Cardano TVL has spiraled downward the past few days mainly because of the intensified crypto market correction and decline in investor interest.
To date, the crypto has plunged to $120.86 million. With the rate it’s going, Cardano has chucked over $205 million in TVL since its all-time high of $326 million on March 24, 2022.
Dubbed to be the eighth largest crypto by market cap, Cardano is said to be the blockchain platform patented for rainmakers and innovators. It’s a POS network that strengthens and provides sustainability to dApps and systems.
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Cardano Loses Over 65% of TVL
Cardano is slipping away and has even breached its support level. It dipped by 7% today as the crypto market continues to collapse. Increased selling pressure on the support can easily give away a steep correction of $0.34.
Cardano has lost more than 65% of its TVL. This week, ADA started moving towards a bearish trend and dipped further down the support leve ..
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