Cardano's ADA is experiencing price pressure as the network grapples with congestion and reduced throughput, causing trader concerns. The cryptocurrency is consolidating around $0.40, with potential recovery to $0.65 if support levels hold. Developers are focusing on performance upgrades to stabilize the network and facilitate a rebound.
Ecosystem partners, including EMURGO, are progressing with cross-chain integrations, while the Plomin-era governance updates continue to bolster the protocol. Developers are prioritizing solutions to throughput issues to prepare for future traffic increases, maintaining confidence in Cardano's long-term fundamentals.
Cardano Faces Network Congestion, Developers Plan Upgrades
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