The Cardano price has fallen due to the recent crypto market crash, caused by the US-China trade war, wiping out billions of dollars in value. Currently, ADA trades around $0.65 with no upward trend due to profit-taking and bears.
Some investors are shifting towards faster-growing alternatives, while others still consider Cardano a long-term project. For example, Remittix, a PayFi token, has raised over $27.3 million by selling 677 million tokens for $0.1130.
Following the cryptocrash, triggered by escalating US-China trade tensions, the Cardano price remains under pressure. The crash swept nearly $19 billion off the market, with ADA dropping to as low as $0.
Investors continue to consider Cardano a long-term project.
Author's summary: Cardano's price falls amid crypto market crash.