The Cardano Prize falls on the level of 2017 after the 5th birthday of Crypto
The Cardano Prize falls on the level of 2017 after the 5th birthday of Crypto
- Cardano was a member of the top 10 after market capitalization most of its existence
- Ada has dropped by 86 % compared to its all -time high, the second largest loser among the top 10 next to Doge
Cardano, the so -called “third generation blockchain”, was a first -class loser when it comes to the price so far into the Bärenmarkt 2022.
The multi-year top 10 crypto, which briefly briefly as place number 3 for a few months in 2021, is around 86 % of its highest level in September 2021 of just more than $ 3 per piece Coin.
The blocked total value (TVL) of the chain in March 2022 fell in a similar way by 77 %, according to Defillama -and is now at around 76 million US dollar, which is good for this metric the 27th place is.
Under the projects latest highlights Target = "_ blank" href = "https://cardanofoundation.org/en/news/cardanofoundation-partners-partners-with-national-national-wine-agecy/"> authenticate wine from the nation Georgia and "Krypto-based algorithmic stablecoin, which acts as autonomous bank", Called DJED-a hard sale in a post-terra environment.
His decentralized applications (DAPPS) also have difficulty competing with other Layer 1 applications. The so -called Plutus Smart Contracts on which DAPPS are based are unique for Cardano and in A relatively rare Programming Haskell. This means that DAPS cannot simply be ported by Ethereum, as can be provided on an Ethereum Virtual Machine (EVM) compatible Layer 1 blockchain.
Cardano took steps to attract developers and took a good place in the key figures on developer activity. according to Analytics company Santiment. But one year after the Alonzo-Hardfork, which added Smart-Contract functions for the first time, its greatest decentralized defi exchange, Minswap listed a volume of less than 1 million US dollar.
from Byron to Voltaire
The Cardano ethos was a slow, meticulous progress along a roadmap of five epochs that were named after famous writers: Byron, Shelley, Goguen, Basho and Voltaire.
Now, in the basho era, was the latest upgrade, Vasil, with regard to the complexity at eye level with the Ethereum Merge, cardano Charles Hoskinson.
The upgrade brings with it a version 2 of plutus, The throughput of DAPPS of around 1.5 transactions per second (TPS) increases up to nine. In comparison, this may not sound like a lot Ethereum Layer-2S or Solana but the supporters point out that the comparison of the non -output transaction expenditure of cardano (utxo)-based model to an account model like that of Ethereum cannot be applied.
Nevertheless, according to Evan Van Ness from Starbloom Ventures, the majority of Cardano's transaction activities consists of simple Cardano (ADA) transfers. No Smart-Contract-activity .
As the historical change from Ethereum to Proof-of-Stake, Vasil did not immediately raise the ADA price.
Both its price and its market capitalization get stuck in the Byron era and have been supporting around $ 0.42 since the crypto market crypto market crypto, but are increasingly lowering.
It is not clear whether Basho's focus on scaling as a catalyst will be sufficient to reverse this.
The original roadmap from Cardano is to be completed in 2023, said Hoskinson, Call it "The strongest, resistant self -controlled organism was designed with a population in the millions and great benefit for everyone. ”
Hoskinson added: "There are still many challenges before; there are many upgrades to do."
The Post Cardano Prize crashes to the 2017 level after the 5th birthday of Crypto and is not financial advice.