{"id":50378,"date":"2025-03-07T12:00:25","date_gmt":"2025-03-07T12:00:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=50378"},"modified":"2025-03-07T12:00:25","modified_gmt":"2025-03-07T12:00:25","slug":"why-is-the-cardano-ada-price-down-today-2","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=50378","title":{"rendered":"Why is the Cardano (ADA) Price Down Today?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Cardano (ADA) dropped to $0.82 following Trump\u2019s executive order, with some attributing the dip to a \u201csell the news\u201d reaction.<\/p>\n

Cardano\u2019s founder, Charles Hoskinson, was not invited to Trump\u2019s March 7 White House crypto summit, raising concerns about his role in future regulatory discussions.<\/p>\n

<\/a><\/p>\n

ADA Heads South<\/h2>\n

Cardano\u2019s native token took center stage on March 3, with its price <\/span>exploding<\/span><\/a> by 60% daily and reaching over $1.10. The substantial resurgence resulted from Donald Trump\u2019s statement that his administration will move forward with establishing a strategic crypto reserve that will include ADA (among other leading cryptocurrencies).<\/span><\/p>\n

Several hours ago, the US president signed<\/a> the executive order on the initiative. However, ADA was not included in the order as it was solely focused on bitcoin. <\/span><\/p>\n

Some industry participants previously warned that Trump\u2019s eventual green light may result in a \u201csell the news\u201d scenario. <\/span><\/p>\n

ADA plunged to as low as $0.82 before rebounding to the current $0.88 (per CoinGecko\u2019s data), <\/span>which represents<\/span> a 6% decline on a 24-hour scale. The asset\u2019s market capitalization is around $31 billion, <\/span>meaning it<\/span> remains the eighth-biggest in the sector, surpassing Dogecoin (DOGE).<\/span><\/p>\n

<\/a>ADA Price, Source: CoinGecko<\/p>\n

Another factor that may have triggered downward pressure on ADA\u2019s valuation is the upcoming crypto summit.<\/span>\u00a0The gathering will be held at the White House later today (March 7) and will supposedly be joined by multiple crypto leaders, including Ripple\u2019s CEO Brad Garlinghouse, Coinbase\u2019s boss Brian Armstrong, Strategy\u2019s Executive Chairman Michael Saylor, and more.<\/span><\/p>\n

Cardano\u2019s founder, Charles Hoskinson, was also rumored to be among the participants. Earlier this week, though, he <\/span>disclosed<\/span><\/a> that he hadn\u2019t received an invitation for the event.\u00a0<\/span><\/p>\n

Several months ago, Hoskinson\u00a0<\/span>revealed<\/span><\/a> his intentions to work alongside Trump\u2019s administration to create a comprehensive and potentially more favorable regulatory environment for the cryptocurrency sector. However, his exclusion from the guest list may hamper that ambition.\u00a0<\/span><\/p>\n

Waiting for These Bullish Factors<\/span><\/h2>\n

Despite ADA\u2019s retreat in the past hours, some elements suggest that the asset could rise to new peaks soon.<\/span><\/p>\n

One example is the potential support coming from Gemini. Tyler\u00a0Winklevoss (co-founder of the US-based crypto exchange) recently <\/span>hinted<\/span><\/a> that ADA might be listed on the platform. Such a development would increase the token\u2019s liquidity and accessibility and may spark upward pressure on the price.\u00a0<\/span><\/p>\n

Another factor is the possible launch of a spot ADA exchange-traded fund (ETF) in America. The world\u2019s largest digital asset manager, Grayscale, <\/span>filed<\/span><\/a> with the US SEC to introduce that type of product in mid-February, and the Commission <\/span>acknowledged<\/span><\/a> the application a few weeks later.<\/span><\/p>\n

This investment vehicle would allow investors to gain exposure to the asset without dealing with exchanges or worrying about self-custody. According to Polymarket, the approval odds before the end <\/span>of<\/span> 2025 <\/span>stand<\/span><\/a> at roughly 70%.<\/span><\/p>\n

The post Why is the Cardano (ADA) Price Down Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Cardano (ADA) dropped to $0.82 following Trump\u2019s executive order, with some attributing the dip to a \u201csell the news\u201d reaction. Cardano\u2019s founder, Charles Hoskinson, was not invited to Trump\u2019s March 7 White House crypto summit, raising concerns about his role in future regulatory discussions. ADA Heads South Cardano\u2019s native token took center stage on […]<\/p>\n","protected":false},"author":0,"featured_media":50379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50378"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50378"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/50379"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}