Many of the cryptos that mooned during the last halving and bull cycle from 2020 and 2021 have gone defunct. Cardano (ADA) has been dubbed as a “ghost chain” due to the lack of actual development activity, despite its gargantuan market capitalization. On the other hand, Ripple (XRP) price action has been stuck in the mud in 2024, losing ground to infinitely more exciting projects with infinite moon potential like Kelexo (KLXO). Kelexo (KLXO) has launched to massive fanfare, drawing whales across the crypto world with its presale.
Is Cardano (ADA) a Ghost Chain?
A “ghost chain” refers to a crypto project with nothing happening within its ecosystem. According to some observers, Cardano (ADA) fits that bill. Since 2022, Cardano (ADA) has ranked among the top blockchain ecosystems with the most failed tokens, nearly three-fourths of all tokens issued on Cardano (ADA) ending up dead.
Ripple (XRP) Continues Downward Trend in February
Ripple (XRP) has continued its downw
