Cardano

2024

Coin

<ul class="wp-block-list news-points"> 
 <li>Cardano faces criticism for low TPS and declining market performance despite high TVL.</li> 
 <li>Scammers target Cardano users with fraudulent ADA token migration schemes.</li> 
 <li>ADA price shows a negative trend with a declining RSI and bearish MACD crossover.</li> 
</ul> 
Cardano continues to draw criticism from the crypto community over its low transaction volume and declining market performance. Despite $22 billion locked within the network, the platform handles only 1.3 transactions per second (TPS), sparking concerns about its utility and future. 
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 Cardano is running at 1.3 transaction a second. This means less than 1.5 users are using <a href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Cardano</a> a second. 1.5 users people. Yet $22b is locked in the network controlled by one man. This is the definition of a catastrophe. (Data from <a href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Cardano</a>) <a href="https://t.co/UHDIN4Aukw" target="_blank" rel="nofollow">pic.twitter.com/UHDIN4Aukw</a>— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1841938074668040192?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 3, 2024</a>
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Most argue that this low transaction rate means that less than 1.5 users are using the network at any given second, prompting some to label the situation a catastrophe for Cardano. 
Cardano saw 6,697 transactions in one hour, averaging an actual TPS of 1.86. Over 24 hours, the blockchain processed 112,179 transactions at an…
The post <a href="https://coinedition.com/cardanos-ghost-chain-debate-reignites-as-ada-falls/">Cardano’s “Ghost Chain” Debate Reignites as ADA Falls&nbsp;</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Cardano’s “Ghost Chain” Debate Reignites as ADA Falls

Coin Edition

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