Cardano Community Builds As ADA Falls 20%

  • It has been a busy week for Cardano, despite the current drop in ADA price.
  • The Cardano community continues developments and events.
  • The majority of ADA holders are currently facing losses.

Despite the downturn in the cryptocurrency market over the past few days, the range Cardano (ADA) Operating System.

The Cardano Foundation team has subscriber An overview of news, events, and progress across the ecosystem as of the past week. This week, the price of Cardano’s native cryptocurrency ADA has seen a rocky road, with almost all of its holders facing losses.

Amidst a turbulent time for ADA price, the Cardano community has continued to innovate, launching a new webinar series that kicked off Women’s Day and hosting the CIP-1698 workshop, among other developments.

Bear markets are for construction

In contrast to the downward trajectory of the ADA price, things for the broader ecosystem are looking up.

On March 8, 2023, the Cardano Foundation launched New webinar series Titled “Let’s Talk Cardano” to cover topics across the ecosystem. In celebration of Women’s Day, a panel of leading women in the community hosted the first webinar, playing an “instrumental role in driving innovation” for Cardano.

Furthermore, Input Output Global (IOG), Cardano Foundation, and Emurgo recently met in Colorado for a workshop aimed at discussing the latest developments in Cardano’s on-chain management and CIP-1694. Community members also participated in the meeting as conversations about CIP-1694 continue Gaining momentum.

More developments decorating the Cardano ecosystem include the new NFT-related ecosystem developments From the city of Cardano NFT JPG Store marketplace and Aada Finance (AADA) cryptocurrency lending platform double Total Value Locked (TVL) on March 7th.

To the dismay of ADA holders, that ADA rate Not aligned with the takeoffs that happen across the ecosystem. At the time of writing, ADA is trading at $0.30, down by 20.82% over the past 30 days.

Cardano 1 month price chart. source: mesari

The total number of ADA holders in earnings increased somewhat from the 0% recorded early on March 10th, with 9% of ADA holders in profit at the time of writing, according to data from IntoTheBlock.

on the flip side

  • Cardano (ADA) is still currently claiming #7 ranked by market value.
  • The majority of the top ten cryptocurrencies are currently in existence downward trajectoriesand failure to break out of the current downward trend of the market.

Why should you bother

The Cardano community is among the most active in the crypto space. The innovation demonstrated by the community attests to the network’s long-term vision beyond ADA pricing.

Read more about recent developments in the Cardano ecosystem: from Cardano to usher in the next generation of movies

Read more about the inner workings of Cardano:

What is Cardano and how does it work?

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