The team behind Binance’s official non-custodial cryptocurrency wallet app, Trust Wallet, has recently announced support for staking Cardano ($ADA) on its iOS application, allowing users to earn interest on their $ADA holdings while securing the network on these devices.

According to Trust Wallet, Cardano staking is now also available on iOS devices after first launching on Android devices earlier this month.

To stake Cardano on Trust Wallet, users simply have to either send $ADA to their wallet or buy it beforehand, and then click on the “Stake” button that will appear when they clock on the asset.

Investors can then choose the validator they want to stake with. Rewards for staking the cryptocurrency, the wallet adds, are not automatically restaked. Moreover, a minimum of 4 $ADA is necessary for users to be able to stake and unstake their funds.

Also read: How to Enable the Trust Wallet DApp Browser: A Step-by-Step Guide

Smart contract usage on the Cardano network has surged by 340% in the past year, as developers continue to utilize the cryptocurrency’s network despite the current bear market, as CryptoGlobe reported.

Plutus, it’s worth noting, is the “smart contract platform of the Cardano blockchain” that allows users to “write applications that interact with the Cardano blockchain.”

Notably, in its latest Asset Report CryptoCompare revealed that following the collapse of FTX there was a rising trend in users moving their assets off of centralized cryptocurrency platforms and moving them to decentralized solutions and self-custody.

The move, CryptoCompare wrote, led to a spike in average daily active users on the smart contract platform. In total, Cardano’s daily active users rose 15.6% to 75,800 last month, the highest number recorded since May.

Similarly, monthly transactions on the Cardano network also rose 5.34% to 2.32 million last month, marking the largest transaction volume since April.

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Featured Image via Pixabay

Cardano (ADA/USD) became available for staking on any device running iOS through Trust wallet.

Blockchain firm Santiment published a post highlighting that ADA sellers are getting exhausted, indicating that the Cardano price is discounted.

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Cardano is a blockchain platform that utilizes the Proof-of-Stake (PoS) consensus mechanism, features smart contracts, and has seen a high level of utility in Decentralized Finance (DeFi). 

Trust Wallet support and Santiment update as catalysts for growth

In the latest Cardano news, on December 27, 2022, Trust Wallet announced that iOS users could stake the ADA cryptocurrency directly through the application. 

This innovation was implemented through the non-custodial hot wallet for storing cryptocurrencies, and the feature was originally only available on devices running Android. The company published an official guide on its website.

Additionally, Santiment analysts believe that ADA’s value can increase based on numerous indicators.

However, they claim that ADA sellers are getting exhausted, as fewer coins are at a loss on the blockchain on every ADA price downswing. This means that the selling power is in decline. 

Should you buy Cardano (ADA)?

On December 29, 2022, Cardano (ADA) had a value of $0.2454.

The all-time high of the Cardano (ADA) cryptocurrency was on September 2, 2021, at a value of $3.09. Here we can see a difference of $2.8446, or by 1,159%.

When we go over the Cardano (ADA) 7-day performance, its highest point was at $0.265, while its lowest point was at $0.244531. Here we can see a decrease in value of $0.020469 or by 7%.

In terms of the 24-hour performance, the low point was at $0.242920, while the high point was at $0.255130. This marked a difference in the value of $0.01221, or by 5%.Cardano (ADA) can reach a value of $0.3 by the end of January 2023, which means that investors will be interested in buying ADA.

Cardano’s native token, ADA, has become available for staking on Apple devices that use the iOS operating system. In particular, the innovation has been implemented through the functionality of Trust Wallet, a noncustodial “hot” wallet for storing crypto assets. Initially, such a feature was only available in Trust Wallet on devices supporting the Android operating system.

Hey iOS users! You can now stake @Cardano $ADA too, easily and directly in your #TrustWallet!

Our detailed guide and FAQ below https://t.co/LpFyWTiBmC https://t.co/gMMZeoBbzZ

— Trust – Crypto Wallet (@TrustWallet) December 27, 2022

The minimum amount that can be staked is 4 ADA. Tokens and rewards for staking will automatically be restaked at the end of each epoch, as is customary on Cardano. What is more, the functionality allows you to choose your own validator pool, of which Cardano currently has more than 2,700, according to Cexplorer.

What’s up with Cardano (ADA) staking?

Being a proof-of-stake blockchain, staking is of defining importance to Cardano, so the ability to seamlessly delegate ADA to staking from an iPhone seems like a very positive development — especially given Trust Wallet’s user base of tens of millions and the fact that the wallet’s parent company, Binance, is the largest staking provider for ADA.

Currently, the number of Cardano tokens in staking is 25.08 billion ADA, or 72% of the total token supply. Thus, the capitalization of Cardano tokens in staking is $6.3 billion. Despite the drop in ADA’s price, the number of new wallets, as well as the number of tokens in staking, is regularly increasing.

