Cardano remains in the spotlight these days due to various achievements that the project’s team is making.
The Cardano Foundation shared a new blog post on their social media account, and you can check it out below.
NEW BLOG: Project Catalyst Fund4 will be our most accessible & ambitious round yet – with $1 million in $ADA available for building on #Cardano and full voting integration in #Daedalus to bring more of the community onboard than ever before👌✔️🚀@Cardanohttps://t.co/s49KlLBBSX
— Input Output (@InputOutputHK) February 12, 2021
The original blog post reveals that “Fund4 will be our most accessible and ambitious round yet and our first million-dollar round – that’s the size of the ADA pot to fund development projects on Cardano. Proposal teams will use these funds to develop tooling, build decentralized applications, launch education and training initiatives for developers, and so much more. Every fresh contribution adds fresh value to the ecosystem.”
The same notes continue and say that “And since the community is at the core of Catalyst, 20% of treasury funds are set aside to reward and incentivize community advisers, referrers and participating voters for their contribution.”
We suggest that you check out the complete notes from the original blog post to learn all the available details.
Cardano’s ADA in the crypto market
Regarding the price of Cardano’s digital asset ADA, at the moment of writing this article, ADA is trading in the red, and the coin is priced at $0.8974.
It’s been also reported that a correction might be in the cards for ADA’s price these days.
InvestingCube notes that the ADA price has surged for the past week by more than 92%.
“This surge has brought its total market cap to more than $25 billion, making it the fourth-biggest cryptocurrency in the world after Bitcoin, Ethereum, and Tether. It has also displaced Polkadot and Ripple,” the same online publication mentioned above notes.
A correction is expected to hit the price of ADA.