The current cryptocurrency market is facing uncertainty, as shown by fluctuations in Cardano's price and low activity in Chainlink’s network, while BlockDAG is nearing the completion of its audit.
Chainlink Network Activity Slides
Chainlink’s (LINK) network activity has significantly declined over the past month, with the number of new and active addresses dropping sharply since December. Despite this, accumulation trends indicate more than 24 million LINK have been taken off exchanges, representing reduced selling pressure. However, this shift hasn't sparked an increase in user engagement, highlighting a disconnect between supply buildup and actual usage.
Cardano Price Slips
Cardano’s (ADA) price is showing caution, slipping from $0.7122 to $0.6945. This suggests market hesitation ahead of May, with lower trading volume and resistance holding at $0.7122. Key support is set at $0.685, and any dip below this level could trigger further losses. Mixed signals from indicators call for a break above resistance to regain bullish momentum.
BlockDAG Nears CertiK Audit Completion
BlockDAG is approaching a significant milestone, with the CertiK audit, one of the final security checks before launch, wrapping up next week. Following a successful Halborn audit, the project is nearing its launch phase. The presale has raised over $225 million with 19.6 billion tokens already purchased by investors, indicating a growing interest ahead of the official launch.
Recent updates from Cardano and Chainlink reveal a market shrouded in uncertainty. In contrast, BlockDAG is emerging as a standout project, nearing the conclusion of its audit, which may reflect its increasing popularity.
