Cryptocurrency Q&A
Why is Cardano cheap?
Why is Cardano cheap?
HanbokGlamour
Thu Oct 31 2024
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7 answers
1440
Cardano is cheap for several reasons. Firstly, its market capitalization is relatively low compared to other major cryptocurrencies, which can influence its price. Secondly, the supply of Cardano is much higher than some other cryptocurrencies, putting downward pressure on the price. Additionally, its recent launch and lack of widespread adoption may also contribute to its lower price.
7 answers
GeishaWhisper
Sat Nov 02 2024
Over a specific period, the number of new addresses has significantly dropped.
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Elena
Sat Nov 02 2024
The decline in network activity serves as a key factor influencing the price of ADA.
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CryptoTamer
Fri Nov 01 2024
Additional insights from DefiLlama provide further evidence of this downtrend.
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ZenMindfulness
Fri Nov 01 2024
Specifically, the total value locked (TVL) on Cardano has been decreasing over the past six months.
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Daniele
Fri Nov 01 2024
Initially, there were 24,860 wallets associated with new addresses.
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