Like many other cryptocurrencies, the price of Cardano “ADA” rose during the opening month of 2020.

“ADA” coin started the new year at about $0.033, the digital currency is trading right Now Over $0.057.

Although the same can be said for many thousands of other cryptocurrencies, the gains are not apparently based on the actual use of the Cardano blockchain.

In fact, by looking at the Cardano blockchain, we find that very few people use its network.

Which means that Cardano is very far from universal adoption, according to data taken from the project’s blockchain, where hardly anyone uses Cardano.

It is noteworthy that the tenth coin in terms of total market value has routinely had completely empty blocks.

Read:Binance suspends cryptocurrency trading services for this reason!

When it is not empty it contains a few parameters.

And this is indicated by the developer, “Joshua Hensley”, who indicated this in a tweet on Twitter, which came as follows:

#cardano It has more “blocks” of transactions….

– Joshua Hensley (@cryptoAcorns) January 30, 2020

He told Joshua Hensley that the Cardano blockchain has more blocks than the number of transactions, as at the time of writing this article 66 of the last 100 blocks remain without any transactions at all.

Other blocks contain only one or two transactions, and none of the previous 100 blocks contain more than 10 transactions.

This led to a situation where Cardano, through mining, added more blocks to the total number of transactions, as there were only 3,057 transactions out of 4,320 total blocks.

The actual usage of Cardano is clearly incredibly low.

Will upcoming updates and partnerships help boost adoption?

Although the number of transactions occurring on the Cardano network is worrying, upcoming developments on the network may encourage increased usage going forward.

Read:What is the true cost of maintaining the security of the blockchain network?

Cardano founder Charles Hoskinson just announced a major partnership with accounting giant PwC.

The partnership is part of a marketing campaign aimed at promoting the blockchain system as a suitable system for dissemination by commercial interests.

A few days ago, Cardano announced a partnership with IBM.

A partnership between “Cardano” and “IBM” aims to modernize and market the services provided further

Read:Cardano Produces the First “Chile” Blockchain…Details Here

It is through these partnerships that we can see a network that is more used than it is currently.

It is clear that the price movement of the Cardano coin so far in 2020 is entirely dependent on speculation about what the system might achieve in the future.

The above data shows that the network does not have much actual usage and thus has nothing to do with the price of the currency.

While most cryptocurrencies rely heavily on speculation, most of the top 10 digital assets already have some use.

Bitcoin, for example, is emerging as a multi-billion dollar product that is used as a payment method, and Ethereum has a rapidly expanding ecosystem towards DeFi, and other ventures in the cryptocurrency space.

Read also:

Find out when the next (Hard Fork) for Cardano Network!