Cardano Price Drops by 85% From Its All-Time High, Similar to BTC

2022.05.29 12:36

Cardano Price Drops by 85% From Its All-Time High, Similar to BTC

• ADA has followed the same pattern as BTC in its early stages, dropping 85% from its all-time high after its launch.
• Some in the crypto community believe that ADA will continue to simulate the price pattern seen in Bitcoin in the early stages of its existence.
• Both Cardano and Bitcoin serve different purposes in the crypto space.

The oldest and largest crypto by market cap, Bitcoin (BTC), dropped around 85% from its all-time high five years after its launch. Its price dropped down to $150. Now, Cardano (ADA) has followed the same pattern – dropping by 85% from its all-time high after its launch. The price of ADA now sits between $0.4 and $0.5, according to the crypto market tracker, CoinMarketCap.

ADA is one of the most promising projects in the cryptocurrency ecosystem and …

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