Cardano risks 60%-90% drop, warns trader with ADA painting a classic bearish pattern
Cointelegraph
Published Jul 30, 2021 11:33AM ET
Updated Aug 01, 2021 02:20PM ET
Cardano is close to attaining the title of a fully-fledged smart contracts platform following a critical upgrade in mid-July. The project's founder Charles Hoskinson confirmed that they recently processed the sales of more than $10 million worth of non-fungible tokens atop their public ledger.
Moreover, SundaeSwap, the first DeFi DEX to utilize Cardano smart contracts is expected to launch soon, and many ADA investors interpret this as a potential bullish catalyst for the altcoin.
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Written By: Cointelegraph
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