ADA, the main asset of the smart contracts platform Cardano, hit $1.5, and this is a more than 50% drop after hitting a record high.
On September 2nd, ADA’s price hit an all-time high of $3.10 before the smart contracts functionality was enabled.
But after that, the price of ADA returned to Earth. It dropped to $1.5, a drop of more than 50%. In terms of the token’s short-term bear market catalyst, The most obvious is the announcement of ADA trading limits for US clients of eToro, a derivatives trading platform.
Cardano’s Charles Hoskinson condemned eToro’s decision and considered eToro’s decision to lack international standards in crypto and blockchain.
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