Cardano (ADA), the third-largest cryptocurrency of the market, has seen immense traction and development recently. According to Cheeky Crypto, a popular crypto trader, there are 1,230 projects being built on Cardano's network. As per the 72K token policies that have been released over the last week, an average of around 65.4 million transactions is being processed on the Cardano platform. There are also layer-1 updates being implemented this week by the Cardano team, along with the upcoming Hydra Scaling Protocol which should increase the platform’s throughput to 1,000,000 transactions per second.
Over the last 24 hours, the ADA coin has seen a temporary decline in its price along with the rest of the crypto market. The cryptocurrency’s 24-hour price change has been calculated to -1.02%, currently trading at $0.3867. Nevertheless, ADA’s performance on the weekly chart maintains a positive outlook at +1.86%.
When comparing ADA’s price to other major cryptocurrencies in the market, it can be seen that the altcoin has weakened against ETH (-0.22%) and has strengthened against BTC (+1.04%). The highest price reached over the 24-hour session was $0.3912 while the lowest price level was calculated to 0.3816. In any action related to cryptocurrency, readers must conduct it with extreme caution and hold full responsibility for their decisions.
Scarlett Wilson
- 2023-05-02
Cardano Showing Continuous Growth Despite Price Decline
Cardano (ADA) has seen a lot of traction and development recently. With 1,230 projects being built on the Cardano’s network and with the upcoming Hydra Scaling Protocol, ADA coin has seen a temporary decline in its price, however, 24-hour price change has been calculated to -1.02%, trading at $0.3867.
