Forget The Obituaries—Cardano Is Alive, Says Bitcoin Analyst

Widely followed Bitcoin figure Lark Davis pushed back on suggestions that Cardano is finished, saying, “what is dead can never die.” At the same time, he pointed out that on-chain activity looks flat.Cardano (ADA) was trading at $0.51, down 8.8% in the past 24 hours, and it holds a market cap of $18.8 billion. That is the context for a larger question now being asked across crypto circles: can community and hype move a token more than real network use?
On-Chain Activity Shows Little