Connect with us

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Cardano Web Traffic Increased By 100 Percent In Q1, Could This Begin A Bullish Run For The Coin

Cryptocurrency

Cardano Web Traffic Increased By 100 Percent In Q1, Could This Begin A Bullish Run For The Coin

Cardano (ADA) is seen by many as a decentralised blockchain platform that is yet to fulfil its potential despite having a fool proof philosophical approach. The research-driven project is yet to derive the popularity and excitement within the crypto space that it deserves.

However, this looks set to change as there are growing indications that Cardano is beginning to generate momentum in 2019. Its recent administrative restructuring has begun to reap dividends as the coin has increased its marketing attracting new investors to its platform.

According to the latest web traffic rankings by similar web, Cardano’s website received a 100% increase in traffic during the first quarter of the year. It was up from 200,000 at the beginning of the year to around 400,000 visits in April.

 

 

Cardano (ADA) Trumps TRON (TRX) and EOS (EOS)In Web Traffic Rankings

It could be easy to dismiss this statistic as mere numbers but when comparing it to popular rival cryptos Tron and EOS the impact becomes clearer.

Tron.network saw an increase of less than 5% up from 270,000 to 280,000 while EOS saw a slightly better percentage increase from 210,000 to 230,000 visits during this time frame.

This increased interest has also spread across social media platforms as Cardano has seen an increase in followers on major social media platforms.

Reddit which is a popular platform for crypto enthusiast has seen an increase of 46% on Cardano subreddit thread during the first quarter of the year. Its Twitter page has also seen an increase of over 155% with an average of 2500 new followers every month.

One major factor in the rise of coin price is the level of transactions on the coin and Cardano could reap a ripple effect from this new development.

Cardano (ADA) Price

 

Cardano (ADA) has been steadily increasing in value in the past four months after a bearish end to 2018 and currently sits 10th among the top-ranked crypto by market cap.

Telegram

Cardano as at the time of writing was trading at $0.063073, down by 1.71% in the last 24 hours which could be connected to the hack on top exchange Binance which affected the crypto market.

It remains to be seen whether the increased attention towards the coin could spark a bullish run in April.

 

Writer, editor and digital space observer with 5 years experience in the blockchain industry.

1 Comment

1 Comment

  1. Kris Kris

    May 9, 2019 at 4:55 pm

    ” A bullish run in April ” ?? When did you write this ??

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Cryptocurrency

Advertisement
Join Us On Telegram1
Advertisement

Submit Press Release

Advertisement

Facebook

To Top