Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss

Cardano has been among the major coins that suffered miserably in the chaotic crypto market today: the token lost 30% in value in the last week. The broader market’s slip and crash are to be blamed for the token’s poor performance. Related Reading: Stacks (STX) Drops 23%, But Recent Devs Might Slow The Trend The past 24 hours remain bloody, with the total market cap facing an over 13% decrease. Bitcoin and Ethereum, the two top cryptocurrencies, saw their prices decrease by 24% and 31% respectively since last week, showing the market’s vulnerability to the spreading macroeconomic fears in private equity. Cardano Remains Great… Back In July On-chain, Cardano solidified its position as a major player in the crypto space. In a recent X post, the platform revealed several metrics that increased in July. Cardano’s July 2024 On-Chain Stats

Aug 6, 2024 - 02:00

Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss

Cardano has been among the major coins that suffered miserably in the chaotic crypto market today: the token lost 30% in value in the last week. The broader market’s slip and crash are to be blamed for the token’s poor performance.

The past 24 hours remain bloody, with the total market cap facing an over 13% decrease. Bitcoin and Ethereum, the two top cryptocurrencies, saw their prices decrease by 24% and 31% respectively since last week, showing the market’s vulnerability to the spreading macroeconomic fears in private equity.

Cardano Remains Great… Back In July

On-chain, Cardano solidified its position as a major player in the crypto space. In a recent X post, the platform revealed several metrics that increased in July.