Global #ADA

Tuesday sees the Cardano (ADA) price struggle as the cryptocurrency falls out of the worldwide top 10 rankings and its recent bounce from mid-month lows stalls.

Holders of Cardano [ADA] saw a ray of hope as ADA ended the week strongly. Given the substantial drop ADA has experienced in recent weeks, the positive price movement was a pleasant relief.

The Cardano (ADA) community has been alerted by cryptocurrency analyst Ali Martinez to an important signal that may be favorable for the price of Cardano. His analysis suggests that there could be a rally for the cryptocurrency token, taking it beyond $1.

With a profound statement full of promise and optimism, CEO of the Cardano Foundation Frederik Gregaard said that the company is poised to usher in a new era of decentralized governance.

Santiment data shows that in just two days, the trading volume of XRP was halved. XRP had a $4.87 billion volume on April 14. However, the figure had dropped to $2.43 billion as of this writing.

Cardano's (ADA) path to $1 is still beset by difficulties; the token had a large sell-off that mirrored the overall decline in the cryptocurrency market. In fact, the token's recent price fluctuations have earned it the moniker "zombie crypto" because of the perception that it hasn't made any meaningful development.