The Cardano price has fallen due to the recent crypto market crash, triggered by the US-China trade war, wiping out billions of dollars in value. Currently, ADA is trading around $0.65 with no upward trend due to profit-taking and bears.
Some investors are shifting towards faster-growing alternatives, while others still consider Cardano a long-term project. A notable example is Remittix, a PayFi token that raised over $27.3 million by selling 677 million tokens for $0.1130.
The crash swept nearly $19 billion off the market, with ADA going down to as low as $0.
Investors are looking for the next crypto to surge, considering alternatives to Cardano.
Author's summary: Cardano price falls due to crypto market crash.