{"id":246393,"date":"2024-02-13T11:59:04","date_gmt":"2024-02-13T06:29:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=246393"},"modified":"2024-02-13T11:59:04","modified_gmt":"2024-02-13T06:29:04","slug":"will-cardanos-surging-activity-be-enough-for-ada-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-cardanos-surging-activity-be-enough-for-ada-crypto-news\/","title":{"rendered":"Will Cardano&#8217;s surging activity be enough for ADA? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-03-06-at-10.49.07-AM-e1678080944490-80x80.jpeg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>Journalist<\/p>\n<\/div>\n<p>\n<span class=\"mvp-post-date updated\">Posted: February 13, 2024<br \/>\n<\/span><\/p>\n<\/div>\n<div>\n<br style=\"clear: both;float: none\" \/><\/p>\n<ul>\n<li><em>Cardano\u2019s recent activity hinted at potential positive performance for the network.<\/em><\/li>\n<li><em>Challenges emerged in Cardano\u2019s NFT space, affecting diversity and appeal.<\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/cardano-price-prediction\" data-wpel-link=\"internal\">Cardano [ADA]<\/a>, over the past month, has battled with both bullish and bearish sentiment, causing the price of ADA to fluctuate frequently.<\/p>\n<h4>A spike in activity<\/h4>\n<p>However, recent activity on the network could help ADA see green more consistently. According to data, the Cardano network executed 81,000 transactions successfully within the past 24 hours.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: Cardano <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$ADA<\/a> network successfully completed 81,000 transactions in the last 24 hours.<\/p>\n<p>\u2014 Adaverse News | Cardano and Ergo News (@AdaverseNews) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AdaverseNews\/status\/1756786463331549404?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">February 11, 2024<\/a><\/p>\n<\/blockquote>\n<p>The number of daily active addresses on the network also witnessed growth.<\/p>\n<p>The heightened activity signals a growing adoption of the Cardano blockchain, which could attract more users, investors, and developers.<\/p>\n<p>Moreover, the positive market sentiment generated by higher activity levels may lead to a more stable and potentially upward trajectory for ADA\u2019s price.<\/p>\n<div id=\"attachment_369875\" style=\"width: 2394px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.31.34\u202fPM.png\" data-wpel-link=\"external\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-369875\" src=\"\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%202384%20938'%3E%3C\/svg%3E\" alt=\"\" width=\"2384\" height=\"938\" data-lazy-srcset=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.31.34\u202fPM.png 2384w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.31.34\u202fPM-300x118.png 300w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.31.34\u202fPM-1024x403.png 1024w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.31.34\u202fPM-768x302.png 768w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.31.34\u202fPM-1536x604.png 1536w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.31.34\u202fPM-2048x806.png 2048w\" data-lazy-sizes=\"(max-width: 2384px) 100vw, 2384px\" data-lazy-src=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.31.34\u202fPM.png\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-369875\" src=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.31.34\u202fPM.png\" alt=\"\" width=\"2384\" height=\"938\" \/><\/p>\n<p><\/a><\/p>\n<p id=\"caption-attachment-369875\" class=\"wp-caption-text\">Source: Artemis<\/p>\n<\/div>\n<h4>State of DeFi<\/h4>\n<p>A significant portion of the heightened activity on the Cardano network can be attributed to the decentralized exchanges (DEXes) operating within the Cardano ecosystem.<\/p>\n<p>Notably, the Cardano DEX Spectrum recently achieved a milestone, with its daily trading volume surpassing 1.04 million ADA.<\/p>\n<p>This surge in activity within the decentralized exchange space underscores the growing utilization of Cardano\u2019s blockchain for decentralized finance (DeFi).<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: Cardano <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$ADA<\/a> DEX Spectrum <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SPF&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$SPF<\/a> daily volume surpasses 1.04 million ADA.<\/p>\n<p>\u2014 Adaverse News | Cardano and Ergo News (@AdaverseNews) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AdaverseNews\/status\/1756819440304304206?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">February 11, 2024<\/a><\/p>\n<\/blockquote>\n<p>Following these developments, there was a notable increase in Cardano\u2019s Total Value Locked (TVL).<\/p>\n<p>The surge in TVL is indicative of the growing amount of assets and liquidity being staked or utilized within the Cardano ecosystem, highlighting further participation in Cardano\u2019s DeFi network.