Cardano (ADA) Loses Steam Amid Broader Crypto Slowdown
- Cardano (ADA) down 17.7 percent week-to-date.
- AlgoZ and Cardano partner for liquidity
Charles Hoskinson’s Cardano is distinct because of their insistence on quality and research. Therefore, despite recent sell-off, their deal with AlgoZ could attract institutional backing. Meanwhile, ADA is down 17.7 percent week-to-date.
Cardano Price Analysis
That Cardano has potential as a top-tier digital asset and smart contracting platform is true. Boasting high trading volumes and managing to compete with the likes of and Tron in the liquidity leaderboard, ADA is proving that it deserves to be watched.
Presently, Cardano’s value proposition stems from its position as an alternative which is rather research driven. Behind this decision is the creators’ view of building a reliable network that is transparent, scalable, and whose products are verifiable.
Although hampered by delays in development, the fact that Cardano continues developing, despite last year’s chilly winter, is a mark of stability. In 2018, many projects folded because of dropping asset prices and general price-dwindling induced apathy.