Is $0.20 Coin the Best Cardano (ADA) Alternative Right Now? Expert Analysis

Cardano’s recent price slump has sparked doubts about its short-term viability. After a 10% decline in the past month, ADA is struggling to find consistent momentum. Short-term traders are responsible for a significant portion of market movements and their growing negativity is contributing to selling pressure. This is evident in Cardano’s negative financing rate in the futures market, currently at -0.006%, which indicates a higher likelihood of price drops.