Cardano

<ul><li>Cardano&#39;s ADA dips below $0.25, forming anticipations about further losses in the volatile crypto market.</li><li>ITC CEO warns of a potential &#34;depression phase&#34; for ADA if it falls below $0.24, lasting until 2024.</li><li>IOHK remains committed, with 12 new projects and 1.6 million transactions in August.</li></ul>In a startling turn of events, Cardano (ADA), one of the most prominent cryptocurrencies, has <a href="https://coinmarketcap.com/community/articles/64fb3815260af33472a69773/" rel="noopener noreferrer nofollow">plunged</a> to its lowest price of the year, falling below the critical $0.25 mark. This sharp decline has sent shockwaves through the crypto community, sparking concerns of a looming &#34;depression phase&#34; for ADA.The latest September 11, 2023 data revealed that <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">ADA</a> prices dropped to a meager $0.245, marking a 1.25% decrease during early Asian trading hours. This marks a significant decline from its previous highs, raising questions about the future of this digital asset. The coin remains the 8th largest cryptocurrency, with a market capitalization of approximately $8,646,850,325. The 24-hour trading volume for ADA is $105,380,579 USD, reflecting continued trading activity.Cardano has not seen such gloomy days since the bear market of late 2020, when it struggled at a price range of $0.16 to $0.18 for several months. At that time, it eventually managed to climb back above $0.30. However, the current situation paints a grimmer picture, with ADA languishing at a staggering 92%, down from its all-time high of $3.09 in September 2021.Read full article at <a href="https://cryptotale.org/cardanoada-tumbles-to-2023-lows-hints-at-troubling-times-ahead/" rel="noopener noreferrer nofollow">CryptoTale .</a>

Cardano(ADA) Tumbles to 2023 Lows: Hints at Troubling Times Ahead

CryptoTale

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