• Cardano faces criticism for low TPS and declining market performance despite high TVL.
• Scammers target Cardano users with fraudulent ADA token migration schemes.
• ADA price shows a negative trend with a declining RSI and bearish MACD crossover.

Cardano continues to draw criticism from the crypto community over its low transaction volume and declining market performance. Despite $22 billion locked within the network, the platform handles only 1.3 transactions per second (TPS), sparking concerns about its utility and future.

Most argue that this low transaction rate means that less than 1.5 users are using the network at any given second, prompting some to label the situation a catastrophe for Cardano.

Cardano saw 6,697 transactions in one hour, averaging an actual TPS of 1.86. Over 24 hours, the blockchain processed 112,179 transactions at an…

The post Cardano’s “Ghost Chain” Debate Reignites as ADA Falls  appeared first on Coin Edition.

• Cardano faces criticism for low TPS and declining market performance despite high TVL.
• Scammers target Cardano users with fraudulent ADA token migration schemes.
• ADA price shows a negative trend with a declining RSI and bearish MACD crossover.

Cardano continues to draw criticism from the crypto community over its low transaction volume and declining market performance. Despite $22 billion locked within the network, the platform handles only 1.3 transactions per second (TPS), sparking concerns about its utility and future.

Most argue that this low transaction rate means that less than 1.5 users are using the network at any given second, prompting some to label the situation a catastrophe for Cardano.

Cardano saw 6,697 transactions in one hour, averaging an actual TPS of 1.86. Over 24 hours, the blockchain processed 112,179 transactions at an…

The post Cardano’s “Ghost Chain” Debate Reignites as ADA Falls  appeared first on Coin Edition.