Cardano’s Price Soars 45% as Bitrue Plans to List DJED Stablecoin

• Cardano’s (ADA) price has risen by 7.7% over the last week and by 45% over the last month as the crypto market recovery gains momentum.
• Bitrue, a popular Singapore-based crypto exchange, has announced plans to list the DJED stablecoin together with SHEN, its reserve coin.
• The launch of DJED on the mainnet is expected to take place this month and will make Bitrue the first cryptocurrency exchange to list the much-anticipated stablecoin.

Cryptocurrency markets have been on an impressive upswing since the start of 2023, with Cardano (ADA) being one of the most notable gainers. Over the last week, the price of Cardano has risen by 7.7% and by 45% over the last month. This bullish market sentiment has been further bolstered by the upcoming launch of DJED, Cardano’s over-collateralized algorithmic stablecoin, which is expected to take place this month.

In anticipation of DJED’s launch, Bitrue, a popular Singapore-based crypto exchange, has announced plans to list the stablecoin and its reserve coin SHEN. This announcement has created a great deal of excitement in the Cardano community, with COTI Network tweeting about it. Bitrue will become the first exchange to list the much-anticipated DJED once it is launched, although the exact listing date has yet to be announced.

The launch of DJED on the mainnet is expected to bring about numerous benefits to Cardano, from increasing the liquidity of ADA to providing more use cases for the cryptocurrency. It is hoped that the listing of DJED on Bitrue will further contribute to the growth of Cardano and its associated ecosystems.

The Cardano community is already looking forward to the launch of DJED and its listing on Bitrue. The integration of the stablecoin is expected to provide a major boost to the Cardano network and its associated ecosystems, leading to increased liquidity and more use cases for the cryptocurrency. With the launch of DJED on the horizon, Cardano appears to be well-positioned for a strong year ahead.