Our column dedicated to the analysis of the crypto world is back, today in particular, we will analyze the digital assets Ondo, Pendle and Cardano.

Prices and market statistics of Ondo, Pendle and Cardano

Ondo Finance, marked with the symbol ONDO, is currently trading at 0.81 USD, representing a significant activity in the cryptocurrency market.

With a market capitalization of 1.1 billion USD and a trading volume in the last 24 hours of 622.2 million USD, the currency ranks 73rd in popularity. This cryptocurrency has a circulating supply of 1.4 billion ONDO and holders have shown an average holding time of 12 days.

Recently, ONDO has experienced a price variation of +2.47% in the last hour, but has suffered a significant decrease of 15.58% in the last 24 hours. 

Despite the recent volatility, ONDO’s all-time high remains at 1.05 USD. Price fluctuations may reflect both external market factors and investors’ response to news related to the Ondo Finance ecosystem.

Pendle, indicated in the market with the symbol PENDLE, is currently quoted at 6.29 USD. The cryptocurrency shows a strong presence in the sector with a market capitalization of 1.5 billion USD and a transaction volume in the last 24 hours amounting to 215.7 million USD. The coin has a circulating supply of 239.2 million PENDLE.

Recently, Pendle has recorded a negative price change of -1.1% in the last hour and -6.4% in the last 24 hours. 

These price movements reflect a volatility that can be influenced by various market factors, including changes in investor perceptions or reactions to global economic news. 

The all-time high of Pendle was 7.52 USD, showing that the currency has the ability to reach higher valuations than the current one, suggesting a growth potential for investors attentive to the dynamics of the cryptocurrency market.

Cardano (ADA), is currently valued at 0.46 USD per coin. This cryptocurrency stands out in the sector with a market capitalization of 16.3 billion USD and a trading volume in the last 24 hours of 711.0 million USD.

With a circulating supply of 35.6 billion ADA, Cardano is ranked as the tenth most popular cryptocurrency.

Recent analysis shows that ADA has experienced a price increase of 1.48% in the last hour, although it has recorded a decrease of 2.87% in the last 24 hours. The extremely long average holding time of 294 days highlights the confidence and stability perceived by investors in the long term.

The Increase of Cardano’s Smart Contracts and Market Fluctuations

Cardano is experiencing a significant increase in activity of its smart contracts, particularly evident in the context of Plutus V2 contracts, while the cryptocurrency market as a whole shows signs of stabilization. 

Currently, Cardano ranks eleventh in market value among cryptocurrencies, and smart contracts, essential for the operation of decentralized applications and for automating transactions on the blockchain, are at the core of Cardano’s functionality and appeal in the crypto community.

Mid-April saw a significant increase in the total number of Plutus scripts, including versions V1 and V2. The total reached 41,743 scripts, a 3% increase since the beginning of the month. 

Of these, Plutus V1 scripts have slightly increased to 6,470, compared to the previous 6,460, while Plutus V2 scripts have seen a more substantial increase of 3.52%, reaching 35,273 scripts thanks to 1,211 new additions in April alone.

The ADA token of Cardano has recently undergone a price correction, failing to surpass the resistance at $0.86. 

This correction is part of a broader decline in prices that began last month, with ADA prices decreasing significantly from their peak.

In general, Cardano has seen a 30% drop from its peak, exacerbated by a 32% decrease last month and a further decline of over 20% in the last week.

Despite the recent price drop, the increase in smart contracts could lead to long-term value, despite the short-term market volatility. 

Considering these developments, while the immediate price of ADA shows a decline, the expansion of the infrastructure, especially of smart contracts, could potentially strengthen the value of Cardano in the future.