As of 10 a.m. local time, Cardano (ADA) experienced a 10.04% decline at $ 0.4625, the largest daily percentage drop since May 18th.
At current prices, the ADA is still down 85.08% from an all -time high, $ 3.10 recorded on September 2, 2021.
Based on the decline as well, the ADA market capitalization stood at $ 15.8233 billion or a 1.32% decline from the total cryptocurrency market limit.
For the record, the ADA’s highest market capitalization record ever reached $ 94,8001 billion.
In addition, during the last week alone, the value of the ADA has decreased by 13.41%.
At the time this article was written the value of Ada was at $ 0.4637, down 7.96%.
Meanwhile, total value locked in (TVL) also declined with reduced investor interest in decentralized applications (dApps) and the correction of the crypto -wide market.
According to Be [In] Crypto media reports, the ADA has lost $ 205 million to TVL since reaching a high of around $ 326 million on March 24, 2022, and its current TVL as of May 26 is at $ 120.86 million.
On the other hand, the price of Bitcoin (BTC) also fell 0.96% at $ 29,033.96 at the time this article was written and Ethereum (ETH) was down 4.41% at $ 1,778.97.
As for the BTC market capitalization, so far it is at $ 553.804 billion while ETH is at $ 215.324 billion.