As stated in a tweet, Cardano (ADA) Ledger accounts are now supported on iOS mobile phones. The Ledger team stated in the prior week that work was ongoing to add iOS compatibility while it announced support for Cardano (ADA) on Android mobile phones, both for the Ledger and Ledger Live platforms.

Hey #Cardano #ADA users!

Cardano (ADA) accounts are now supported on iOS mobiles

Make sure to update the app to version 3.3.1 https://t.co/1BsnUDKouF

Enjoy your ADA on the go!

pic.twitter.com/V1Jvh40Qrg

— Ledger Support (@Ledger_Support) July 6, 2022

In June, Cardano made its way to Ledger Live, thus enabling users to be able to send, receive, buy and manage ADA directly with Ledger Live. The release of the smart contract-compatible Cardano app version 4.0.0 for Ledger wallets was also announced in April.

Cardano’s “big impact’’ projects in the pipeline

As previously reported by U.Today, Duncan Coutts, IOG’s principal technical architect, stated recently that a lot of big impact projects, such as the Lace light wallet, EVM sidechains and the ongoing Vasil hard fork.

Cardano EVM sidechain

The EVM sidechain will be the first sidechain created and released to the public by IOG to allow Solidity developers access to Cardano. The Solidity developer community will be able to create dApps on Cardano thanks to the EVM sidechain.

Lace light wallet

Lace, a lightweight wallet for Cardano, intends to integrate voting and identity in upcoming versions. Additionally, Lace plans to use many Cardano products, fusing a variety of functionalities into a unified user experience. This will incorporate Project Catalyst for simple voter registration and Atala PRISM for managing identities and personal data. Integration with EVM sidechains and Layer 2 Hydra may also be added as future improvements.

Although the light wallet was first designed for the Cardano blockchain, the long-term objective is to make it interoperable with other blockchains. IOG plans to deliver Lace this summer.

Dogecoin (CRYPTO: DOGE) fans can now catch the cryptocurrency as prey along with virtual creatures called “Dogemons”

Go Dogemon Go: An augmented reality or AR game called “Dogemon Go” lets players catch virtual characters called Dogemons and if they are particularly skilled they can “earn doge,” a spokesperson told Benzinga.

Dogemon Go is targeted at the cryptocurrency community but also counts as its audience anyone who likes to play such games.

See Also: How To Buy Dogecoin (DOGE)

START NOW AND CATCH YOUR FIRST DOGEMON!

Start catching Dogemons today & If you’re a great trainer, you can find Crypto Currency as prey among other Dogemons.

The Dogemons are waiting for you!

https://t.co/yRE6hjp0Gl
https://t.co/2wJGoaFNsi pic.twitter.com/4TqYj2YAKv

— DogemonGO (@DogemonGoApp) July 9, 2021

Rocketballs Galore: The game whose name evokes memories of Nintendo Co Ltd’s (OTC:NTDOY) Pokemon Go uses the same technology that the former uses, which as per the Dogemon Go spokesperson freely available on the market.

The free-to-play game gives its users 50 “rocketballs” in order to pursue the virtual creatures.

On The Launchpad: On Friday, Dogemon Go tweeted that its iOS app was available for beta testing.

Submit your Apple ID E-mail Address, and be the First to get a glimpse of DogemonGo on iOS!

Join now & Become a Beta tester!

Submit Apple IDhttps://t.co/XvQTIpMO9Q

DogemonGo iOS TestFlight Telegramhttps://t.co/sNPtLcdZyp https://t.co/imCfMW1FoC

— DogemonGO (@DogemonGoApp) August 7, 2021

 

The Dogemon Go spokesperson told Benzinga the game will be available on Apple Inc’s (NASDAQ:AAPL) iOS platform within the next one to four days and Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Android platform with seven to 12 days.

The delay in availability on Android was attributed to Dogemon Go needing “to change the AR module (new rules since 01st of august).”

Monetizing Dogemon: Dogemon Go invites advertisers on its website. The spokesperson told Benzinga that brands can be added as Dogemon and collaboration was possible on special events. 

Android Package Kit or APK files of the game have been downloaded 11,353 times from Dogemon Go’s website. Currently, that is the only possible way to get the game since it is not available on respective app stores.

The spokesperson shared geographical data with Benzinga on where the game had been well received and Indonesia topped the list followed by the Philippines and Turkey. India, Brazil, and the United States were other countries that figured in the data.

Last week, Cathie Wood-led Ark Invest analyst Nick Grous noted that 40% of Axie Infinity’s (CRYPTO: AXS) 350,000 daily active users live in the Philippines. That blockchain-based game has crossed $1 billion in sales.

AXS has soared a whopping 7,047.34% gain since the year began, outpacing the 4,140.12% gains of DOGE. but this begs the question, if DOGE could be gamified, is the moon the limit? Dogemon Go claims on its website “Mars is the Target!”

Read Next: Axie Infinity (AXS) Is The ‘Foundation’ Of An ‘Emerging Economy’ That Is Play-To-Earn Games, Says Ark Invest