The Cardano price has fallen due to the recent crypto market crash, which was triggered by the US-China trade war. Currently, ADA is trading around $0.65 with no upward trend.
Investors are shifting towards faster-growing options, although some still consider Cardano a long-term project. For example, Remittix, a PayFi token, has collected over $27.3 million by selling 677 million tokens for $0.1130.
Following the cryptocrash, the Cardano price remains under pressure, with the market losing nearly $19 billion in a matter of hours. ADA's price dropped to as low as $0.65.
Some investors continue to consider Cardano a long-term project.
Author's summary: Cardano's price falls due to crypto market crash.