Cardano

Solana

2024

Ignite

Base

<ul class="wp-block-list news-points"> 
 <li><strong>Cardano faces stagnant growth with $7.2B in daily transactions but struggles to attract users.</strong></li> 
 <li><strong>40% of ADA held by long-term holders signals a strong belief in Cardano’s future value.</strong></li> 
 <li><strong>Solana and Base pose challenges to Cardano’s user growth amid rising competition.</strong></li> 
</ul> 
<p>Cardano is struggling to attract new users as it faces increasing competition from emerging platforms like Solana and Base. Data from IntoTheBlock reveals that the number of Cardano addresses holding a balance has plateaued at around 4.45 million for over a year, indicating a stagnant user base. This raises questions about what might be the spark needed to trigger the next growth cycle for <a href="https://coinedition.com/analyst-predicts-these-native-cardano-tokens-to-see-price-boosts/">Cardano’s native token</a>, $ADA.</p> 
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   <p lang="en" dir="ltr">Cardano’s number of addresses with a balance has hovered around 4.45 million for over a year. Here's what's going on<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>During the last cycle, Cardano experienced significant growth, positioned as a strong alternative to Ethereum. However, in the current cycle, the network faces… <a href="https://t.co/WJrnAP8FQZ" target="_blank" rel="nofollow">pic.twitter.com/WJrnAP8FQZ</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1823272401448095853?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 13, 2024</a>
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<p>Despite volatile price swings that peaked in early 2021 and subsequent declines, the number of active Cardano addresses has stea…</p>
<p>The post <a href="https://coinedition.com/cardano-faces-a-new-phase-what-could-ignite-the-next-bull-run/">Cardano Faces a New Phase: What Could Ignite the Next Bull Run?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Cardano Faces a New Phase: What Could Ignite the Next Bull Run?

Coin Edition

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