Despite seeing a consistent increase in developer activity and progress with its roadmap, Cardano slipped to levels unseen since the Bitcoin price dropped to the $3,000s in December 2018.
At the time, the Bitcoin price dropped to as low as $3,121 on BitMEX and other widely utilized trading platforms.
As of Dec. 23, the Bitcoin price is down by 46 percent from its yearly high at $13,900 and as such, BTC and the crypto market are technically still on a bearish trend.
2: Cardano has a strong tech with high developer activity but no commercial apps yet.
Over the past 12 months, based on the data from CoinCodeCap, Cardano has consistently had a high number of GitHub commits at 14,611.
In 2020, Cardano will also see the start of a new development phase called Voltaire.
It will focus on the governance side of the Cardano blockchain network to further increase its level of decentralization.
"When both a voting and treasury system are in place, Cardano will be truly decentralized and no longer under IOHK's management. Instead, Cardano's future will be in the hands of the community, who will have everything they need to grow and evolve Cardano from the secure, decentralized basis established by IOHK.".
The difficulties of the previous council of the Cardano Foundation in pushing the commercial aspect of the blockchain protocol are said to have contributed to the stalled growth of Cardano as a smart contract network for decentralized platforms.
Regardless, 2020 is shaping up to be the most important year yey for ADA and the Cardano community.
Cardano price drops to yearly low; here are the two main factors behind the decline
Published on Dec 22, 2019
by Cryptoslate | Published on Coinage
Much Anticipated Central Bank Digital Currencies Raise Privacy Concerns
Central Bank Digital Currencies, or CBDCs, have been an increasingly popular topic in the cryptosphere and financial world as a whole, especially with the onset of the COVID-19 crisis.
These charts suggest Bitcoin's "safe-haven" status is about to see its ultimate test
One integral facet of Bitcoin's value that investors have long pointed to is its potential status as a "Safe haven" asset.
Presidential Campaigns and Tiktok: Bad Crypto News of the Week
It's been another good, stable week for Bitcoin.
Here's what triggered the parabolic surges in Cardano, Kyber Network, and Matic
According to crypto research and data firm Messari, the driving force in much of the altcoin market right now and over the past year is staking.