"Wow, ADA is the best, it's really fast developing its ecosystem."
Shortly after breaking through $0.64 last Saturday, the price of cryptocurrency Cardano (ADA) seems to be seeing a drop back down to $0.51 in response to the movement of Bitcoin (BTC) which faced yesterday's decline.
However, it should be noted that the Cardano Foundation has recently introduced a new W3C Identity Wallet that facilitates seamless interaction with ADA Decentralized Applications (DApps) including providing support for identity standards.
Not only that, Identity Wallet also promotes self-sovereign identity in ADA and various blockchain networks and offers a user-friendly interface where security regarding digital asset management will be guaranteed.
Another feature of Identity Wallet is the addition of Key Event Receipt Infrastructure (KERI) which is a solution that scales interoperability including ensuring that identity management is secure and efficient.
Following on from the new mobile wallet that is so important to the digital asset and blockchain technology landscape, the Identity Wallet provides a structure that allows users to navigate the growing exosystem.
Please be informed that Identity Wallet is the second wallet launched by ADA with Light Wallet Lace being the first.
It is true that ADA has decreased by 4.79% to $0.55 in the last 24 hours with a market capitalization of $19 billion, but its price still recorded a 36.87% climb over the last week.
