Cardano [ADA]: This metric could bring about a change in fortune
Though the Valentine upgrade was rolled out with much optimism, Cardano [ADA] has failed to capitalize on the opportunity. According to CoinMarketCap, ADA dropped significantly over the previous week, plunging 13%, at the time of writing.
Furthermore, nearly $1.46 billion of Cardano’s market cap was wiped out in the same time period.
But things could be taking a positive turn. Cardano’s development activity which was in a downward spiral since 16 February, bounced back impressively over the last few days, data from Santiment revealed.
Source: Santiment
Read Cardano’s [ADA] Price Prediction 2023-24
Cardano published the latest edition of its weekly development report. The spike in development activity could be due to the key updates that happened in its ecosystem in the last seven days.
<p lang=«en» dir=«ltr» xml:lang=«en»>ICYMI: Our weekly #Cardano development update is live on #EssentialCardano!Check out what our dev team has been up to and get the latest on our development progress.
As always, we welcome your feedback and comments
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