Cardano [ADA] was one of the few cryptocurrencies that were extremely affected by the bear market of Q2 and Q3. In fact, the price of ADA has witnessed a massive depreciation over the past month. Furthermore, despite the market’s bearish conditions, Cardano’s team has been trying to garner interest from the NFT communities. However, Cardano’s […]
Another factor that posed a threat to the growth of ADA could be its declining DeFi activity.
However, a positive future for Cardano seems far-fetched at the moment as the bearish indicators outweigh the bullish ones.
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Cardano: Wallets created in Sept. were 3.60M; can it assure a price hikeWhile the highly anticipated Cardano Vasil Hard Fork might have failed to return the expected positive price reaction for ADA, the upgrade led to a series of growth in ecosystem metrics for Cardano in September. According to data from the Cardano Foundation, within the 30-day period, Cardano recorded a 4.20% uptick in the count of […]
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Cardano’s [ADA] TVL slumps to an all-year low, but here’s the catchDespite the success of the Vasil hard fork, Cardano [ADA] seemed to have lost its midas touch as its Total Value Locked [TVL] hit the lowest 2022 value. According to DeFi Llama, the largest TVL aggregator, Cardano’s TVL was $76.26 million at press time. This value was the lowest the Proof-of-Stake (PoS) blockchain had reached […]
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Cardano’s [ADA] TVL slumps to an all-year low, but here’s the catchDespite the success of the Vasil hard fork, Cardano [ADA] seemed to have lost its midas touch as its Total Value Locked [TVL] hit the lowest 2022 value. According to DeFi Llama, the largest TVL aggregator, Cardano’s TVL was $76.26 million at press time. This value was the lowest the Proof-of-Stake (PoS) blockchain had reached […]
Read more »
Cardano: Wallets created in Sept. were 3.60M; can it assure a price hikeWhile the highly anticipated Cardano Vasil Hard Fork might have failed to return the expected positive price reaction for ADA, the upgrade led to a series of growth in ecosystem metrics for Cardano in September. According to data from the Cardano Foundation, within the 30-day period, Cardano recorded a 4.20% uptick in the count of […]
Read more »