Analytics

Cardano Price Facing 14% Drop Despite Low Inflation Rate and Network Upgrades

12.08.2024

Cardano price began consolidating on Saturday after signs of market weakness flashed on the Bitcoin chart. The asset broke down from a bearish setup, showing signs of dropping further. Meanwhile, the Chang upgrade is looming even closer as 79% of nodes have migrated to v9.1.0. Cardano inflation boasts a tiny 2.5% per annum, lording over other chains. However, can these developments save ADA from the incoming drop?

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12.08.2024
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