The Cardano price has fallen due to the recent crypto market crash, triggered by the US-China trade war, wiping out billions of dollars in value.
Currently, ADA is trading around $0.65 with no upward trend, as profit-taking and bears dominate the market. Some investors are shifting towards faster-growing alternatives.
However, some investors 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, the Cardano price remains under pressure, with the market losing nearly $19 billion in a matter of hours, and ADA dropping to as low as $0.
Some investors continue to consider Cardano a long-term project.
Author's summary: Cardano price falls due to crypto market crash.