Alex Svanevik, founder and CEO of blockchain analytics platform Nansen, took to Twitter to point out: Cardano’s original cryptocurrency, tweeting: “The Cardano brothers never thanked him for this.”
The “this” Svanevik was referring to was a prediction he made in March, stating that “this is the last chance to sell the ADA above $30 billion of market value.”
And it seems that Svanevik’s predictions have been proven correct. Because ADA prices have dropped terribly this year. The price dropped a shocking 91.67% from its all-time high. What’s more, it’s down 81% year-on-year. Even more than the memetic coin Shiba Inu (77%).
Although ADA prices saw a short-term increase at the start of the Vasil hard fork in September. but since then There is no news to push the price to increase any more.
But despite its poor performance, the ADA is still among the 10 largest cryptocurrencies by market capitalization. with an estimated value of $9 billion
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The post CEO Nansen revealed!! Cardano (ADA) price crash this year has been worse than “meme tokens” like the Shiba Inu appeared first on Bitcoin Addict.