<\/p>\n<div id=\"attachment_369886\" style=\"width: 1138px\" class=\"wp-caption alignnone\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.52.46\u202fPM.png\" data-wpel-link=\"external\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-369886\" src=\"\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201128%20970'%3E%3C\/svg%3E\" alt=\"\" width=\"1128\" height=\"970\" data-lazy-srcset=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.52.46\u202fPM.png 1128w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.52.46\u202fPM-300x258.png 300w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.52.46\u202fPM-1024x881.png 1024w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.52.46\u202fPM-768x660.png 768w\" data-lazy-sizes=\"(max-width: 1128px) 100vw, 1128px\" data-lazy-src=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.52.46\u202fPM.png\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-369886\" src=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-3.52.46\u202fPM.png\" alt=\"\" width=\"1128\" height=\"970\" \/><\/p>\n<p><\/a><\/p>\n<p id=\"caption-attachment-369886\" class=\"wp-caption-text\">Source: Artemis<\/p>\n<\/div>\n<h4>Troubles ahead<\/h4>\n<p>Even though developments were being made in the DeFi department, the same couldn\u2019t be said for Cardano\u2019s NFT space.<\/p>\n<p>Over the last week, the sales volume for NFTs on the Cardano network had fallen by 16.30%. Coupled with that, the number of buyers of Cardano NFTs declined by 83.58%.<\/p>\n<p>Reduced interest in Cardano NFTs may indicate waning enthusiasm from both creators and collectors, potentially limiting the diversity and appeal of the NFT marketplace on the Cardano blockchain.<\/p>\n<p>This decline in activity might also impact the revenue and exposure of artists and developers utilizing the platform for NFT creation and sales.<\/p>\n<div id=\"attachment_369891\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-4.02.10\u202fPM.png\" data-wpel-link=\"external\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-369891\" src=\"\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%202560%20650'%3E%3C\/svg%3E\" alt=\"\" width=\"2560\" height=\"650\" data-lazy-srcset=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-4.02.10\u202fPM.png 2560w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-4.02.10\u202fPM-300x76.png 300w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-4.02.10\u202fPM-1024x260.png 1024w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-4.02.10\u202fPM-768x195.png 768w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-4.02.10\u202fPM-1536x390.png 1536w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-4.02.10\u202fPM-2048x520.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-4.02.10\u202fPM.png\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-369891\" src=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-12-at-4.02.10\u202fPM.png\" alt=\"\" width=\"2560\" height=\"650\" \/><\/p>\n<p><\/a><\/p>\n<p id=\"caption-attachment-369891\" class=\"wp-caption-text\">Source: Crypto Slam<\/p>\n<\/div>\n<hr \/>\n<p style=\"text-align: center\">\u00a0How much are\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-ada-to-usd\" data-wpel-link=\"internal\">1,10,100 ADAs worth today<\/a>?<\/p>\n<hr \/>\n<p>Regarding price dynamics, ADA didn\u2019t perform well in the last 24 hours, experiencing a 3.64% decline. The trading volume decreased from 1.2 billion to 365 million in recent weeks.<\/p>\n<p>However, looking at a broader one-month timeline, Cardano\u2019s price movement appeared positive.<\/p>\n<div id=\"attachment_369895\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Cardano-ADA-16.22.55-12-Feb-2024.png\" data-wpel-link=\"external\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-369895\" src=\"\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%202560%20867'%3E%3C\/svg%3E\" alt=\"\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Cardano-ADA-16.22.55-12-Feb-2024.png 2560w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Cardano-ADA-16.22.55-12-Feb-2024-300x102.png 300w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Cardano-ADA-16.22.55-12-Feb-2024-1024x347.png 1024w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Cardano-ADA-16.22.55-12-Feb-2024-768x260.png 768w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Cardano-ADA-16.22.55-12-Feb-2024-1536x520.png 1536w, https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Cardano-ADA-16.22.55-12-Feb-2024-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Cardano-ADA-16.22.55-12-Feb-2024.png\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-369895\" src=\"https:\/\/6403e5f8.rocketcdn.me\/wp-content\/uploads\/2024\/02\/Cardano-ADA-16.22.55-12-Feb-2024.png\" alt=\"\" width=\"2560\" height=\"867\" \/><\/p>\n<p><\/a><\/p>\n<p id=\"caption-attachment-369895\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\nNext: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/does-ethereums-sidechain-threaten-the-xrp-ledger\/\" data-wpel-link=\"internal\">Does Ethereum\u2019s sidechain \u2018threaten\u2019 XRP Ledger?<\/a> <\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: February 13, 2024 Cardano\u2019s recent activity hinted at potential positive performance for the network. Challenges emerged in Cardano\u2019s NFT space, affecting diversity and appeal. Cardano [ADA], over the past month, has battled with both bullish and bearish sentiment, causing the price of ADA to fluctuate frequently. A spike in activity However, recent activity [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":246394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-246393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=246393"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246393\/revisions"}],"predecessor-version":[{"id":246396,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246393\/revisions\/246396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/246394"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=246393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=246393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=246393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}