Cardano Price Drops by 18% as Upbit Rumors Swell

[mskumar]

This upcoming weekend will not be a pleasant one for cryptocurrency traders. Given the shape the markets are in right now, more bearish pressure can be expected in the days to come. Every top currency is getting battered as we speak, with some coins taking a much bigger hit than others. The Cardano price, for example, is already down by 18.22% and the worst has yet to come.
CARDANO PRICE WOES AREN’T OVER YET
It seems rumors out of South Korea are triggering another massive cryptocurrency sell-off right now. Sources claim local exchange Upbit is under investigation for fictitious trading volume and quantities affecting multiple listings. As such, there is a growing fear of how this exchange may default, which would trigger another wave of negative sentiment toward cryptocurrencies. This also has an effect on the Cardano price, which is well underway to drop below $0.25 very soon.

While this debacle is taking place behind the scenes, it will be interesting to see how long it takes all cryptocurrency markets to effectively recover. More specifically, the Cardano price has lost 18.22% over the past few hours, although the final tally will probably end up near the 25% mark, if not more. This decline pushes the Cardano price down to $0.26, albeit that will probably not be the new stable support level.

This Cardano price decline is only further compounded by the ADA/BTC ratio declining by 12.4%. With the Bitcoin price dropping quite heavily over the past few hours, it is possible the ADA/BTC ratio will find some stability. Unfortunately, altcoins will face the brunt of this market onslaught first and foremost, as they suffer from both the Bitcoin price setback as well as losses in their respective ratio compared to Bitcoin.
SOURCE:https://altcointoday.com/cardano-price-drops-by-18-as-upbit-rumors-swell/

[Lukasz]

CArdano community having visited their telegram is one of better ones and I suppose due to rather stabel Price of ADA is aware that not until more  projects to run on their network it will not come close to moon any time soon

[comer]

im sad but thank you for the information. im one of those thousand people who invested in cardano almost two months ago.. my investment is not good as i have loss almost 20% of my capital... i can do anything from now but to hold my coin.

[agusaji27]

This upcoming weekend will not be a pleasant one for cryptocurrency traders. Given the shape the markets are in right now, more bearish pressure can be expected in the days to come. Every top currency is getting battered as we speak, with some coins taking a much bigger hit than others. The Cardano price, for example, is already down by 18.22% and the worst has yet to come.
CARDANO PRICE WOES AREN’T OVER YET
It seems rumors out of South Korea are triggering another massive cryptocurrency sell-off right now. Sources claim local exchange Upbit is under investigation for fictitious trading volume and quantities affecting multiple listings. As such, there is a growing fear of how this exchange may default, which would trigger another wave of negative sentiment toward cryptocurrencies. This also has an effect on the Cardano price, which is well underway to drop below $0.25 very soon.

While this debacle is taking place behind the scenes, it will be interesting to see how long it takes all cryptocurrency markets to effectively recover. More specifically, the Cardano price has lost 18.22% over the past few hours, although the final tally will probably end up near the 25% mark, if not more. This decline pushes the Cardano price down to $0.26, albeit that will probably not be the new stable support level.

This Cardano price decline is only further compounded by the ADA/BTC ratio declining by 12.4%. With the Bitcoin price dropping quite heavily over the past few hours, it is possible the ADA/BTC ratio will find some stability. Unfortunately, altcoins will face the brunt of this market onslaught first and foremost, as they suffer from both the Bitcoin price setback as well as losses in their respective ratio compared to Bitcoin.
SOURCE:https://altcointoday.com/cardano-price-drops-by-18-as-upbit-rumors-swell/

For the new coin, I think it's fair to me because there are still many who make transactions, so the ups and downs of fixed prices, but we do not need to worry, we can save the coins as long-term investment, there will be results, try some, because I also do,

[Nanagyasi]

It is amazing how ADA is massively fallen. During  the weeks that all coins including Btc were fallen, we didn't see this as a problem but it looks like almost every coin is gaining grounds again while ADA continues to fall.

[Eben]

Of late there has been a significant fall in most altcoins including bitcoin,ethereum,cardano and several others. However it’s sad to note that despite a little rise in the other coins, cardano is still dropping. Despite this I strongly believe cardano will bounce back soon. Let’s wait patiently, cardano has a great future!