Cover Image via U.Today

封面圖片來自 U.Today

On-chain data reveals a recent decline in wallet activity for Cardano (ADA), prompting questions about the underlying causes and potential implications for the cryptocurrency.

鏈上數據顯示卡爾達諾（ADA）的錢包活動最近有所下降，引發了人們對加密貨幣的根本原因和潛在影響的疑問。

In a tweet, analytics firm Santiment compared non-empty wallet counts among top-tier assets. Cardano emerged as one of the few networks to experience a drop, with non-empty wallets decreasing by 0.1% over the past three months. In contrast, Dogecoin and BTC saw increases of 13.8% and 2.6%, respectively.

在一條推文中，分析公司 Santiment 比較了頂級資產中的非空錢包數量。卡爾達諾成為少數幾個出現下降的網路之一，過去三個月非空錢包下降了 0.1%。相比之下，狗狗幣和比特幣分別上漲了 13.8% 和 2.6%。

📊 The total amount of non-empty #Bitcoin wallets are rapidly growing despite choppy prices. #Altcoin wallets for assets like #Dogecoin have flattened after enormous rises earlier this year. #Cardano is one of the few networks to see active wallets drop. https://t.co/itg9qMes7c pic.twitter.com/yrOlEQw3jy

📊 儘管價格波動，非空#Bitcoin 錢包的總量仍在快速增長。 #Dogecoin 等資產的 #Altcoin 錢包在今年稍早大幅上漲後已經趨於平緩。 #Cardano 是少數幾個出現活躍錢包下降的網路之一。 https://t.co/itg9qMes7c pic.twitter.com/yrOlEQw3jy

— Santiment (@santimentfeed) April 27, 2024

- Santiment (@santimentfeed) 2024 年 4 月 27 日

Cardano's market struggles extend beyond wallet activity. According to CoinGecko, the cryptocurrency has declined by 28.7% in the past 30 days, although it remains 17.8% higher year-over-year. ADA has also slipped in rankings, now sitting behind Dogecoin (DOGE) and Toncoin (TON) in 10th place.

卡爾達諾的市場困境不僅限於錢包活動。根據 CoinGecko 的數據，該加密貨幣在過去 30 天內下跌了 28.7%，儘管年比仍上漲 17.8%。 ADA 的排名也有所下滑，目前落後於狗狗幣 (DOGE) 和 Toncoin (TON)，排名第十。

At the time of writing, ADA was rebounding after reaching a low of $0.445 in yesterday's trading session. It is currently up 2.2% over the past 24 hours, trading at $0.4697.

截至撰寫本文時，ADA 在昨天交易時段觸及 0.445 美元的低點後正在反彈。目前在過去 24 小時內上漲 2.2%，交易價格為 0.4697 美元。

Warning Sign or Opportunity?

警告訊號還是機會？

The declining wallet activity could either indicate waning interest in Cardano or an undervaluation opportunity. However, it is crucial to consider the broader context.

錢包活動的下降可能表明人們對卡爾達諾的興趣減弱，也可能表明存在被低估的機會。然而，考慮更廣泛的背景至關重要。

The crypto market is currently experiencing uncertainty, and fluctuations in user activity are common. Periods of decline and consolidation often precede renewed development and expansion as projects adapt to changing market conditions.

加密市場目前正面臨不確定性，用戶活動波動很常見。隨著專案適應不斷變化的市場條件，衰退和整合時期往往先於新的開發和擴張。

Moreover, Cardano's upcoming upgrades and ongoing initiatives may mitigate the impact of these short-term trends. Historical data also suggests that ADA could experience a breakout, potentially reaching new highs.

此外，卡爾達諾即將進行的升級和正在進行的舉措可能會減輕這些短期趨勢的影響。歷史數據還表明，ADA 可能會出現突破，並有可能創下新高。

In an early April post, crypto analyst Ali noted that Cardano's fundamentals remain unchanged and that it is currently stabilizing before a breakthrough. If the fractal pattern observed from 2018 to 2021 continues, ADA could rise to $1.70, potentially paving the way for a breakout to $5.

在四月初的一篇文章中，加密貨幣分析師阿里指出，卡爾達諾的基本面保持不變，目前在突破之前處於穩定狀態。如果 2018 年至 2021 年觀察到的分形模式持續下去，ADA 可能會升至 1.70 美元，可能會為突破 5 美元鋪平道路。