Analyst Calls Cardano A ‘Ghost Chain’ Amid Disappointing Network Metrics | Bitcoinist.com

Cardano’s price action has been trending downwards alongside the rest of the crypto market, but the on-chain side of things shows the blockchain activity is failing to keep pace with expectat...

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Analyst Calls Cardano A ‘Ghost Chain’ Amid Disappointing Network Metrics | Bitcoinist.com

Source: Bitcoinist.com

Cardano’s price action has been trending downwards alongside the rest of the crypto market, but the on-chain side of things shows the blockchain activity is failing to keep pace with expectations for a top-tier blockchain. Recent weeks have shown sluggish participation across key network indicators, and the stagnation has increased the long-standing ghost chain narrative. […]