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ADA Crypto: Can Gal Gadot’s Cardano Co-Sign Help the ADA Coin?


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The Cardano network is getting its first big celebrity endorsement


Cardano (ADA-USD) is a name that is frequently mentioned among the crypto titans, but unlike its colleagues, the network has had less success in terms of celebrity endorsements. There are many debates over whether such a thing is worthwhile; some may argue that you should listen to specialists rather than celebrities. Nonetheless, these endorsements are frequently what raises the project's profile and presents it to a large number of potential consumers. As word spreads about a major celebrity endorsement on the Cardano network, investors are becoming more interested in the ADA cryptocurrency.


In terms of decentralized app (dapp) growth, the Cardano network is relatively fresh to the scene. The network's smart contract capabilities were only introduced in the last six months. However, it is rapidly amassing a diverse portfolio of dapps and collaborations across the sector and internationally. Cardano is one of the greatest alternatives to the layer-1 giant, led by Charles Hoskinson, a pioneer of the Ethereum (ETH-USD) network.


Cardano's decentralized exchanges are one of its most popular applications as it expands its repertoire of dapps (dexs). Indeed, the SundaeSwap dapp is one of the most well-known among the group, with some of the quickest transaction settlement times accessible. There's a new dex on the way, and it has a lot of celebrity backing.


ADA Crypto Gets Assistance From Hollywood Actress Gal Gadot


Gal Gadot, widely known as the star in the "Wonder Woman" film franchise, is getting optimistic on cryptocurrency. She is explicitly betting on Cardano's success in dethroning Ethereum. The actress is spearheading a Cardano dex financing round, giving substantial attention to the ADA cryptocurrency.


AdaSwap is an upcoming Cardano dex that bills itself as "the Cardano ecosystem's backbone." The dex, which is unique to the Cardano chain, is a gasless automated market maker (AMM), which means it does not require the CPU power that an Ethereum transaction would. This effectively eliminates transaction fees based on computation needs.


This week, the project's most recent fundraising round concludes, and the findings are promising. It will receive $2.6 million in support. The Hollywood star contributed some of the funds. As a result of Gadot's engagement, the network is banking on the endorsement's great PR. Charles Hoskinson commented on Gadot's debut into Cardano on Twitter, stating he is "happy to welcome" the actress to the chain.


As the news continues to spread throughout the crypto market, Cardano is not immune to the current industry-wide decline. This morning, the ADA cryptocurrency is down roughly 5%. However, trade volume has increased in the last 24 hours, with $1.1 billion in ADA changing hands.


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