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Cardano (ADA) Accelerates Slide Down to $0.06

Published 09/12/2018, 12:01 PM
Updated 09/12/2018, 01:20 PM
 Cardano (ADA) Accelerates Slide Down to $0.06
ADA/USD
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Cardano (ADA) is showing extreme price weakness, as selling accelerated and continued to depress the price in the past day. ADA sank from the 7-cent range down to $0.062 as of 12:30 UTC on Wednesday, on accelerating volumes over the course of the past few hours.

ADA had a peak at $0.96 on January 13, and based on data from Onchainfx.com, has now lost 95% since the all-time high. ADA still retains some of the gains since it traded at $0.03 after the ICO, but that advantage is also threatened.

ADA is being sold both against Tether (USDT) and Bitcoi...


This article appeared first on Cryptovest

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