Cardano Shows Signs of Life Again as ADA Rockets 40% After Massive FUD
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Cardano’s founder sparked controversy in June that generated widespread FUD and precipitated a sharp collapse in the ADA token price. Despite that reputational risk, ADA has decoupled from larger-cap alts over the past week, rallying about 40% from a multi-year low and showing renewed market interest and potential adoption momentum in the crypto sector.
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Cardano’s founder and arguably the most important person behind the project caused some controversy in June, which led to a surge of fear, uncertainty, and doubt and a price collapse for the underlying token.
However, ADA has decoupled from the rest of the larger-cap alts over the past week or so, posting a massive 40% surge from that multi-year low.
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