Study: Cardano Could Fall by 30%

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Crypto analysts have recently said that the price of ADA (Cardano) could fall by 30%. According to them, the developers of the Cardano crypto project have done almost nothing and are not doing anything in order to overcome the decline in the price of the asset that has been recorded over several months now.

The official statements of the developers are associated only with the implementation of various technical work, events and updates, but there is no reference on how the price of the asset could increase.

Actually, there should be a significant scaling of the Cardano blockchain network in July. According to a press release, the developers plan to activate a long-awaited hard fork by about the same time.

In spite of these plans, experts are in no hurry to claim that the “massive upgrade” of the network will positively affect the value of the ADA digital asset.