Cardano losing steam amid profit taking

cardano-ada-altcoin

Over the past week, the bears took a grip on the crypto as its value plunged by  13.16%.

he fifth most valuable crypto is currently witnessing some sell-offs amid high profit-taking and a rising U.S dollar.

At press time, Cardano’s price was $1.06  with a daily trading volume of $5.3 billion. Cardano is down 4.68% for the day. It was the biggest one-day percentage loss since February 23.

It’s now the 5th most valuable crypto asset with a market value of about $34 billion.  At its highest, the popular crypto designed to help African farmers ease their payment challenges had a valuation of $41.6 billion.

Continue reading at nairametrics.com