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

CryptocurrencyNov 21, 2021 05:30AM ET
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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 Cardano.
  • Solana 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.

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

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Comments (4)
Miles Mathewson
Miles Mathewson Nov 23, 2021 4:45PM ET
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ADA? no, but ALL cryptos are a fad and will fade away soon
Kaya Karakaya
Kaya Karakaya Nov 23, 2021 4:45PM ET
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Crypto has a function in today's economy and is strongly linked with the growing economy of the internet . Let's be honest, all currency is virtual, what's the difference between credit and crypto from a consumer's point of view?
Aldo Luis Monzani
Aldo Luis Monzani Nov 22, 2021 6:48PM ET
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I think Cardano's price will rocket soon
Jhon Lee
Jhon Lee Nov 22, 2021 4:51AM ET
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sold cardano 2 months ago... is over for Ada.. take profit now before is too late
Lars Hellman
LarsH Nov 21, 2021 2:47PM ET
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Charles Hoskinson who created ADA is a billionaire now and only wants to play with his lobsters.
 
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