Cardano just dropped below $1 price mark
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With the price of Bitcoin falling from its ATH above $99,000 to $95,000, market sentiment has shifted, with a potential return to pre-hype levels. Over the past week, Cardano has still been up by over 33%, with the monthly surge soaring by 204%. During this period, data from IntoTheBlock hinted that 68% of addresses on the network are"In the Money" or profitable. It is logical that these profitable traders are choosing to sell off.Amid the ongoing price sell-off, Cardano, like other altcoins, is focusing on developmental growth.
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