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- Despite continuous deployment on the Cardano network, ADA has yet to see a significant lift.
- However, the recent increase in development activity and new projects launched on the platform could soon change this.
- ADA’s slight increase has already helped the supply in profit rise to 18.88 billion.
Cardano’s continuous deployment and increased development activity could soon lift ADA’s performance, despite a current stall in price growth.
Increased Development Activity on Cardano
In April, five projects were launched on the Cardano [ADA] blockchain, as revealed by InputOutput in a post on X (formerly Twitter). The research and engineering arm of the blockchain noted that some of these projects deployed new scripts, while others focused on deploying new tokens or releasing new versions to improve transactions on the network.
Future Projects and ADA’s Performance
InputOutput also noted that there are eight more projects set to launch on the Cardano network in the coming weeks. Despite the continuous development activity, ADA’s price has yet to see a significant increase, currently sitting at $0.46. However, if the ongoing developments continue to progress, ADA’s price action could improve, impacting other parts of the Cardano ecosystem positively.
ADA Supply in Profit
One aspect of the Cardano ecosystem that could be positively impacted by ADA’s price increase is the total supply in profit. Currently, out of the 38.84 billion tokens in circulation, 18.88 billion are in profits. If ADA’s price revisits $0.50, this number could surpass 20 billion.
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Conclusion
While ADA’s price has stalled despite Cardano’s expansions, the continuous deployment and increased development activity on the network could soon change this. If the ongoing developments continue to progress, ADA’s price action could improve, leading to a potential increase in the total supply in profit and maintaining its top 10 spot in market cap.
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