Cryptocurrencies are always evolving, albeit not necessarily in the direction people would hope. In the case of the Cardano price, the momentum earlier this week has completely evaporated, as the value is plummeting once again.
With a 5.92% decline in the past 24 hours, the cryptocurrency markets remain extremely volatile with little improvements in sight. As one may have noticed by looking at the cryptocurrency price charts these past few months, the overall momentum is anything but positive right now.
It seems a fair few market makers are intent on keeping all prices as low as possible, even though they will not necessarily benefit from this pressure. In fact, it has become more than apparent any small uptrend will be dumped through immediately.
For the Cardano price, this means the going only gets tougher as more time progresses. More specifically, we see the Cardano price lose even more value in these past few days compared to the weeks and prior.
As of right now, we are looking at a value of just over $0.14, which is a fair bit lower compared to the all-time high of $1.28. It also appears Cardano continues to lose value compared to Bitcoin, which only further compounds these problems as of right now.With the Bitcoin price also on the decline, there is little to no room for upward momentum for the Cardano price. Read more from themerkle.com…
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