ADA Price Risks 10% Drop Amid $74M Controversial Proposal

Quick Summary:

ADA Price struggles along with the rest of the market, having dropped 4.5% over the last 24 hours.

The total crypto market cap is also down 1.7%, as most traders have turned bearish, anticipating a further decline.

According to Santiment data, the Cardano inflation rate has dropped to 0.42%, the lowest since June 6.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: IndiaFrance

Topics: Cardano price ADA price analysis ADA price Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 03:00:56 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22273553

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 29 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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