Polkadot and Cardano: The Next Big Crypto Partnership?
- Polkadot (DOT) and Cardano (ADA) prices surge over 5% in 24 hours.
- The surge followed news of a Polkadot-Cardano interoperability bridge.
- Analysts predict further gains for DOT and ADA, with DOT targeting $7.5-$8.75.
Polkadot (DOT) and Cardano (ADA) have gained significant attention in recent days, reflected in their market values. DOT and ADA are among the top performers in the last 24 hours, posting over 5% gains.
This intraday surge has further boosted their weekly gains, with DOT boasting over 14% growth in the last seven days while ADA has registered an 8% increase. The host of the Discover Crypto channel attributed Polkadot and Cardano’s strong performances to a recent update regarding the partnership between the two blockchains.
Earlier in the week, a representative from the uniFire ecosystem shared on the Polkadot forum that Cardano submitted a proposal to develop a light client and NFT swap bridge, enabling seamless interactions between the Cardano and Polkadot networks.
The proposed project aims to foster greater interoperability between the two ecosystems, allowing users to transfer assets across networks. The proposal has received overwhelm…
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