In Light of Recent Events, Cardano (ADA) is Expected to Witness a Radical Shift in 2023
In the ecosystem, interesting developments have recently emerged.If bulls keep fighting, technical indications suggest a positive turnaround might be on the horizon.In the last day, bears have effectively pushed ADA prices down to $0.2578.
Cardano (ADA) and the rest of the cryptocurrency market had a rough year in 2022, and investors are seeking indicators that might hint at the token’s future moves as 2023 looms. Despite a rough year for prices, Cardano has been quite successful in terms of increasing the number of new crypto wallets, adding over 22,000 since January.
Exciting new things have been happening in the Cardano ecosystem, such as the resumption of testing for the DJED stablecoin with improved functionality and the exponential increase in the number of Plutus Scripts.
In addition, Charles Hoskinson, co-founder and chief technology officer of Cardano, has previously detailed plans for Midnight, the company’s new privacy-centric blockchain, which aims to solve the problem of smart contract privacy by introducing a confidentiality framework.
Nonetheless, bears have remained in command and may continue to rule over ADA prices throughout the last week, as th …
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