Related Reading | Cardano Project Flickto Surpasses 1.5 Million ADA Staked One Month After Launch
Might have to rebrand to MondaeSwap… In all seriousness, we’ve found a bug with our scoopers renewing scooper licenses. We are cleaning that up, and as soon as it’s completed testnet will be live for use. Thank you for staying patient with us!IOHK also celebrated the launch of SundaeSwap on the Cardano testnet calling it an opportunity to “learn a lot”. The company expects high levels of interest and participation and will it these factors as a way to “put the network under” stress to get data on its “parameter settings”. IOHK :
(…) expect bugs in the DEX. The @sundaeswap team is encouraging you to find some. Remember this is early #DApp software, and it’s still early days for #DeFi on #Cardano. Testnets are a key part of iterating & improving the experience.
Cardano (ADA) Key Levels To Watch And Potential Bullish Case
Cardano has taken a unique approach to deploy its smart contract and DeFi capabilities. IOHK has expressed its intentions of introducing these features “gradually” to guarantee users’ security and a better experience than its competitors. For this reason, ADA detractors claimed that the network might be taken too long to achieve this objective. However, IOHK reiterated the following:(…) We’ve plenty of headroom for L1 growth. But we will take things slowly and carefully. And get things right. This is and will remain central to our approach.The deployment of this first DEX adds to Cardano’s potential to resume its bullish momentum. As of press time, the cryptocurrency could see support at $1,25 and resistance at $1,40. Both these levels will be critical to determine ADA’s price destination in the short term.
Related Reading | Cardano (ADA) Set To Begin Trading On Bitstamp On Wednesday