Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17
  • Analysis

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Why Cardano’s developments haven’t helped ADA’s price
Altcoins

Why Cardano’s developments haven’t helped ADA’s price

2024-06-09No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Cardano fell by more than 9% in the past 24 hours.
  • Indicators pointed to a continued price decline.

After a huge price increase in the last 24 hours, Cardanos [ADA] price registered a decline. Blockchain development activity followed a similar trend.

Cardano’s weekly development

AMBCrypto’s analysis of Santiment’s data showed that the number of ADA developer activity contributors remained high last week. However, development activity declined.

Cardano's development activity declined Cardano's development activity declined

Source: Santiment

In addition, Input Output Global reported its weekly development report, highlighting the work of various Cardano teams.

According to the report, the Lace team has released v.1.12, which is packed with improvements and a major new feature that allows users to choose fiat currency to fund their wallet through this service.

This week, the Plutus team released version 1.29.0.0 of the Plutus Libraries, while the Mithril team continued to implement the certification of Cardano transactions in Mithril networks.

The report also mentioned the updated statistics of the Cardano blockchain. Cardano’s total number of transactions exceeded 91 million, while the number of native tokens also exceeded 10 million.

Moreover, 171 projects have been launched on the blockchain so far.

ADA turns bearish

As developers worked on multiple projects, ADA became volatile.

The price of the token rose and reached $0.487 on June 8, but the trend did not hold. Soon after, the bears took over and pushed the price of the token down.

According to CoinMarketCapADA is down more than 9% in the last 24 hours.

At the time of writing, the token was trading at $0.4354 with a market cap of over $14 billion, making it the 10th largest crypto.

See also  Polkadot: This is why DOT's price is all set to revise $7

AMBCrypto then analyzed how the metrics were affected by the price correction. According to our analysis of Santiment’s data, Cardano’s MVRV ratio fell as a result of the price drop.

The rate also dropped on June 7, meaning ADA was used less frequently on transactions within a given time frame.

Nevertheless, blockchain network activity remained high as the number of daily active addresses increased.

Source: Santiment


Is your portfolio green? look at the ADA Profit Calculator


AMBCrypto then analyzed ADA’s daily chart to see if the indicators pointed to a price increase. Our analysis showed that the MACD showed a bearish crossover.

The Relative Strength Index (RSI) also recorded a sharp decline, indicating that the chances of a further downtrend were high.

Source: TradingView

Next: Ethereum’s Rally Halts: Exploring ETH’s Possible Next Steps

Source link

ADAs Cardanos developments havent helped Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19

Dogecoin ready to cry? Falling wig ousting hints during a rally

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Multiple network to expand Web3 innovation in collaboration with Bee Network

2025-01-27

Where Lido, Maker Stands As DeFi TVL Soars To A 17-Month High

2024-01-15

Ethereum ETFs Turn Positive: Is An ETH Rally Coming?

2024-08-29
Editors Picks

Here are 5 reasons to be bullish on Bitcoin, says analyst

2024-07-21

aelf and ChainGPT collaborate to advance decentralized blockchain with AI

2024-08-09

Why Bitcoin Can Still Beat the Bears Reached $91,000 This Cycle

2024-04-16

Bitcoin: The chance of BTC that breaking $ 97k in the light of being profitable …

2025-05-07

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

Ethereum – price cannot break through – what does it stop?

