Sebastian Guillemot, co-founder of dcSpark and contributor to the Cardano platform stated that Cardano's load was at 94% as of 8 May 2023. Upon hitting the 100% load, transactions could take a longer time to process. The executive also stated improvements that could be made on the chain.
Will ADA fend off the bears?
At the time of writing, the news didn’t show any impact on the performance of ADA. The altcoin was exchanging hands at $0.363 and was down by 4.12% in the last 24 hours. Additionally, the altcoin was trading 5.75% lower over the last seven days. Furthermore, data from DefiLlama showed that, at press time, ADA’s Total Value Locked stood at $145 billion.ADA’s TVL dropped by 3.6% over the last 24 hours. The number of active users on the network also witnessed a decline. Furthermore, as of 7 May, the number of active users stood at 48.4k and was more so in the same area as compared to the last few days.
However, ADA’s social dominance skyrocketed and reached its second-highest peak over the last three months. This indicated that there was much chatter about the chain on the social front. However, ADA will have to do much more than just be the talk of the town to reverse its ongoing bearish narrative.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
![Cardano [ADA]: Could latest rejection at key support push prices to March lows?](https://i.headtopics.com/images/2023/5/7/cryptoamb/cardano-ada-could-latest-rejection-at-key-support--cardano-ada-could-latest-rejection-at-key-support--1655113990857433089.webp?w=640)
Cardano [ADA]: Could latest rejection at key support push prices to March lows?ADA shorts continue to reign supreme, as the price is once again rejected at the $0.4161 resistance level.
Read more »
Cardano founder Charles Hoskinson on crypto FUD, U.S. regulations, and ADA’s futureCardano continues to focus on growth despite going through yet another wave of uncertainty. The network has maintained healthy development activity in the last four weeks. However, investor sentiment wavered during the same period.
Read more »
Cardano vs Solana: Which network has long-term potential? These metrics suggest…Investors looking for a clear winner may have a hard time picking a clear winner in the Cardano vs Solana battle. Perhaps choosing the diversification route will reap more benefits.
Read more »
Meta has team working to block news on Facebook, Instagram from Canadian users | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
Meta has team working to block news on Facebook, Instagram from Canadian usersA representative for Meta says the company has a team that is working toward blocking news for its Canadian users on Facebook and Instagram.
Read more »
Meta has team working to block news on Facebook, Instagram from Canadian usersRachel Curran, head of public policy for Meta Canada, says the team is preparing to end the availability of news on social media platforms should the Liberal government’s online news bill pass
Read more »