Why funds were locked in the ADA platform

[Flow-er]

The cryptocurrency space is very wonderful creation and their is no doubt that the crypto space experienced a boom and it is the major reasons for the confidence that the investors had. They believed that it will never crash and it will continue to boom irrespective of the situation around it. Most of this cryptocurrencies have ridden on difficult terrain and later overcome it. The market capitalization tell us the importance and how active a particular cryptocurrency is. The funds locked in cryptocurrencies tell us the use of the cryptocurrencies.


Recently, so many funds were locked on so many cryptocurrency platforms with cardano network taking the lead. About $224 million was locked in the cardano network and that was a very huge amount. This is an indication that the cardano network has lots of opportunities and so many crypto enthusiast are using it. I am of the opinion that the cardano network is one of the major promising platforms in cryptocurrency. In the last seven days the amount that was locked in the cardano was more than $65 million.

 

[Lens1000]

The ways at which cryptocurrency is been accepted is on the increase. The best thing is to never lose hope on cryptocurrency because it has lots of potentials embedded. I the news around cryptocurrency revealed that many people are getting involved in cryptocurrency everyday and it is gaining traction everyday. The development around cryptocurrency is extending to banks too. The banks that are the number one critics of cryptocurrency are now adding cryptocurrency services on their platforms. The cryptocurrency transactions are running to billions on a daily basis and that tells you how people are really investing on cryptocurrencies. I don't really know the meaning of locked funds. Is it funds that one could not have access to? The amount if monies that are used in cryptocurrency transactions everyday is so huge that many funds are locked in it . I will also follow the comments on the thread inorder to know the meaning of locked funds. The amount of money locked in the cardano network in small time intervals is very huge. This is an indication that the cardano platform is really gaining popularity and.it will be a very wise decisions to invest on the Cardano ADA for a future gain.