After a massive price rise in the last 24 hours, Cardano's [ADA] price registered a decline, as did its development activity
AMBCrypto’s analysis of Santiment’s data revealed that ADA’s Dev Activity Contributors Count remained high last week. However, its Development Activity dropped.As per the report, the Lace team released v.1.12, which comes packed with improvements and a major new feature that allows users to choose fiat currencies to fund their wallets via this service.
The report also mentioned the updated statistics of the Cardano blockchain. Cardano’s total number of transactions exceeded 91 million, while its number of native tokens also exceeded 10 million.While developers worked on multiple projects, ADA turned volatile. AMBCrypto then analyzed how metrics were affected because of the price correction. As per our analysis of Santiment’s data, Cardano’s MVRV ratio dropped because of the price dip.
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