Cardano (ADA) Price Plummets Amid Regulatory Woes, Yet Future Seems Promising

Just a few days after the SEC’s lawsuit, ADA‘s price dropped from $0.37 to its lowest level in two years, $0.21, triggering a 42.5% fall. So, what are the expectations in the cryptocurrency? ADA’s Downfall! ADA faced further downward selling pressure due to being delisted from US-based trading applications Robinhood and eToro. However, the network is making progress with an increase in DeFi activity following a scalability upgrade in May. According to experts, the token’s technical and on-chain analysis also shows a positive recovery potential. Over the years, Cardano has faced some criticism due to ongoing delays and network updates. In an interview, Cardano’s founder Charles Hoskinson admitted that 85% of the initial roadmap has been completed, attributing these hitches to “betting on the wrong technology and being a bit ambitious on the roadmap”. However, the network recorded an increase in activity following the implementation of the long-awaited scalability upgrade […] The post Cardano (ADA) Price Plummets Amid Regulatory Woes, Yet Future Seems Promising appeared first on COINTURK NEWS.