Stocks-Prognosis.com
Search on StockPrognosis.com
To search on the site stockprognosis.com enter the name of the ticker, company name, or search phrase
Sections of the site



Cardano Drops 32% Since Being Snubbed for Bitcoin-Only Reserve: What Is Going On?

March 15, 2025
Recent developments have caused a significant drop in the price of Cardano (ADA), following its exclusion from a Bitcoin-only reserve. Investors are left wondering what led to this decision and what it means for the future of Cardano.
The exclusion of Cardano from the reserve has raised concerns about its potential as a viable cryptocurrency. Many investors had hoped that Cardano would be included, as it boasts a strong track record and a dedicated community of supporters. However, the decision to go with Bitcoin-only has led to a sharp decline in ADA's value.
This drop in price has caught the attention of traders and analysts, who are now questioning whether Cardano can rebound from this setback. While some believe that a recovery is still possible, others are less optimistic. The lack of inclusion in the reserve has cast doubt on Cardano's ability to compete with other top cryptocurrencies in the market.
Another factor that may be contributing to the struggle of Cardano is the overall market sentiment. Panic-selling could be about to crash not only the Cardano price but also the Bitcoin price. The fear index has been rising, causing a decline in several cryptocurrencies, including BTC, XRP, and DOGE.
With all these challenges, it is crucial for investors to make informed decisions. Seeking professional advice from Stocks Prognosis is recommended to navigate the complex cryptocurrency market. Their expertise can help in determining the future movement of ADA and provide valuable insights for potential investors.
If you want to leave a comment, then you need Login or Register





Other data for ADA-USD

Related data

ADA-USDMay 27, 2025Cardano ADA Mystery: 1.2 Billion Volume Despite Price Drop  ~1 min.

Despite a recent drop in price, Cardano ADA continues to see impressive trading volume, with over 1.2 billion in volume in the past week....

ADA-USDMay 10, 2025QuantWave Achieves 26.89% Profit Target Forecast Success for CARDANO USD  ~1 min.

QuantWave, the automated forecasting platform, has successfully achieved a price target forecast for the stock CARDANO USD, resulting in a profit of 26.89%....

ADA-USDMay 10, 2025QuantWave Achieves 23.37% Profit Target Forecast for CARDANO USD Stock  ~1 min.

QuantWave, the automated forecasting platform, recently achieved a remarkable success in predicting the movement of the CARDANO USD stock....

ADA-USDMay 10, 2025QuantWave Hits 24.32% Profit Target on CARDANO USD Forecast  ~1 min.

QuantWave, the cutting-edge automated forecasting platform, has achieved a significant milestone by accurately predicting a 24.32% profit on the CARDANO USD stock....

ADA-USDApril 6, 2025QuantWave Achieves Forecast Success with CARDANO USD, Profiting 23.14%  ~2 min.

QuantWave, the automated forecasting platform, has recently reached a significant milestone with its price target forecast for CARDANO USD....

ADA-USDApril 6, 2025QuantWave Achieves 22.35% Profit Target on CARDANO USD Stock Forecast  ~1 min.

QuantWave, the automated forecasting platform, recently hit a significant milestone with its forecast for CARDANO USD stock....

ADA-USDMarch 18, 2025Cardano Whales Offloading ADA Tokens As Technical Outlook Worsens  ~1 min.

Cardano, one of the leading cryptocurrencies, is facing a challenging time as its technical outlook worsens....

ADA-USDMarch 2, 2025CARDANO USD Stock Hits Price Target Forecast with 65.57% Profit Achieved  ~1 min.

QuantWave's forecast for the CARDANO USD stock has proven to be highly accurate as the price target was reached on March 2, 2025, resulting in a profit of 65.57%....

ADA-USDMarch 2, 2025QuantWave Achieves 65.48% Profit Target Forecast for CARDANO USD Stock  ~1 min.

On February 25, 2025, QuantWave, an automated forecasting platform, issued a bullish signal for the CARDANO USD stock at a price of $0.68, predicting a long direction....

ADA-USDMarch 2, 2025QuantWave Achieves 40.4% Profit Forecast Success with CARDANO USD Stock  ~1 min.

QuantWave, the automated forecasting platform, has recently achieved a significant milestone with its price target forecast for the stock CARDANO USD....

ETH-USDJanuary 25, 2025Ethereum ETH Price Soaring Amidst Positive Market Sentiment  ~2 min.

Ethereum, one of the leading cryptocurrencies in the market, is experiencing a surge in its price today....

ALGO-USDFebruary 3, 2025Algorand Price Prediction 2025 2026 2030: Will ALGO Price Hit $1?  ~2 min.

ALGO-USD, the cryptocurrency associated with the Algorand platform, has been gaining momentum in the market....

BCH-USDDecember 19, 2024LTC and BCH Maintains Bullish Sentiment Despite Retracement Lunex Network Reaches New ATH  ~2 min.

Bitcoin Cash (BCH) and Litecoin (LTC) have managed to maintain their bullish sentiment in the cryptocurrency market despite a recent retracement....

BCH-USDMarch 1, 2025Bitcoin Cash Volatility Surges: What Does the Future Hold?  ~2 min.

Bitcoin Cash (BCH-USD) has experienced a surge in volatility today, leaving investors wondering what lies ahead for the popular cryptocurrency....

BNB-USDFebruary 19, 2025BNB Price Surge Attracts Attention as it Rises More Than 8% in 24 Hours  ~2 min.

Binance Coin (BNB-USD) experienced a significant surge in price, rising more than 8% in just 24 hours....