The price of Cardano has dropped by 1% today, with ADA falling to $0.3304 as the cryptocurrency market as a whole barely moves in the past 24 hours.
ADA is down by 1.5% in a week but up by 2% in a fortnight, with the altcoin also sitting on a 32% increase in a year. Such percentages may be modest in relation to other coins, yet Cardano is arguably one of the sleeping giants of the market, with its developers steadily working on a number of upgrades that will improve its fundamentals.
Seyffart and his boss, Eric Balchunas, gained prominence in the ETF space, particularly for their analysis of Bitcoin and Ethereum ETFs.
ADA’s price chart is in line with that of most other major alts today, with the coin’s indicators weak but in a position where we could see a rebound soon.