Bitcoin average fee paid per block. Source: GlassnodeDaily R | Crypto dad on Binance Square

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Bitcoin average fee paid per block. Source: GlassnodeDaily Revenue of Bitcoin Miners.

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While the analyst acknowledges that there are no guarantees in the volatile world of cryptocurrencies, he expressed enthusiasm for the current momentum building around Cardano.

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He pointed out that as more people explore Cardano due to the buzz surrounding meme coins, they may discover the platform’s advantages over other chains, such as its enhanced security, decentralization, and user-friendly experience.

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Gambardello speculated on the potential impact of the ongoing adoption wave.

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On 26 May 2023, 2,538 new SHIB addresses were created – marking the highest increase in 3 months.

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The crypto trader and analyst Ali recently tweeted that network activity for SHIB is soaring.

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