Cardano: Sinking development activity, price dips and more
Cardano’s total number of transactions exceeded 70 million, while native tokens reached 8.51 million. ADA was down by over 3% in the last 24 hours, but a key metric suggested a trend reversal. On-chain metrics revealed that Cardano [ADA] witnessed a substantial decline in development activity last week. However, Cardano’s weekly development report told a different story. While this happened, ADA’s price action continued to support the bears. However, a look at the derivatives market suggested that the scenario might soon...