Why is Cardano price dropping?

Most of the cryptocurrencies are dropping, including the Cardano. In fact, Cardano has dropped by a significant percentage when Bitgert is skyrocketing. This is because the Bitgert BRC20 blockchain is more powerful than the Cardano chain . That’s why investors are buying more $BRISE right now.

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Is Cardano still under development?

Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. … Cardano (blockchain platform) Original author(s)Charles HoskinsonStable release1.33.0 / 7 January 2022Development statusActiveWritten inHaskellOperating systemCross-platformCardano (blockchain platform) – Wikipedia en.wikipedia.org › wiki › Cardano_(blockchain_platform)

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Is Cardano based on Ethereum?

Cardano has positioned itself as an alternative to Ethereum . Both platforms are used for similar applications, such as smart contracts, and have goals of building a connected and decentralized system. The heart of any blockchain platform is the algorithm it uses to create blocks and validate transactions.

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