Cardano (ADA) Reclaims Strong Buy Territory – Here’s How

Cardano (ADA) was enjoying the uptrend last month. Following the price rally that insinuated a rise in the entire crypto market, crypto prices have nosedived again in the past week. ADA prices reaches buy zone Cardano lost 18% the past week ADA price drops 2.88% as of press time After the formation of that uptrend that drove the entire cryptocurrency market higher, prices crashed heavily in the past week. On average, the crypto market shaved off around 12% in the past week. Cardano lost roughly 18% and shoved ADA prices to the buy zone. So, is it advisable to buy the dip at this point? Or should buyers wait a little bit more for a price jump? According to CoinMarketCap, ADA price has dropped by 2.88% or trading at $0.4505 as of this writing. Related Reading: Fantom (FTM) Hit By Bearish Sentiment Despite Logging Over 300,000 Active Users The ‘Ethereum Killer’ Dubbed the ‘Ethereum Killer,’ Cardano (ADA) is a public and decentralized DApps and Smart Contract blockchain that was launched in 2017 to be bigger and better than Ethereum. It uses the Proof-of-Stake algorithm which is considerably more energy-efficient than what Ethereum is equipped with. Considering the many lapses or shortcomings that Ethereum has such as its sluggishness and expensive gas fees, Cardano is said to set the benchmark for pivotal upgrades using modern technology. With Cardano’s “Alonzo” upgrade, the network has grown in 2021 to be...