Cardano (ADA) remains one of the hardest-hit cryptocurrencies even before the bear market was officially in full bloom. The digital asset which had seen returns higher than 1,000% during the 2021 bull run would eventually see almost the entirety of those gains wiped out. Despite this, it had been able to maintain above a critical point for a long time. However, the cryptocurrency has now lost its footing, leading to an incredibly bearish outlook for the asset. ADA Price Falls Below $0.3 For a digital asset such as ADA, maintaining above $0.3 was important for it at a time when assets in the space needed to hold on to their critical support levels. Most of Cardano’s investors had thrown their hat in the ring to hold the bears off at $0.3, something they succeeded at until the FTX collapse happened. Related Reading: Binance Smart Chain User Activity Tanks, Why BNB Price Could Suffer Since the contagion had continued to spread across the space, ADA was, as expected, caught in the crossfire. Last week, it had eventually given way to th ..
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 Falls Below Critical Point, Why There Is More Pain To Come){kind=link}