Could you please enlighten me as to why Cardano has experienced a decline? It's quite puzzling to observe its performance given the hype and expectations surrounding it. I'm keen to understand the underlying reasons for this fall. Was it due to market fluctuations? Or perhaps some fundamental issues with the project itself? Could it be related to regulatory concerns or the competition in the cryptocurrency space? I'm really curious to know what might have caused this drop in Cardano's value and how it might affect its future prospects.
7 answers
BusanBeautyBloomingStarShine
Tue May 14 2024
Cardano has been facing a downward trend since the start of January 2024.
GinsengBoost
Tue May 14 2024
One of the key factors contributing to this decline is unclear.
Andrea
Tue May 14 2024
In the week spanning from 15 March 2024 to 20 March 2024,
DigitalTreasureHunter
Tue May 14 2024
the value of whale transactions on Cardano significantly decreased.
Nicola
Mon May 13 2024
Initially, the transactions amounted to $23 Billion.