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via Decrypt · By Decrypt Editorial

Cardano Slumps to 5-Year Low Price as Charles Hoskinson Warns of 'Wave of Failures'

ADA

ADA/USDT

$0.2523
+5.52%
24h Volume

$398,715,461.70

24h H/L

$0.2533 / $0.2329

Change: $0.0204 (8.76%)

Long/Short
74.7%
Long: 74.7%Short: 25.3%
Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data
Cardano
Cardano
Daily

$0.2528

▲ 2.06%

Volume (24h): -

Resistance Levels
Resistance 3$0.2738
Resistance 2$0.2647
Resistance 1$0.2554
Price$0.2528
Support 1$0.2480
Support 2$0.2377
Support 3$0.2193
Pivot (PP):$0.244033
Trend:Uptrend
RSI (14):66.2
DE
Decrypt Editorial
(09:20 PM UTC)
1 min read
SC
Reviewed bySarah Chen
0 comments

In brief

  • The price of Cardano (ADA) fell to a more than five-year low on Wednesday as Bitcoin and other top coins sank.
  • Founder Charles Hoskinson warned that the ecosystem is in trouble amid declining market conditions.
  • Cardano analytics firm TapTools is shutting down. Hoskinson said community investment is necessary to avoid further failures.

Following the sunsetting of Cardano analytics firm…

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