ADA Price Is Down 40%, The End-Game for Cardano? By CoinQuora

ADA Price Is Down 40%, The End-Game for Cardano?
  • Cardano’s (ADA) price has plummeted 40%.
  • Many think this is an end-game for .
  • has now flipped Cardano in the top 10 cryptos.

Crypto price action sentiments are not yet on a flat tire. This time, one of the major Ethereum-based rivals, Cardano (ADA) seems to be facing a hard time in its price performance. In that sense, does this represent the end-game for Cardano or there is more hope for it in the coming days?

According to a report, Cardano’s native token ADA, has its price dropped by over 40% in the market. The drastic price drop commenced from Cardano’s all-time high (ATH) when it was nearly changing hands for good in terms of price action.

Beginning of its rally of late, several other cryptos have taken ADA’s downtrend as a huge advantage to perform strongly, more and more. Particularly, Solana (SOL) garnered huge momentum and has presently flipped Cardano within the space of the top ten cryptos.

Technically, like how people thought that the launch of Cardano’s much-anticipated smart contract will bring something better, eventually, it seems that it’s just toying around. Many attribute ADA’s underpriced action to some of its pieces of infrastructure that got delayed during the launch. With this, lots of developers can’t release their DApps built on the Cardano blockchain for now.

Meanwhile, on-chain projects such as Solana, Algorand, Elrond are already having DApp support on their network. That said, despite anything that will happen, there is more hope for Cardano to regain its full strength than ever before.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read Full Article

Latest articles

Innovative Mining Protocol Concludes a $2 Million Fundraise Led by Exnetwork Capital and Oracles Investment Group

Leading Venture funds including Exnetwork Capital, CSP DAO, STC Capital, Oracles Investment Group, MoonBoots, Leos Ventures, Global Key Investment, and Aza Groups, have...

A concerning trend? This cryptocurrency soars over 2,13,000% in last 24 hours

Massive price swings in cryptocurrencies is on the rise with Ethereum Meta being the latest token...

Jutta Steiner Leaves Polkadot Builder Parity Technologies

Parity Technologies co-founder and CEO Jutta Steiner has left the company. Parity is the technology firm behind the much-anticipated Polkadot blockchain network.A Parity...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here