Despite the recent decline, Cardano appears stable and continues to show signs of activity. This drop could be an excellent opportunity to buy ADA before the market price rises. Despite the decline in the altcoin market, there are several types of activity that demonstrate Cardano’s resilience and persistence.
ADA is not stopping, is it a good time to buy before June?
Initially, the Vasil hard fork is scheduled for June. It’s also a massive upgrade that brings massive performance improvements to Cardano. Founder Charles Hoskinson claims that many users and dApps will contribute to the increased ADA TVL once the update drops. Hoskinson shows no signs of being worried about Cardano’s future.
Second, just a few days ago IOHK announced that Cardano is in development. announced that it has approximately 900 projects. That’s a significant increase since the last update in March, when Vice President Tim Harrison announced that Cardano only had 500 projects in development.
Third, despite the bearish market this April, Cardano users reached a milestone of 74% staked ADA. This means that thousands of users have staked almost $23 billion worth of ADA across 3,000 active pools in the last two years.
Recent developments from the altcoin project
As we quoted as Kriptokoin.com, in March Charles Hoskinson announced that Cardano has “millions of local assets and hundreds of dApps”. The tweet was put in the context of recalling an old tweet in which Hoskinson envisioned far fewer assets and dApps. Again, Hoskinson shows determination and stubbornness in pushing the ADA.
Moreover, the number of wallets holding ADA increased significantly in February to reach 3 million. exceeded. In detail, December 2020 showed 186,000 wallets holding ADA; and by the first quarter of 2022 this number had increased to 3,200,000 wallets. That’s an increase of 1,600 percent.
All these events show that Cardano is overflowing with activity. As the statistics continue to improve, we witness how fast Cardano is growing. As a result, according to analysts, now may be the best time to buy ADA before June arrives.
