• The bearish market in April shows no sign of slowing down, despite the fact that it is still very bullish.
• Several activities prove Cardano’s persistence and willingness to rise higher.
• The current dip is a good time to purchase ADA prior to the Vasil hardfork upgrades.

Cardano continues to show activity despite the bearish market. The dip could be a great opportunity to purchase ADA before the market prices rise. There are several types of activities that show Cardano’s resilience and persistence despite the cryptocurrency market dipping.

Firstly, the Vasil hardfork is an update that’s slated for June – a huge upgrade bringing massive performance improvements to Cardano. Charles Hoskinson, the founder of Cardano claims many users and dApps can contribute to an increase in ADA TVL when the update is released. Hoskinson shows no signs of being nervous about Cardano’s future.

What most also don’t understand is that many Cardano DApps are waiting for the Vasil hardfork in June to launch to benefit from pipelining. So it seems we ain’t seen nothing yet on TVL https://t.co/mMHxwRrF96

— Charles Hoskinson (@IOHK_Charles) March 12, 2022

Secondly, IOHK has announced Cardano now has almost 900 projects under development. This was just a few short days after the last update. This represents a substantial increase from the March update, when Cardano’s Vice President Tim Harrison said that there were only 500 projects under development.

Cardano users achieved a milestone of 74% ADA staked despite the bearish stock market in April. This means that over 3,000 active pools, thousands of cardano users have invested nearly $23B worth of ADA in the past 2 years. The news was welcomed with joy by Cardano fans.

Also, in March Charles Hoskinson announced that Cardano had “millions of native assets and hundreds of dApps”. Hoskinson was referring back to an older tweet in which he had predicted lower assets and more dApps. Hoskinson’s persistence and determination in pushing ADA is a testament to his stubbornness.

Did you remember when I said there would be thousands of assets on Cardano and that DApps were in the hundreds? Now, millions upon millions of native assets have been issued. DApps number in the hundreds. #SlowAndSteady https://t.co/mK4So6NHa1

— Charles Hoskinson (@IOHK_Charles) March 23, 2022

Even more, the February number of wallets that hold ADA jumped significantly to over 3,000,000. The December 2020 data showed 186,000 wallets containing ADA. This number increased to 3,200,000 wallets in Q1 2022. This represents an increase of 1,600%.

3 MILLION #ada WALLETS!#Cardano #CardanoCommunity pic.twitter.com/5iEjq89X8b

— Cardano Community (@Cardano) February 3, 2022

Cardano seems to be bursting with activity. Most importantly, if Hoskinson’s confidence is to be followed, this activity will only increase once June comes along. We’re seeing how much Cardano is growing as statistics keep pooling in – number of wallets, % of ADA staked, the number of dApps and projects, etc.

This is the perfect time to purchase ADA now, before June arrives.

ADA currently trades for just below $1. The decline rate has been 1.9% in the past seven days. It is valued at more than $29 Billion and has an average daily trading volume of $824 M.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. The information contained in this article shouldn’t be taken as advice. CoinQuora urges users to conduct their own research prior to investing in cryptocurrency.

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