Cardano, one of the most promising crypto ecosystems has had a slow start in terms of price. Cardano’s price fell 33.8% in April to $0.76, reaching a market capitalization of $25.5 billion at the end of the month.
In fact, this was the lowest end-of-month price ADA saw in over 12 months. ADA/USD volumes fell 34.5% to $2.20bn, while volatility fell slightly 77.8%.
That said, ADA also achieved some significant milestones despite the slow price relay.
Rising from the ashes
Įdomu tai, kad the addresses holding Cardano rožė in April to a new all-time high of 5.2 million. As per the CryptoCompare report, the addresses holding ADA augo 2.99%. This occurred due to an increase in the number of token holders from 529,000 in March to 679,000 in April.
This increase in ADA addresses came at a time when Bitcoin fell below $36,000. Usually, when the market moves lower, activity on blockchain networks also falls. Therefore, we should pay close attention to the coming months.
Well, at least for the short period, Cardano did enjoy significant traction among retail investors. Data from IntoTheBlock showed that retail investors in Cardano had increased by close to 190% within the last 30 days. They have been holding the digital token for less than a month.
Šie adresai dabar kartu valdo 36.14 proc ADA supply. Meanwhile, whales recently vėl įėjo an accumulation trend after selling off their holdings over a seven-month period.
Well, this did come as a surprise given that more than 90% of ADA holders liudijo heavy losses. Yet ADA holders have maintained an undeterred narrative.
In an interesting development, Cardano is about to hold two ‘developer events’ in Barcelona and Austin within the next couple of weeks before it commences its hard fork in June.
The Vice President of IOHK, Timas Harrisonas, announced this on Twitter.
Mes priimame du # Kardanas kūrėjų renginiai nuo gegužės pabaigos iki birželio vidurio atitinkamai Barselonoje (daugiausia dėmesio skiriama auditui ir sertifikavimui) ir Ostine, Teksase (daug dėmesio skiriant Plutus ir šiek tiek Marlowe). Jei esate #pastatasKardano ir nori dalyvauti, @benohanlon ar tavo vyras?
- Timas Harisonas (@timbharrison) Gali 5, 2022
In addition, By 29 June, Cardano would undergo Vasil hard fork. This is expected to improve the network and its smart contract capabilities. IOHK earlier had outlined Cardano improvement proposals (CIPs) that is supposed to come with the sunku šakutė.
CIPs coming with June’s HF:
CIPs (Cardano Improvement Proposals) present new features to the # Kardanas network that are key to bettering our blockchain
The upcoming HF introduces:
CIP-31: atskaitos įėjimai
CIP-32: Inline Datums
CIP-33: nuorodų scenarijai
CIP-40: Užstato išvestis pic.twitter.com/bx8vOKDF3H- įvesties išvestis (@InputOutputHK) Gali 2, 2022
Users could expect four improvements which are CIP-31 (Reference Inputs), CIP-32 (Inline Datums), CIP-33 (Reference Scripts ), and CIP-40 (Collateral Outputs). According to IOHK, these CIPs provided new features to improve the network.
Nonetheless, certain censures such as the ‘Ghost chain’ narrative had surfaced within the ecosystem despite Cardano’s achievements. On Thursday (5 May), crypto influencer Ran Neuner, host of the YouTube show “Kripto Banteris”, shocked the crypto community by teigdamas, that “we don’t even have a working DEX on Cardano.”
Cardano įkūrėjas Charlesas Hoskinsonas responded as follows,
What the hell are you talking about? Dexes on cardano are handling more load today than at the launch of sundaeswap and settlement time is sub minute. Wingriders in particular is running extremely fast. You’re spreading misinformation. I don’t know why. But you are
- Charlesas Hoskinsonas (@IOHK_Charles) Gali 6, 2022
Source: https://ambcrypto.com/as-cardano-addresses-set-a-new-record-ada-holders-should-be-thankful-for-this/