Cardano Price Faces Risk of Decline Despite Reaching Transaction Milestone

Although Cardano recently achieved a significant transaction milestone, reaching over 110 million since inception, the coin’s price remains cautious. On Tuesday, June 3rd, ADA prices remained relatively stable despite hitting this threshold. The price has been down 20% from its peak in May and is close to its lowest point since May 8th. Notably, despite exceeding the 110 million transaction mark on Monday, with over 31,000 transactions recorded, Cardano’s price wavered as it edged towards the lowest level since May 8. However, this recent surge in activity is a positive sign for the network’s growth and potential future bull run.