- Social sentiment in connection with Cardano has begun to rise
- Project’s TVL also hiked while its founder pushed for a bank-free crypto-sector
Cardano [ADA], the decentralized Proof-of-Stake (PoS) blockchain, has put up with consistent neglect by folks in the crypto-channel. The lack of attention given to the network might be surprising though, especially as the ecosystem reacted positively to recent crises in the industry.
Read Cardano’s [ADA] Price Prediction 2023-2024
An escape route for the fallen
However, according to on-chain data, Cardano’s struggles are not really a recent matter. In fact, Santiment data revealed that social dominance has hit severe rock bottom repeatedly since 26 February.
Social dominance gauges the percentage of discussions around an asset among the top-100 per market capitalization. However, the project’s image seems to be on its way to redemption as the metric hit 2.687% on 14 March. Despite its modest decrease at the time of writing, the condition confirmed that Cardano’s mentions across socials had become mainstream.
While the aforementioned proved that sentiment might be changing, the development activity had a reading of 85.26. This metric detects the improvements in a project’s network and commitment to its core fixes.
At press time, Cardano’s Development Activity did not measure very highly. Instead, it fell slightly but remained around the zone it has occupied since March began. This implied that there has been no notable demand for upgrades o
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Author: Victor Olanrewaju
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