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Latest / The Cryptocurrency Economy with Fexingo: Bitcoin, Ethereum, and Digital Money Markets

Why ADA Is Down 19 Percent in a Week

While Bitcoin and Ethereum have dropped three and eleven percent respectively over the past five days, Cardano's ADA has plunged nineteen percent — more than double the next worst performer in the top ten. Lucas and Luna dig into what's driving the selloff, from the collapse of the USDA stablecoin on the Cardano ecosystem to fears of a coordinated SEC crackdown on proof-of-stake tokens. They examine on-chain data showing a sharp drop in developer activity and total value locked, and ask whether this is a buying opportunity or the beginning of a longer de-rating for a chain that has…

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