After the much-anticipated Vasil hardfork that was pushed earlier in September, Cardano [ADA]<\/a> struggled to register any promising gains. The episode was quite the opposite of what the community expected, as people thought ADA\u2019s price would surge after the hardfork. <\/span><\/p>\n However, at the time of writing, ADA\u2019s price was over 4.5% less than last week and was trading at $0.4225 with a market capitalization of $14,472 billion. Interestingly, Cardano developers recently pushed yet another update called the koios-go-client v2.0.0 update.<\/span><\/p>\n Though this new release can be considered as a positive signal for the blockchain, the question is whether it can be enough to fuel ADA\u2019s next bull rally?<\/span><\/p>\n koios-go-client v2.0.0: https:\/\/t.co\/AYXiR5dUEC<\/a><\/p>\n v2.0.0 \u2014 Cardano Updates (@cardano_updates) October 3, 2022<\/a><\/p>\n<\/blockquote>\n Despite the positive development in the ecosystem, a look at ADA\u2019s metrics suggested darker days ahead. Most metrics pointed in the direction of a price decline.<\/span><\/p>\n For instance, ADA\u2019s 30-day Market Value to Realized Value (MVRV) Ratio registered a downtrend, suggesting that the price could fall further in the days to come. ADA\u2019s volume also followed a similar pattern and decreased considerably over the last week. <\/span><\/p>\n However, at the time of writing, the volume registered a slight uptick. Not only this, but ADA\u2019s development activity also declined. This too could be considered as yet another red flag for a blockchain, as it reflected reduced efforts of developers to improve the network.\u00a0<\/span><\/p>\n Source: Santiment<\/p>\n<\/div>\n Top 10 current trending searches🔍 on https:\/\/t.co\/S43WsovN9f<\/a><\/p>\n 1️⃣ $lunc<\/a> Insights: https:\/\/t.co\/UNeDWhgFqg<\/a> pic.twitter.com\/GJg1RZT8l9<\/a><\/p>\n \u2014 LunarCrush (@LunarCrush) October 2, 2022<\/a><\/p>\n<\/blockquote>\n However, this development didn\u2019t make it to ADA\u2019s metrics, as Santiment\u2019s data showed that ADA\u2019s social mentions decreased considerably over the last few days.<\/span>\u00a0<\/span><\/p>\n Source: Santiment<\/p>\n<\/div>\n However, CryptoQuant\u2019s data looked a bit more promising and gave investors hope for better days ahead. ADA\u2019s Relative Strength Index (RSI) was in a neutral position, suggesting that the market could head in any direction. <\/span><\/p>\n Moreover, ADA\u2019s stochastic revealed that ADA was in an oversold position, which might help the coin increase its value in the days to come.\u00a0<\/span><\/p>\n\n
Released by mkungla \u2013 cardano-community#Cardano<\/a> $ADA<\/a><\/p>\nNothing ever seems enough<\/strong><\/h3>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-13.02.36-03-Oct-2022.png\")
<\/a><\/p>\nA future with ADA?<\/h3>\n
LunarCrush recently revealed an interesting development on Twitter. According to the tweet, ADA was among the top cryptocurrencies on the platform in terms of trending searches. This development looked promising as it suggested increased interest from investors in the cryptocurrency.<\/span><\/h3>\n
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2️⃣ $lunr<\/a>
3️⃣ $xrp<\/a>
4️⃣ $glmr<\/a>
5️⃣ $btc<\/a>
6️⃣ $uni<\/a>
7️⃣ $eth<\/a>
8️⃣ $quack<\/a>
9️⃣ $ada<\/a>
🔟 $ustc<\/a><\/p>\n![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/10\/Cardano-ADA-13.05.21-03-Oct-2022.png\")
<\/a><\/p>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/10\/ADA-CQ.png\")