Cardano: These Factors Have A Negative Impact On ADA Price

Cardano is said to be designed in such a way that it performs better than Ethereum when it comes to running smart contracts.

• Cardano has now lost 86.2% of its $3.09 all-time high
• ADA still remains as the 8th largest crypto by market capitalization
• $1 trading price remains a big challenge for Cardano

After all, Charles Hoskinson, the founder of the ADA network, was one of the developers of the network of what is widely recognized as the “king of all altcoins.”

Hoskinson made sure the work he has done with Cardano was better, enhancing its smart contract performance.

But even that improvement seems to fall short in helping the digital currency grow, as its price continues to hover around