ADA (Cardano) stands at $0.45 as of now, will it support moving upwards or follow the market to fall further?
Cardano has been doing pretty well even in this bear market. Despite the major fall in Bitcoin and Ethereum, ADA has been proving its importance in the crypto space. Recently, there have been some positive developments regarding ADA such as "Aada finance on track to become the first lending protocol supporting Cardano", "Cardano & some other institutions have allocated $11m funds to support a Kenya-based fintech company" and a lot more etc. In the last 24 hours, ADA saw a high of $0.46 before seeing a shortfall. If the current level of $0.45 breaks down further to $0.40 or below, Investors could see a major selloff then.
Following the data of the previous month, Cardano (ADA) has been standing in the $0.43 - $0.48 range for the last few days. ADA could take a big bounce if the current situation improves even a little bit in the upcoming short term. At the time of writing this article, Cardano stands at $0.45 with a market cap of $15.44B according to CoinMarketCap.
>> Disclaimer Risk warning:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.