Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Altcoins
  • Cardano (ADA)
  • Cryptocurrency
  • News
  • Price Analysis

Can This Crypto Rebound Anytime Soon? Down 70% from ATHs

Nathan Ferguson April 18, 2022 2 min read

The altcoin has dropped over 70% since touching the highs of $3 in November 2021. Monday bearish actions saw the token (ADA) losing 9%, dropping from $0.9615 to $0.8777 within 24 hours. Such actions saw Cardano’s market cap plunging under $30 billion (Coinmarketcap data).

The current cryptocurrency cart weakness has Cardano breaching $1 again today. It’s the 2nd corrective phase that has had the alt dipping under this crucial zone. That first happened during the 2022 February retracement phase.


trade now

Support from legendary singer Snoop Dogg could not boast Cardano’s sentiment. The hip-hop star collaborated with Clay Nation to launch a non-fungible token (NFT) collection on the ADA blockchain.

Cardano has lost over 70% since hitting the peak of $3 last November. ADA lost 9% on Monday, plummeting from $0.9615 to $0.8777 within 24 hours. Such developments saw Cardano’s market capitalization drop under $30 billion (data from Coinmarketcap).

The declining prices has Cardano dwindling its rank from the earlier 5th to eighth. Meanwhile, the altcoin’s volume surged by nearly 90%.

Blockchain Alliance founder Raj A Kapoor stated that Cardano faces the Bitgert heat as Bitgert’s blockchain is more powerful than Cardano’s (ADA) chain.

Cardano’s total supply cap is at 45,000,000,000 tokens, and miners have mined 75% (34,377,702,079) of them and are in circulation.

WazirX noted that Cardano wallets rose from 186,000 in December 2022 to more than 3.2 million in 2022 Q1. Though ADA stayed far low from its ATHs, whales holding over 10 million Cardano tokens have owned the largest share in two years, around 46.6%.

Cardano is a layer1 protocol that validates and completes the transaction. However, the platform faces massive competition from layer1 alternatives such as Avalanche, Solana, and Ethereum. Tykhe Block Venture partner Ishan Arora believes Cardano would brighten its future by solving its tech issues to attract top-notch projects to launch on the network.

BuyUcoin CEO Shivam Thakral stated that long-term investors make money out of crypto. Moreover, ADA has earned disciplined investors lucrative returns.

Also, Cardano is among the most promising projects in the crypto space, and Kapoor trusts ongoing dips can be a money-making opportunity for dip-buyers. ADA has an optimistic trajectory for the upcoming years.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Terra, STEPN, Litecoin Price Analysis – April 18
Next: XRP Ledger Witnesses Massive Demand For Its NFT Hosting System

Related Stories

Philippines SEC Seeks More Power Over The Crypto Sector 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Philippines SEC Seeks More Power Over The Crypto Sector 

January 31, 2023
Web3-based Security Provider Hypernative Nets $9M in Seed Funding
3 min read
  • Cryptocurrency
  • News
  • Scam / Hack
  • Technology
  • Web3

Web3-based Security Provider Hypernative Nets $9M in Seed Funding

January 31, 2023
SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody Trade Galactica security
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • ETF (Exchange Traded Fund)
  • News
  • Regulation

SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody

January 31, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,103.00
1.34%
ethereum
Ethereum (ETH)
$1,584.60
1.05%
tether
Tether (USDT)
$1.00
0.08%
usd-coin
USD Coin (USDC)
$1.00
-0.04%
binancecoin
BNB (BNB)
$312.58
1.29%
ripple
XRP (XRP)
$0.404270
3.30%
binance-usd
Binance USD (BUSD)
$1.00
-0.02%
cardano
Cardano (ADA)
$0.387096
4.14%
dogecoin
Dogecoin (DOGE)
$0.094579
4.26%
polkadot
Polkadot (DOT)
$6.24
0.60%

Recent Posts

  • Philippines SEC Seeks More Power Over The Crypto Sector 
  • Web3-based Security Provider Hypernative Nets $9M in Seed Funding
  • SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody
  • US Senator Cruz Wants Capitol Vending Machines To Accept BTC 
  • US’ Investors’ Large BTC Accumulations Is A Positive Sign For Cryptocurrency – Matrixport
  • North Korean Hackers Target Crypto Users With Fake Job Offers – Report
  • Kin Foundation Develops a Solana-Based Application Kinetic for Developers
  • Deribit Exchange Considers Moving To Dubai
  • Crypto Mixers Laundered $7.8 Billion In 2022 – Chainalysis Report
  • Charles Hoskinson’s Health Clinic Will Support ADA Payments
  • Celsius Diverted Customer Funds to Settle Withdrawals
  • Bitcoin and Ethereum Prices Drop as Market Prepares for Fed Rate Hikes
  • SEC Commissioner Wants Consistent Legal Framework For All Digital Assets
  • Binance Team Up with MasterCard to Introduce Prepaid Crypto Card in Brazil
  • Norway Emerges Europe’s Largest Crypto Mining Hub

Categories

You may have missed

Philippines SEC Seeks More Power Over The Crypto Sector 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Philippines SEC Seeks More Power Over The Crypto Sector 

January 31, 2023
Web3-based Security Provider Hypernative Nets $9M in Seed Funding
3 min read
  • Cryptocurrency
  • News
  • Scam / Hack
  • Technology
  • Web3

Web3-based Security Provider Hypernative Nets $9M in Seed Funding

January 31, 2023
SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody Trade Galactica security
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • ETF (Exchange Traded Fund)
  • News
  • Regulation

SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody

January 31, 2023
US Senator Cruz Wants Capitol Vending Machines To Accept BTC 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • News
  • Regulation
  • Stablecoin

US Senator Cruz Wants Capitol Vending Machines To Accept BTC 

January 31, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%