Cardano Has Been on the Receiving End<\/strong><\/h2>\nThe sluggish momentum in the Cardano network has made the number of addresses in loss skyrocket to 93.61%.<\/p>\n
According to IntoTheBlock data, the number of addresses in loss has surged to 4.71 million based on the witnessed bearish momentum.<\/p>\n
Notably, ADA addresses showcasing a positive net worth stood at 192,270, which is 4.32% of the total.<\/p>\n
Therefore, the current ranging market has caused many Cardano holders to be on the receiving end based on dwindling profitability.<\/p>\n
Meanwhile, Cardano’s Charles Hoskinson recently cleared the air about the failure of the Hydra upgrade. He disputed claims of the upgrade being unable to process transactions faster, as reported by ZyCrypto.<\/p>\n
The Hydra upgrade is set to be a game-changer because it will enhance Cardano\u2019s on-chain performance, API endpoints, and node synchronization.<\/p>\n
Despite the consolidation and bearish momentum witnessed in the Cardano network, all hope is not lost based on a long-term bullish outlook. For instance, ADA is among the leading blockchains in development activity thanks to its enhanced consensus mechanism, interoperability, and sustainability.<\/p>\n
Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"As Cardano (ADA) continues to struggle in a ranging market, the eighth-largest cryptocurrency has lacked…<\/p>\n","protected":false},"author":4,"featured_media":194917,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n
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