The Cardano blockchain has undergone tremendous growth over the previous year, as indicated by the rise in the number of wallets holding the network’s native token, ADA.
We have seen a lot of activities in Cardano blockchain in terms of development, many devs are working hard on theirs ecosystem on many Dapps.
Notably, in the first quarter of 2022, the largest Proof-of-Stake (PoS) asset added 453,121 wallets between January first when the number of wallets stood at 2,666,372, and March 31 3,193,445, according to the statistics from Cardano Blockchain. Indicating that within this time Cardano added over 5,000 wallets daily to its network, resulting in a 19.76% rise in the total number of wallets in 3 months.
At the moment of writing there are over 3.2m ADA wallets/holders. the cryptocurrency community anticipates that there even more yet to join in the Cardano network.
Cardano blockchain also shows another strong indicator that almost 73% of ADA is staked and over $247m TVL in the Cardano blockchain.
Cardano current price is $1.100 with a marketcap of $35,57b, It’s price is 7,7% down in last 24h.
Another good news for the Cardano ecosystem is the SingularityNET decentralized AI platform from Ethereum to Cardano. SingularityNET began on Ethereum in 2017 but was always multi-chain in conception and ambition, in mid-2021 hard fork the implementation of a version of the SingularityNET AGIX token and associated functionality across multiple blockchains.
Also, American rapper Snoop Dogg is set to issue unreleased music as non-fungible tokens (NFTs) on the Cardano ($ADA) blockchain as part of a collaboration with Cardano-based platform Clay Nation. The collaboration will also involve “iconic collectibles” and “limited edition ‘pitches’.” In a video promoting an upcoming twitter space with him and Charles Hoskinson, clay versions of the American rapper and crypto investor Champ Medici are seen touting the meeting, with Snoop saying he has been “checking out that Cardano and this Web3 stuff is exciting to me.”
This year should be very positive for Cardano ADA and it’s more likely to see new ATH till the end of this year.
The crypto market sank from $2.271trillions to $2,126trillions because off the $350M in liquidations, 117,196 crypto traders have been liquidated with the largest single liquidation happening on Bybit. Bitcoin current price is $44,265.00 with a marketcap of $842,452 billions, It’s price went down for 3.5% in the last day, also indicator shows there is a still fear in the market due to geopolitical happening.