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Cardano [ADA] Becomes Top Altcoin Based on Social and Market Activity, Bullish Sentiment Outweighs Bearish Comments

Cardano's ADA has become the top altcoin based on social and market activity, moving up 116 places according to LunarCrush's Altrank algorithm. The increase in social engagement by 71.4% in the last 24 hours contributed to the rise in sentiment towards ADA, which saw bullish sentiments outpace the market's bearish perception.

However, Cardano's Total Value Locked (TVL) fell by 14.48% in the last 24 hours, and public GitHub repositories have declined, indicating a decline in development activity. On the positive side, the 24-hour active addresses rose, indicating growing utility for the token.

Cardano Cardano $0.97
+22.59%
Cardano ADA
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