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,874.87-1.38%
  • ethereumEthereum(ETH)$2,447.48-4.07%
  • tetherTether USDt(USDT)$1.000.06%
  • rippleXRP(XRP)$2.34-3.69%
  • binancecoinBNB(BNB)$642.79-1.26%
  • solanaSolana(SOL)$163.40-6.13%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.219395-4.20%
  • cardanoCardano(ADA)$0.73-4.94%
  • tronTRON(TRX)$0.265559-3.06%
  • suiSui(SUI)$3.72-5.94%
  • chainlinkChainlink(LINK)$15.36-4.71%
  • avalanche-2Avalanche(AVAX)$21.97-6.77%
  • stellarStellar(XLM)$0.282709-4.02%
  • hyperliquidHyperliquid(HYPE)$25.71-5.56%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.24%
  • hedera-hashgraphHedera(HBAR)$0.189523-4.24%
  • unus-sed-leoUNUS SED LEO(LEO)$8.60-1.27%
  • bitcoin-cashBitcoin Cash(BCH)$386.91-4.32%
  • litecoinLitecoin(LTC)$96.70-3.12%
  • the-open-networkToncoin(TON)$2.95-6.31%
  • polkadotPolkadot(DOT)$4.55-6.28%
  • moneroMonero(XMR)$344.430.32%
  • bitget-tokenBitget Token(BGB)$5.13-2.97%
  • pepePepe(PEPE)$0.000013-6.06%
  • daiDai(DAI)$1.000.03%
  • piPi(PI)$0.72-3.41%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.82-5.68%
  • bittensorBittensor(TAO)$402.17-6.91%
  • aaveAave(AAVE)$225.83-3.36%
  • nearNEAR Protocol(NEAR)$2.73-5.82%
  • aptosAptos(APT)$5.09-3.71%
  • okbOKB(OKB)$51.94-2.85%
  • ondo-financeOndo(ONDO)$0.91-4.70%
  • kaspaKaspa(KAS)$0.106901-7.36%
  • ethereum-classicEthereum Classic(ETC)$18.06-3.88%
  • internet-computerInternet Computer(ICP)$5.12-4.56%
  • gatechain-tokenGateToken(GT)$21.36-1.62%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.72-3.69%
  • crypto-com-chainCronos(CRO)$0.094117-6.43%
  • mantleMantle(MNT)$0.73-2.16%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231742-4.73%
  • vechainVeChain(VET)$0.027584-4.80%
  • render-tokenRender(RENDER)$4.49-5.63%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • ethenaEthena(ENA)$0.356799-9.83%
  • filecoinFilecoin(FIL)$2.81-3.93%
  • algorandAlgorand(ALGO)$0.217737-4.80%
  • arbitrumArbitrum(ARB)$0.381192-4.89%
  • bitcoinBitcoin(BTC)$103,874.87-1.38%
  • ethereumEthereum(ETH)$2,447.48-4.07%
  • tetherTether USDt(USDT)$1.000.06%
  • rippleXRP(XRP)$2.34-3.69%
  • binancecoinBNB(BNB)$642.79-1.26%
  • solanaSolana(SOL)$163.40-6.13%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.219395-4.20%
  • cardanoCardano(ADA)$0.73-4.94%
  • tronTRON(TRX)$0.265559-3.06%
  • suiSui(SUI)$3.72-5.94%
  • chainlinkChainlink(LINK)$15.36-4.71%
  • avalanche-2Avalanche(AVAX)$21.97-6.77%
  • stellarStellar(XLM)$0.282709-4.02%
  • hyperliquidHyperliquid(HYPE)$25.71-5.56%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.24%
  • hedera-hashgraphHedera(HBAR)$0.189523-4.24%
  • unus-sed-leoUNUS SED LEO(LEO)$8.60-1.27%
  • bitcoin-cashBitcoin Cash(BCH)$386.91-4.32%
  • litecoinLitecoin(LTC)$96.70-3.12%
  • the-open-networkToncoin(TON)$2.95-6.31%
  • polkadotPolkadot(DOT)$4.55-6.28%
  • moneroMonero(XMR)$344.430.32%
  • bitget-tokenBitget Token(BGB)$5.13-2.97%
  • pepePepe(PEPE)$0.000013-6.06%
  • daiDai(DAI)$1.000.03%
  • piPi(PI)$0.72-3.41%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.82-5.68%
  • bittensorBittensor(TAO)$402.17-6.91%
  • aaveAave(AAVE)$225.83-3.36%
  • nearNEAR Protocol(NEAR)$2.73-5.82%
  • aptosAptos(APT)$5.09-3.71%
  • okbOKB(OKB)$51.94-2.85%
  • ondo-financeOndo(ONDO)$0.91-4.70%
  • kaspaKaspa(KAS)$0.106901-7.36%
  • ethereum-classicEthereum Classic(ETC)$18.06-3.88%
  • internet-computerInternet Computer(ICP)$5.12-4.56%
  • gatechain-tokenGateToken(GT)$21.36-1.62%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.72-3.69%
  • crypto-com-chainCronos(CRO)$0.094117-6.43%
  • mantleMantle(MNT)$0.73-2.16%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231742-4.73%
  • vechainVeChain(VET)$0.027584-4.80%
  • render-tokenRender(RENDER)$4.49-5.63%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • ethenaEthena(ENA)$0.356799-9.83%
  • filecoinFilecoin(FIL)$2.81-3.93%
  • algorandAlgorand(ALGO)$0.217737-4.80%
  • arbitrumArbitrum(ARB)$0.381192-4.89%