Despite Cardano's higher market capitalization compared to Litecoin by nearly $10 billion, its network activity falls significantly short. On May 31st, Litecoin recorded 357,260 active addresses, whereas Cardano only had 28,630, indicating a substantial difference in user engagement.
Read MoreDuring the ongoing Consensus 2024 conference, Ripple CEO Brad Garlinghouse conveyed optimism about the imminent approval of a spot XRP exchange-traded fund (ETF) in the United States.
Read MoreOver the past week, Cardano (ADA) investors faced challenges with declining prices. Nevertheless, there was a noticeable increase in interest within the DeFi sector.
Read MoreAt present, Cardano (ADA) occupies the 10th spot in terms of market capitalization. Nonetheless, the notable rise of meme coins presents a challenge to ADA's position, especially with Shiba Inu (SHIB) quickly advancing and possibly posing a challenge to Cardano's ranking.
Read MoreAn investor sees Cardano as a standout contender in the upcoming bull market, drawing parallels to its impressive performance in previous crypto rallies.
Read MoreCardano (ADA) has seen a 5.42% decline in value over the past week, making it one of the worst performers among the top 20 cryptocurrencies. Despite this familiar position, some market participants view this as a potential buying opportunity.
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