ADA Rallies by 12.20% Despite Social Media Critics on Performance

Published 27/03/2024, 11:57
ADA Rallies by 12.20% Despite Social Media Critics on Performance
ADA/USD
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Coin Edition -

  • MartyParty critiques ADA’s 1.68 TPS despite a $23.5B market cap, sparking debate.
  • Cardano sees a 12.20% price surge, and a market cap rises to $24.165B, reflecting investor optimism.
  • ADA trading volume soars by 35.40%, indicating increased market activity and interest.

In a recent social media debate, MartyParty, a host of the crypto traders club space, criticized Cardano’s ($ADA) performance, juxtaposing its transaction speed with its market capitalization. According to the tweet, Cardano operates at 1.68 transactions per second despite boasting a $23.5 billion market cap.

The host said:

Cardano ($ADA) is currently doing 1.68 transaction per second yet has a $23.5 billion marketcap?

MartyParty’s message urged the community to reconsider their investments in Cardano, advocating for a switch to more efficiently performing blockchains. This statement, made on March 26, has sparked varied reactions within the cryptocurrency community.

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