The cryptocurrency market has shown signs of recovery, but Cardano holders are still facing significant losses. Data from IntoTheBlock reveals that Cardano is actually the worst performer among the top 10 largest cryptocurrencies by market cap in terms of profitability. This disappointing performance has left many investors questioning the reasons behind such a poor showing.
Cardano
Cardano, a once-promising cryptocurrency, has seen a significant decline in developer interest and activity in recent months. The number of monthly developer commits has dropped from 3,380 in May to less than 2,000 this month. This decrease in developer activity has led to a reduction in the amount of money locked in Cardano’s DeFi applications,
The cryptocurrency market has witnessed a notable 20.29% price increase in Cardano (ADA) over the past seven days, aligning with the overall positive trend in the industry. One of the key factors contributing to ADA’s surge is the significant spike in on-chain transactions, particularly those involving large sums of money. This uptick in trading volume
Born and raised in Edo State, Nigeria, I have been fortunate enough to have a strong support system in my life that has shaped me into the person I am today. With three siblings who have always been my role models and parents who have been my rock through thick and thin, I have been
The Cardano blockchain has experienced a period of relative quietness since the beginning of July, with ADA price consolidation being a common theme. However, recent on-chain transaction data has revealed an interesting trend regarding Cardano whales. These large holders of ADA have been relatively inactive since the last week of June, with daily whale inflows
Cardano (ADA), currently the eighth-largest cryptocurrency by market capitalization, has witnessed a notable 3.4% price increase in the last 24 hours. This surge comes amidst a broader recovery in the cryptocurrency market, with Bitcoin and Ethereum also experiencing slight gains of 2.5% and 2.2% respectively. Technical analysis on TradingView suggests that Cardano may be on
Samuel Edyme, better known as HIM-buktu, is a multi-faceted individual in the realm of web3 content creation, journalism, and trading. His transition into the crypto universe was far from conventional. Instead of starting with a successful investment, he was initially lured in by a Ponzi scheme that utilized cryptocurrencies for payments. This setback, however, did
Cardano (ADA) has been on a rollercoaster ride in the cryptocurrency market, with price movements correlating with the broader market trends. After reaching a yearly high of $0.810 in March, ADA experienced a significant retracement to as low as $0.357 on June 22. However, in the past 24 hours, ADA has shown resilience by exhibiting
Cardano, a popular cryptocurrency, has been garnering attention recently due to potential price movements that could signal a substantial rebound. A crypto analyst, Captain Faibik, recently shared insights on Cardano’s price action, highlighting the formation of a falling wedge pattern on the daily time frame chart. This technical formation typically signifies the end of a
The recent Distributed Denial of Service (DDoS) attack on the Cardano network revealed the robust security measures and decentralized structure that effectively mitigated the attack. Given the complex and distributed nature of Cardano, the attack was unable to cause significant disruption, showcasing the network’s resilience. In comparison to traditional client-server networks, Cardano’s distributed structure with