Can Cardano [ADA] beat the bear market blues? Stakers have the answer

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Cardano seemed to be on its way to prosperity after the Vasil hardfork. However, sadly, things took a turn for the worse as ADA failed to hike on the price charts. Many traders took to selling and investors’ sentiment started dwindling. But despite ADA’s woes, its stakers, continued to show support. Here’s AMBCrypto’s Price Prediction […]

seemed to be on its way to prosperity after the Vasil hardfork. However, sadly, things took a turn for the worse as ADA failed to hike on the price charts.its stakers, continued to show supportAccording to staking rewards, there was a massive uptick observed in terms of stakers on Cardano’s network. As can be seen from the image below, the number of stakers on the network grew by 30.51% over the past 30 days.depreciated by 23.

As can be seen from the image below, there was a sharp decline in velocity observed over the past few days, which would indicate that the average amount of times the ADA was exchanged amongst wallets had dropped down. Alongside that, there was a decline in ADA’s development activity over the past month. For traders who look at dev activity before entering a trade, this could be perceived as a bearish sign.Blue chip Cardano NFT’s such as

 

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