The Cardano price has fallen due to the recent crypto market crash, which was triggered by a fresh US-China trade war and wiped out billions of dollars in value. Currently, ADA is trading around $0.65 with no upward trend due to profit-taking and bears.
Some investors are shifting towards faster-growing alternatives, while others continue to consider Cardano a long-term project. For example, Remittix, a PayFi token, has collected over $27.3 million by selling 677 million tokens for $0.1130.
The crash swept nearly $19 billion off the market, with ADA going down to as low as $0.
Following the massive cryptocrash, the Cardano price remains under pressure.
Author's summary: Cardano price falls after crypto market crash.