01-31-2020, 02:15 PM
Against both Bitcoin and US dollar, Cardano has been unable to show high volume across major cryptocurrency exchanges. As a result, it has shown less volatility than other major top cryptocurrencies, causing trading activity to drop.
A trader and technical analyst known as The Crypto Cactus said:
“This is something that I would avoid buying, after it broke down from listing price it has been pretty inactive in terms of price action for the past 7 months. I see no reason to invest or trade tokens that have price action or charts that look like this.”
A trader and technical analyst known as The Crypto Cactus said:
“This is something that I would avoid buying, after it broke down from listing price it has been pretty inactive in terms of price action for the past 7 months. I see no reason to invest or trade tokens that have price action or charts that look like this.”