With the impact of the downward trend in the cryptocurrency market, Cardano (ADA) has recorded a loss of over 16.5% in the last month. Within the last week, ADA has lost more than 4% and started the new week with a decline. With its recent losses, Cardano (ADA) has approached significant price levels of the last 1 year.
Over 15% Loss in the Last Month
The cryptocurrency market has experienced a downward momentum in recent weeks. The leading cryptocurrency Bitcoin (BTC) has recorded double-digit losses in the last month.
With the impact of this downward trend in the cryptocurrency market, most cryptocurrencies have witnessed high losses during this period. The total market value of the cryptocurrency ecosystem has also declined to $1.03 trillion.
Cardano’s native cryptocurrency ADA has also been among the cryptocurrencies that have lost value significantly during this period. ADA, which has recorded a loss of over 16.5% in the last month, has also lost more than 4% within the last week.
ADA Approaches Lowest Price Levels of the Last 1 Year
With the impact of the losses in the leading cryptocurrency BTC, the cryptocurrency market started the new week with a decline. Most cryptocurrencies in the market have recorded losses in various ratios since the morning hours.
Cardano (ADA), which has gained a downward momentum in the last week, has accelerated its losses with the start of the week in the market. According to CoinMarketCap (CMC) data, Cardano (ADA) has recorded a loss of over 1% in the last 24 hours, starting to trade at around $0.24 and approaching significant price levels of the last 1 year.
