Market Nosedive Sends Cardano (ADA) Deeper Into Bear Territory

Market Nosedive Sends Cardano (ADA) Deeper Into Bear Territory

The crypto market has not been in the best of places recently and Cardano (ADA) has been feeling the heat especially hot lately. The digital asset which remains one of the popular and largest by market cap has had a hard run of it lately, pushing it further into the bear territory. As ADA continues on this trend of low momentum, hot on the heels of the market decline, indicators have proven to not be in the favor of the token’s value. Market Declines By $80 Billion During the weekend, the market had suffered consistent dips. Following the price of the leading cryptocurrency Bitcoin, most....


Related News

Institutional Investors Bearish On Bitcoin, Ethereum. Here’s What They’re Buying

Bitcoin and Ethereum have always been at the forefront for institutional investors. This is with good reasons too as not only are these the largest cryptocurrencies by market cap, but they are also the most popular with the best prospects. As time has gone on though, competition has become stiffer for the attention of institutional investors. The rise of other altcoins has put forward some formidable contenders for these two cryptocurrencies. Now, institutional investors are now moving away from the big two and pouring money into other altcoins, taking a completely bearish stance on....

Cardano Founder Says Yes, This Is A Bear Market

The crypto market has taken a beating recently and Cardano has been one of the worst-hit digital assets. This has sparked fear across the market where investors are lamenting that the crypto space is finally headed into another bull market. Cardano Founder Charles Hoskinson has taken to addressing these bear market concerns, or rather, confirming […]

Cardano Developer Emurgo Undaunted By Bear Market As It Shells Out $200M In I...

The crypto bear market has been brutal, but it has not stopped development in the Cardano ecosystem in any way. The network recently celebrated the completion of its Vasil hard fork, and even though the price of its native token ADA has failed to move in tandem with the development, Cardano developer Emurgo is not […]

Cardano Is The Most Held Crypto In A Bear Market, Survey Shows

Cardano is showing some toughness in a time when its peers are just about to crack under pressure. The bear market is hammering the cryptocurrency market, with the majority of cryptocurrencies now trading at prices not seen since the middle of last year. However, this decline has created an opportunity for crypto investors to purchase […]

Cardano (ADA) Could Slide Back To $0.40 – But $0.68 Still Doable

Cardano (ADA) price looks bullish as it does a U-turn on Monday following negative economic spikes from China getting crypto traders all worried. In addition, many major corporations are exiting Russia, including McDonald’s. All of these factors contribute to heightened risk sentiment making it entirely difficult for major cryptocurrencies to elevate in price than usual. This could also mean bad news for ADA; risking a 32% correction. The negative sentiment has been growing enormously which also signal a downward trend in the next quarters. As of this writing, the crypto is trading at....