Cardano’s price is currently stuck in a tight range that has persisted for weeks. The coin is hovering between $0.1344 and $0.1521, a spread that has not expanded despite a 7.3 % jump in the last 24 hours. In a market where Bitcoin is trading just under $60,000 and Ethereum is up 3.4 % to $1,623, ADA’s sideways movement stands out as a sign that the market is waiting for a clear catalyst before it can decide whether to push higher or pull back.
The “ghost chain” label that has been floated on social media and in some articles is largely a mischaracterisation. Recent reviews of Cardano’s developer activity show that the network is still producing a steady stream of updates and that its 34 dApps are actively engaging users. While on‑chain usage has dipped to a 45‑day low,