CARDANO Hikes as the Metaverse Arrives on the Blockchain

CARDANO Hikes as the Metaverse Arrives on the Blockchain
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A gain of 12% in the last 24 hours and 30% in the last week was seen. Cardano is one of the best performing cryptocurrencies. Starting the weekend, Cardano was trading around $1.26, and this morning it reached $1.54, which tells us that there’s an increase of 22% in the last 2 days.

How Cardano performed so well among other cryptocurrencies is still not clear. However, it is seen that the latest information related to token concerns the official announcement of Pavia, Cardano’s metaverse and NFT gaming projects via a circulated press release with the catchy title “The metaverse Arrives on the Cardano blockchain”.

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Pavia is a gaming metaverse that gives tough competition to competitors like sandbox and Decentraland.

The Pavia project was created in September 2021, and according to the press release Pavia has a total of 100000 plots, and the first sale of land plots was by random allocation. Between October, November 2021, 60% of the plots would have been sold, and the final sale is supposed to occur in the first quarter of 2022.

Last night Cardano broke through short term resistance at $1.42, Which has renewed the buying interest. At writing, ADA /USD has also broken above the psychological $1.50 threshold.

Also Read: Metaverse Tokens Are Being Severely Impacted By The Sell-Off In The Wider Crypto Market

In this regard, the next important target to consider is the zone composed of the 27th December peak at $1.5910 and the psychological threshold of $1.60 on the downside; initial support is seen at the $1.40 -1.42 zone.

The digital world will only succeed with the love and support of the Cardano community.

The success of Pavia’s project is due to the support of the Cardano community, as there are 8300 registered plot owners.

Pavia metaverse will now use its cryptocurrency named Pavia nir Cardano.

Cardano is a fast-growing blockchain network that is a competitor to Ethereum. Investing in Cardano means buying the network’s native cryptocurrency known as ADA, which has grown in recent years to become one of the market’s most highly valued digital assets.

Also Read: Fantom Transactions Surge Ahead of Avalanche

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