As the cryptocurrency industry evolves, many of its assets are fighting to keep their place under the spotlight, including Cardano (ADA), which a popular crypto influencer has speculated might be dead, triggering a swift response from the Cardano founder himself.
Indeed, Ben Armstrong a.k.a BitBoy Crypto has recently compared Cardano’s performance with that of other networks, arguing that they are “blowing up and getting a lot of recognition and your average person out there (…) can’t name three projects on ADA,” in a video streamed on April 6.
According to him, this is happening because:
Cardano whale activity analysis. Source: Ali Martinez
Cardano price analysis
For now, Cardano is changing hands at the price of $0.603, suggesting a slight recovery of 2.01% in the last 24 hours, from the loss of 5.19% in the previous seven days, and after dropping 18.34% across the past month, according to the most recent charts on April 8.
Cardano price 24-hour chart. Source: Finbold
Ultimately, making a definite ADA price prediction is near-impossible, which is why it is important to do one’s own research and keep up with any Cardano news to try and get an idea of where the price of Cardano might move in the near future.
Watch the entire video below:
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
