Cardano News: Is Cardano Dead? Why Is Cardano Price Dropping?

Cardano News: Why did Cardano price drop so bad as a stable crypto? Is Cardano Dead? Here are some reasons for your information.

 

In Brief:

-Cardano (ADA) price has plummeted 75% since the last all-time high 11 months ago.

-Bitgert (BRISE) price has been soaring.

-Bitgert ecosystem growth outpaces Cardano ecosystem.

 

Cardano has ranked among the best 10 cryptocurrencies for some time now. It has never left the top 10, making it one of the most stable cryptos on the market. Cardano began to explode in 2021 and became the third biggest cryptocurrency in terms of market capitalization after peaking at $1.3 in February.

 

Cardano price continued its rapid growth in 2021 and by the first week of September 2021, Cardano reached a new all-time high to date of $2.96. Since this ATH, Cardano has been freefalling. The coin is now trading at $0.74, down 75% in the last 11 months.

 

Cardano News: Why Is Cardano Dropping?

There are many reasons and factors that could explain the price drop of Cardano and why it is not growing. The collapsing crypto market is the first reason. And Fed is one of the reason why Cardano and the entire crypto market is bearish today. The Fed interruptions over the past few months have crashed the crypto market.

 

Another important reason why Cardano price is not growing is competition. Exciting new projects are offering better returns and attracting the crypto community. Bitgert (BRISE) is one of the new projects that are making large coins like Cardano underperform. In fact, Bitgert is attracting more attention than Cardano does today. That’s why when Cardano plummeted, Bitgert’s price soared.

 

Bitgert has captured the attention of crypto enthusiasts with its fast-growing ecosystem and disruptive product. While the Bitgert team is rapidly delivering on its roadmap, Bitgert’s disruptive products have been the center of attraction. The Bitgert BRC20 blockchain growth has outpaced Cardano and many other old blockchains.

 

Bitgert BRC20 also charges $0.0000000000001 for each transaction, which is a zero gas fee. This makes the Bitgert chain much better than the Cardano blockchain, which is why Bitgert is experiencing mass adoption. The Bitgert ecosystem is growing much faster, with many products and hundreds of projects coming soon.

 

The final reason for Cardano price not rising is that crypto enthusiasts are buying cryptos like Bitgert. The rapid growth of Bitgert is making investors richer faster than Cardano. Until the Cardano team pulls the same kind of growth as Bitgert, it will be difficult for ADA to achieve any noticeable price increase.

 

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