Cardano’s Price Drop May Continue Over the Coming 48 Hours

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• The majority of prices in the crypto market are in the red today.
• ADA’s price has weakened against the U.S. dollar as well as BTC and ETH.
• The price of Cardano is at risk of dropping to $0.3123.

Most of the crypto market is colored red today, and Cardano (ADA) is no exception to this. CoinMarketCap indicates that the altcoin is changing hands at $0.3169 after a 2.94% drop in price over the last 24 hours. The crypto is, however, still up by just more than 1% over the last week.

ADA also weakened against the two biggest cryptocurrencies in the market, Bitcoin (BTC) and Ethereum (ETH) by about 1.16% and 0.10% respectively over the last day. Its market cap also saw a decline and now stands at $169,048,985 after a more than 11% drop.

With its market cap of $10,912,726,359, ADA is currently the 9th biggest crypto in terms of market capitalization. This places the altcoin right behind Dogecoin (DOGE) in 8th position and in front of Polygon (MATOC) in 10th.

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