- Cardano outperformed other crypto currencies in development activity
- Its NFT floor prices grew while volume declined
On 2 December, 2022, Сантимент to је открио Цардано [АДА] topped the list of development activity over the last 30 days. ETH, thus, out-performed currencies like Полкадот [ДОТ] Етхереум [ЕТХ]. This spike in development suggested that there may be more updates and upgrades making their way to the Cardano ecosystem.
👨 💻 #Цардано је глава и рамена изнад свих осталих #црипто средства на развојној делатности. Наше #гитхуб подаци за праћење филтрирају рутинска ажурирања као што су #Слацк исправке.
За више информација о @сантиментфеед'с методологију за праћење развојне активности, прочитајте овде: https://t.co/vWQCE4a1nv пиц.твиттер.цом/4ККаЦУи1тс
- Сантимент (@сантиментфеед) Декабрь 1, 2022
Читати Цардано'с [АДА] Прице Предицтион 2022-2023
Besides improvements in development activity, Cardano also witnessed some growth in the NFT space. According to a цвркут by Stocktwits NFTs, више Cardano NFT floor prices reached their all-time high over the last few weeks.
Сјајни подаци и неколико брзих закључака👀
✅ @боок_ио најбржи гејнер има најбољи "нормие"/онбоардинг услужни програм
✅ @МаллардОрдер је постала једна од најгласнијих заједница на АДА-и
✅ @ВилдТангз један од најактивнијих градитељаИстицање разноликости у АДА НФТ https://t.co/CdKqM1HP19
— Стоцктвитс НФТс (@СтоцктвитсНФТс) Декабрь 1, 2022
Not all roses for Cardano
Cardano, despite its growing floor prices, witnessed a decline in NFT volume. According to data provided by опенцнфт, Cardano’s NFT volume plummeted by 50.93% and the number of NFTs sold had fallen by 19.35% in the past 30 days.
In terms of DeFi, Cardano’s total value locked (TVL) witnessed an uptick after 22 November. As of 2 December, the Cardano’s TVL was at $58.62 million, and witnessed a decline by 1.37% between 1 and 2 December.
Additionally, Cardano’s dApps continued to witness a decline in activity. Према ДаппРадар’s data, dApps on the Cardano network such as Miniswap and SundaeSwap observed a slump in terms of unique active users. Unique active users for Miniswap dwindled by 20.68% in the last seven days. For SundaeSwap, the number of active users fell by 12% during the same period.
Cardano on other fronts…
Coming to on-chain metrics, Cardano’s volume depreciated immensely over the last month.
Since 2 November, Cardano’s volume fell from 464 million to 204 million in 30 days. Its Market Value to Realized Value (MVRV) long/short difference was in the negative as well.
This implied that short-term holders could exit their positions and still be profitable. However, long-term holders would have to wait out the bear market before seeing any signs of profit.
At the time of writing, ADA was trading at $0.319. Its price decreased by 1.2% in the last 24 hours, according to ЦоинМаркетЦап.
Source: https://ambcrypto.com/can-cardanos-development-activity-play-a-key-role-in-adas-survival/