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.
The crash swept nearly $19 billion off the market, with ADA going down to as low as $0.
Following the massive cryptocrash, the Cardano price remains under pressure due to profit-taking and bears.
Author's summary: Cardano price falls after crypto market crash.