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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.

链上数据显示卡尔达诺（ADA）的钱包活动最近有所下降，引发了人们对加密货币的根本原因和潜在影响的疑问。

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.

在一条推文中，分析公司 Santiment 比较了顶级资产中的非空钱包数量。卡尔达诺成为少数几个出现下降的网络之一，过去三个月非空钱包下降了 0.1%。相比之下，狗狗币和比特币分别上涨了 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

📊 尽管价格波动，非空#Bitcoin 钱包的总量仍在快速增长。 #Dogecoin 等资产的 #Altcoin 钱包在今年早些时候大幅上涨后已经趋于平缓。 #Cardano 是少数几个出现活跃钱包下降的网络之一。 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.

卡尔达诺的市场困境不仅仅限于钱包活动。根据 CoinGecko 的数据，该加密货币在过去 30 天内下跌了 28.7%，尽管同比仍上涨 17.8%。 ADA 的排名也有所下滑，目前落后于狗狗币 (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.

截至撰写本文时，ADA 在昨天交易时段触及 0.445 美元的低点后正在反弹。目前在过去 24 小时内上涨 2.2%，交易价格为 0.4697 美元。

Warning Sign or Opportunity?

警告信号还是机会？

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

钱包活动的下降可能表明人们对卡尔达诺的兴趣减弱，也可能表明存在被低估的机会。然而，考虑更广泛的背景至关重要。

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.

加密市场目前正面临不确定性，用户活动波动很常见。随着项目适应不断变化的市场条件，衰退和整合时期往往先于新的开发和扩张。

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，卡尔达诺即将进行的升级和正在进行的举措可能会减轻这些短期趋势的影响。历史数据还表明，ADA 可能会出现突破，并有可能创下新高。

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，加密货币分析师阿里指出，卡尔达诺的基本面保持不变，目前在突破之前处于稳定状态。如果 2018 年至 2021 年观察到的分形模式持续下去，ADA 可能会升至 1.70 美元，可能为突破 5 美元铺平道路。