However, the Cardanians believe that Cardano (ADA) has a big part to play in the present financial situation across the globe.
In a recent tweet, the Cardanians acknowledged the fall of markets across the world and the spread of COVID19, believing that Cardano (ADA) is capable of making a positive impact if the financial system collapses.
The Cardanians furthered that the reversal of this present collapse in the market will be rapid and positive for cryptocurrencies.
Cardanians shared this, “Not a nice look at falling markets and spreading a dangerous virus. However, Cardano is still there and can help if the financial system collapses. The trend reversal can be very fast and positive for the crypto.”
Not a nice look at falling markets and spreading a dangerous virus. However, #Cardano is still there and can help if the financial system collapses. The trend reversal can be very fast and positive for the #crypto. pic.twitter.com/JZrWxmDXYL
— Cardanians.io (@Cardanians_io) March 12, 2020
Update on Cardano (ADA) Staking
The Cardanians also updated the community about the Cardano (ADA) staking. According to the report, more than 12,041,000,000 ADA has been staked on the Shelley testnet.
Going by the update, the network is presently stable and only one pool is closer to saturation. For more information regarding Cardano staking, follow this link.
“There are currently more than 12,041,000,000 staked ADA coins on the Shelley test-net. Moreover, only one pool is slightly saturated and the network is more stable,” Cardanians reported.
— Cardanians.io (@Cardanians_io) March 11, 2020
Cardano (ADA) and Other Cryptocurrencies in the Market
Cardano (ADA) and other cryptocurrencies have devastatingly dropped in terms of price. The price crash has been attributed to the declaration made by the World Health Organization (WHO) regarding the status of the widespread of coronavirus.
At the time of writing, ADA is trading at $0.028325, with a 30% price downtrend in the last 24 hours.