Cardano losing steam amid profit taking
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.
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