management, and exploring potential collaborations with Ripple after recent discussions with its CTO, David Schwartz.
Meanwhile, the decentralized governance era, ushered in by the Voltaire upgrade, puts decision-making power in the hands of the community, a shift Hoskinson has pledged to support.
The ecosystem’s future also includes Bitcoin integration, with plans to bridge Cardano and Bitcoin networks through partnerships like BitcoinOS and Fair Gate Labs. A roadmap for this initiative is expected by May 2025.
Ethereum (ETH) has made a notable recovery, surging over 12% since it dropped to $2,460 on February 3, following the broader downturn in the cryptocurrency market.
XRP’s price remains stuck in a tight range as investors assess the fallout from the Bybit hack. Despite a broader selloff, the token has managed to hold above $2.5, though its recent price action suggests uncertainty.
A well-known crypto analyst sees potential in the Solana-based memecoin dogwifhat (WIF) but remains cautious.
CryptoQuant’s Ki Young Ju has recently declared the onset of altcoin season, but this time, things are different. Instead of the typical flow of capital from Bitcoin into altcoins, Ju points out that it’s stablecoin holders driving the action.