Snoop Dogg teamed up with his son, Champ Medici, to release a music video for the song “Bron & Bronnie”, which features a surprise appearance by the Cardano (ADA) founder Charles Hoskinson. The ClayMates NFT-themed video shows Hoskinson hanging out with Champ Medici. The two crypto enthusiasts pop a bottle of champagne on a private jet to Mr. Hoskinson’s newly bought ranch in Wheatland, Wyoming.
It’s Nothing But A ClayMate Party
In the video, Snoop Dogg gives multiple shoutouts to the 35-year-old tech mogul and the Cardano community, while also advocating for cryptocurrencies as an alternative to greedy centralized central banks and their lack of privacy. The song was released by Snoop Dogg’s recently acquired Death Row Records and is featured in the extended play dedicated to the Claymates NFT collection. To celebrate the music video release, Clay Nation hosted a cocktail party in Lausanne, while Cardano founder Hoskinson gave the intro speech.
Following the news, the ClayMates NFT collection on the Cardano network shot up by 42.9% in sales transactions in the last 24 hours. Besides, the music video premiere also serves as a satellite event for Cardano Summit 2022, which is also ongoing until November 22nd, 2022.
Cardano (ADA) Price Caught Up In The Crypto Slump
The Cardano blockchain still suffers from the aftershocks of the crypto thunderstorm caused by the rapid downfall of FTX, the second-largest global crypto exchange. At press time, the 8th-ranked altcoin Cardano trades at $0.303833, according to CoinGecko. Being down by 8.8% in weekly terms, Cardano is also 13.7% in the red since last month.
In contrast to the obstacles caused by the harsh conditions of the crypto winter, the Cardano blockchain now sees increased trading activity. With over $300 million transferred in just 24 hours, Cardano shows that spreading awareness pays off even amid turbulent market conditions.
JUST IN: Despite the recent FTX Contagion, VGX Debacle, Celsius meltdown & the collapse of Luna; we’ve come to learn this truth, #Cardano is “Decentralized” from corruption as #ADA hits $300Million in trading volume,a 116% spike over the last 24hrs without the help of criminals pic.twitter.com/Qs0oyVXlyO
— Marcosantiago Chiappetta (@marcosantiagoNY) November 21, 2022
On the Flipside
Despite the increased trading volume, Cardano is down by 83.6% in yearly terms.
The altcoin is close to fully retracting its all-time high, which peaked at $3.09 on September 2nd, 2021.
The successful completion of Vasil Hard Fork didn’t make a visible difference in Cardano’s market price.
Why You Should Care
Cardano (ADA) is among the fastest-growing communities in crypto. Launched in 2017, the blockchain entered the TOP 10 by total market capitalization relatively early and seeks to become one of the leading altcoins.
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