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Final deadline for SEC v. Ripple case: is the verdict finally in?
Growth opportunities that GSRs should capitalize on include evaluating prospects for investing in promising Cardano-based projects, collaborating on improving interoperability between #Cardano and other #blockchains , and promoting educational content to attract more users and developers to the ecosystem. These include.
In addition to the backdrop's optimism about the future, #ADA prices have fallen significantly in recent months.
Cardano's native token ADA has struggled to recover from its yearly high of $0.81 reached on March 14. Since that peak, ADA has declined significantly, falling 50% to a yearly low of $0.401 on April 13. Since reaching that low, the token's price has fluctuated between $0.422 and $0.523, with little sign of overcoming that decline.
Daily chart of Cardano's price in US dollars from Trading View.
Many see this weak price movement as symbolic of Cardano's broader problems in recent months. Observers say the project's difficulties stem from a number of issues, including weak marketing efforts that have failed to gain traction and strong competition from rival blockchains.
Last month, #TON overtook Cardano to rank ninth in market capitalization; TON recently launched an "identity verification" protocol, offering Telegram users to exchange palm prints for TON tokens. In addition, the project gained a significant advantage by being part of the ecosystem of Tether, the largest provider of stablecoins.
Cardano was one of the top three tokens until the end of September 2021.
Cardano DeFi has a total blockchain value (TVL) of $388 million, which places it 20th in TVL behind chains such as Ultron, Hyper Liquid and Pulsechain.
Cardano owners can give their opinion on a possible partnership with BCH.
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