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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

$0.1656
+0.91%
24h Volume

$201,075,575.45

24h H/L

$0.1691 / $0.1604

Change: $0.008700 (5.42%)

Long/Short
71.1%
Long: 71.1%Short: 28.9%
Funding Rate

+0.0035%

Longs pay

Data provided by COINOTAG DATALive data
Cardano
Cardano
Daily

$0.1641

1.23%

Volume (24h): -

Resistance Levels
Resistance 3$0.2093
Resistance 2$0.1957
Resistance 1$0.1692
Price$0.1641
Support 1$0.1596
Support 2$0.1534
Support 3$0.1382
Pivot (PP):$0.163867
Trend:Downtrend
RSI (14):48.0
DE
Decrypt Editorial
(09:20 PM UTC)
1 min read
SC
Reviewed bySarah Chen

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Decrypt Editorial · Decrypt

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