shuwaltruda
@shuwaltruda
Post-Alonzo (September 2021), Cardano’s ADA surged 116%, peaking at $3.10, driven by smart contract functionality. Over 100 smart contracts were deployed within 24 hours, but adoption lagged, with only 3,811 Plutus contracts by November 2022. Market reaction was initially bullish, with $1.3M in investment product inflows, but a 10% drop followed due to “sell the news” sentiment. Current price is $0.62, reflecting slower DeFi adoption compared to Ethereum.
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waqarchevrette
@waqarchevrette
😍
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