Cardano (ADA) Is About To Die and Turn into A ‘Zombiechain,’ Ethereum Maxi Says

Name	Symbol	Market	Market Cap ($)	Algorithm
Cardano	ADAUSD	Crypto	16,648,231,538	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Cardano

ADAUSD

Crypto

16,648,231,538

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0066	1.41%	0.4736	0.4736	0.4737

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0066

1.41%

0.4736

0.4737

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4768	0.4663	0.4666	0.467	0.216009 - 0.810200

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4768

0.4663

0.4666

0.467

0.216009 - 0.810200

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:39:17	65.67	0.4736	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

07:39:17

65.67

0.4736

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,288,107.37	2,728,560.32	ADA	ADAEUR	ADAGBP	ADABTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,288,107.37

2,728,560.32

Cardano (ADA) Is About To Die and Turn into A ‘Zombiechain,’ Ethereum Maxi Says

01/10/2022 2:02pm

NEWSBTC

Cardano (ADA), the 8th ranked crypto asset in terms of market capitalization, remains in the red as it loses 6.3% of its value in the last seven days. Cardano lost more than 6% of its value for the past week UniSwap surpassed ADA in terms of daily average transactions Positivity remains among crypto enthusiasts for Cardano As of this writing, according to Coingecko, the asset is trading at $0.43 but still remains one of the top 10 digital assets thanks to its market capitalization which stands at almost $14.7 billion. They hefty market cap, however, is not enough to fend off some negative criticisms and projections about the crypto created by the Hong Kong Input-Output (IOHK) led by Ethereum co-founder Charles Hoskinson. In fact, Evan Van Ness, a well-known die-hard fan and Ethereum maximalist, claims the token is already at death’s door and will soon turn into a “zombiechain.” Let’s check in on the $ADA zombiechain 🧟⛓️ Not only does Cardano do less than one transaction per second… Uniswap does substantially more transactions than Cardano pic.twitter.com/wg0fNoFPck — Evan Van Ness 🦇🔊 (@evan_van_ness) September 29, 2022 ADA Losing Steam Aside from his belief that Ethereum is the best crypto out there, Ness has some alarming information regarding Cardano which could spell its immediate future. ADA’s network is currently living at an incredibly low transaction count of less than one per second. That’s lesser than other assets with lower market capitalization. UniSwap, for example, only has $4.9 billion market cap, but is beating Cardano on the seven-day average of daily transactions. Related Reading: Shiba Inu Fanbase Awaits Eternity Download Event – Will It Boost SHIB Price? Source: Evan Van Ness This is surprising, considering that UniSwap also has significantly higher daily fees count, currently at $1 million, compared to ADA’s $10,000. What Lies Ahead For Cardano While Ness says a lot of negativity towards a crypto asset that was once making breakthroughs, some remain positive about its future. Coin Quora, armed with the results of their price monitoring for Cardano, said the asset will have a bullish run and will close the year with a price of $12. It also predicted that by 2023, its value will increase up to $18. By 2025, however, the crypto, having experienced price corrections, will change hands at significantly lower prices. Analytics Insights place the value of Cardano at $3.81, going as low as $3.68 and as high as $4.38. Both prices are way higher than its current value, $0.43. It remains to be seen if the Ethereum’s maximalist’s claims pack some truth into them, but ADA’s recent performance so far is not helping its case. Related Reading: Uniswap Could Slide Below Support Zone – No Demand For UNI This Week? ADA total market cap at $14.7 billion on the daily chart | Source: TradingView.com Featured image from Cute Wallpaper.org, Chart: TradingView.com

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ADAUSD Cardano