Cardano (ADA) follows the general trend in the crypto market and recorded moderate losses in the past weeks. As of press time, ADA trades at $1,30 with 5.1% and 18.1% losses in the daily and weekly charts respectively.
Cardano has been moving heavily to the downside in the past months due to rumors of potential regulatory dangers following an alleged de-listing from crypto exchange e-Toro. The rumors were denied by IOHK’s CEO Charles Hoskinson, but the market seems to have negatively reacted either way.
However, this network’s fundamentals continue to strengthen as it recently deployed its first decentralized exchange SundaeSwap on the Cardano testnet. This milestone was celebrated by Cardano’s community as the network implemented smart contract capabilities with three Hard Fork combinator events, part of its Alonzo era.
