Cardano is one of the first altcoins I got into, and the other day I realized that it was about damn time for an update. ADA hasn’t been performing too well as of late, and I really wanted to find out why that was.
This is especially because Cardano has actually seen a series of significant updates since I last covered it. The launch of Sundaeswap in January is one, and all the institutional investment vehicles we’re seeing for ADA are others.
Despite these demand drivers though, ADA has performed quite poorly, and the answer is obviously sell pressure. There seems to be some sell pressure coming from disgruntled ADA holders, but there seems to be a bigger source of sell pressure that I won’t spoil here.
As poor as ADA’s price action has been, it looks like Cardano’s developers have really gotten serious about moving fast and breaking things to keep up with other smart contract cryptocurrencies. Could Cardano catch up?
You’ll have to watch till the end to find out!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Cardano dApps List: https://cardanocrowd.com/dapps
► Cardano DeFi Protocols TVL: https://defillama.com/chain/Cardano
► Nami Browser Extension: https://chrome.google.com/webstore/de…
► Cardano Statistics: https://adastat.net/
► Cardano Assets List: https://cardanoscan.io/tokens
► Cardano Roadmap: https://roadmap.cardano.org/en/
► Hydra Roadmap: https://github.com/orgs/input-output-…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.