Cardano (ADA) Sheds 15% Of Value In Last 7 Days – When Will The Pain Stop?
Cryptocurrency investors have been keeping a close eye on Cardano lately. One Reddit user noted that the current rate of price change is the slowest since January of 2021. Coingecko reports that the value of Cardano has dropped by 15% over the past two weeks and 24% over the past month. In spite of the introduction of the Vasil update, ADA was unable to gain traction and stage a comeback. Currently, ADA is trading at a positive $0.3673. However, it’s possible that this is a single green blip amidst a sea of red. Investors in Cardano tokens are in a difficult position as the network....
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On-chain data shows the Cardano whales have sold more than a billion ADA during the past week, a sign that pain may not be over for the asset yet. Cardano Whales Have Participated In Some Distribution Recently Cardano didn’t have the best time in August, as the cryptocurrency registered a more than 18% drop. This new month of September hasn’t been any better for ADA, as the asset has only continued to struggle sideways around its lows so far. At present, the asset is trading just under the $0.26 level. The chart below displays the recent price action in the cryptocurrency.....
Cardano founder Charles Hoskinson says the crypto market is headed for “90–180 days” of more grind, not because the industry lacks catalysts, but because retail is exhausted and the narrative that kept people engaged has stopped working. Speaking with CoinDesk at Consensus 2026 in Hong Kong, the Input Output CEO framed the current drawdown as a morale problem as much as a market one. “This one particularly stings because we expected a really strong cycle in 2025 and we didn’t quite get it,” he said. “So, a lot of people are pretty bitter about it… We just got to get through the next 90-180....
Cardano TVL has spiraled downward the past few days mainly because of the intensified crypto market correction and decline in investor interest. To date, the crypto has plunged to $120.86 million. With the rate it’s going, Cardano has chucked over $205 million in TVL since its all-time high of $326 million on March 24, 2022. Dubbed to be the eighth largest crypto by market cap, Cardano is said to be the blockchain platform patented for rainmakers and innovators. It’s a POS network that strengthens and provides sustainability to dApps and systems. Suggested Reading | XRP Whales Boost....
The decline of the crypto market has been expected, especially for top digital assets such as Bitcoin, Ethereum, and Cardano. The fall has hit the market hard, especially with the collapse of one of the leading DeFi protocols, the Terra network. However, JP Morgan CEO, Jamie Dimon, believes that it is only beginning. Despite the […]