Has Cardano’s bullish stint already ended
Over the past few trading sessions, Cardano bulls have been dragged down by the bears. In the bygone week, the alt made several attempts to climb above $2.1. However, ADA was rejected almost every single time.
Cardano’s shrunken market cap was well under $66.4 billion, at the time of writing. In fact, altcoins like BNB and Solana were in better positions on the rankings chart.
Well, despite the ADA’s dwindling price and market cap, Cardano’s protocol revenue has been hitting new highs of late. According to data from Token Terminal, the total revenue quite recently managed to enter the $105-$140 billion bracket.
Even on the macro timeframe, the current close-to-$70 billion range is more towards the highs than the lows.
Source: Token Terminal
Well
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