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Cardano Is A Stable Crypto, But The Price Isn’t Growing- Here Are The Reasons

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Cardano Is A Stable Crypto, But The Price Isn’t Growing- Here Are The Reasons

A number of factors can explain this price drop and why the Cardano price is not growing.

Key Points:

Cardano price plunges 75% since the last ATH 8 months ago

Bitgert price has been skyrocketing

Bitgert ecosystem surpassing Cardano ecosystem growth

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Cardano has been on the list of top 10 cryptocurrencies for some time now. It has never left the top 10 list, which makes it one of the most stable cryptocurrencies in the market. Cardano started exploding in 2021, and in February, it became the third-largest cryptocurrency by market cap after reaching $1.3.

The Cardano price would continue growing rapidly in 2021, and by the first week of September 2021, Cardano reached the all-time high of $2.96, which stands to date. From this ATH, Cardano has been on a free fall. The coin is currently trading at $0.74, which is a 75% drop in the past 8 months.

A number of factors can explain this price drop and why the Cardano price is not growing. The crashing crypto market is the first reason. Interruptions by the FED over the past few months have crashed the money market, including the crypto market. FED is also the reason why Cardano and the crypto market at large are bearish today.

The other big reason why the Cardano price is not growing is the competition. Exciting new projects are offering better returns and are attracting the crypto community. Bitgert (BRISE) is one of the new projects making large coins like Cardano perform poorly. Bitgert has, in fact, attracted a lot of attention than Cardano today. That’s why Bitgert price has been skyrocketing when Cardano is plunging.

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Bitgert has drawn crypto enthusiasts’ attention with its fast-growing ecosystem and disruptive products. Though the Bitgert team is delivering its roadmap fast, the Bitgert disruptive products have been the center of attraction. The Bitgert BRC20 blockchain has overtaken Cardano and many other blockchain speeds.

The Bitgert BRC20 also charges $0.0000000000001 for every transaction, which is a zero gas fee. This makes the Bitgert chain far much better than the Cardano blockchain, which is why Bitgert is experiencing mass adoption. The Bitgert ecosystem is growing faster, with many products and hundreds of projects coming up soon.

The bottom line is that the Cardano price is not growing because crypto enthusiasts are buying the likes of Bitgert. Bitgert fast growth is making investors rich faster than Cardano. Until the Cardano team pull the same growth as Bitgert, it will be difficult for ADA to make a significant price growth.

 

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Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

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