Cardano (ADA) Price Drops 40%, Losing Market Attention

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CRYPTOCURRENCY News

Cardano,ADA,Cryptocurrency

Cardano (ADA) price saw a significant drop of 40% after peaking in early December. This decline coincided with a decrease in market attention and interest towards the cryptocurrency. The limited nature of attention in the crypto market, often described as 'fuel', plays a crucial role in the performance of any digital asset.

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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available., the popular cryptocurrency of the same name blockchain and currently the ninth largest digital asset, was all over the news as its price rose more than 300% in less than a month. The ADA price then peaked at $1.3263 per token in early December, but the following days of the last month of the year were not as festive for the popular cryptocurrency. By now, the price of the Cardano token has fallen to $0.9, and at one point the drop was 40% of the recent high.Ripple's RLUSD Stablecoin Explodes With 106% Growth in Volumes: Details It is logical that when the November rally in ADA ended and the token began to correct, the price drop was accompanied by a decrease in market participants' attention to the asset.In the crypto market, attention can generally be considered as fuel, which, as it is accepted in the main identity of the economy, is a limited resource amid the unlimited demand. Attention flow is probably one of the most important components for the favorable existence of a particular cryptocurrency, and its absence sometimes painfully affects the price performance., the sentiment of crypto enthusiasts was already far from positive, with ADA often referred to as a'dead dino coin' that no one was interested in. Generally the same slogans accompanied its rally. And now that the price has fallen 40% in a moment, it is no longer even being paid that much attention to.So, after getting a reaction from buyers at $

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