Cardano (ADA), the cryptocurrency that powers the smart-contract-enabled layer-1 Cardano blockchain protocol, dumped 7.5% on Wednesday. ADA/USD was last changing hands around $0.56 per token, having at one point traded as much as 16% lower on the day when it hot lows just above $0.50, near its 50DMA. ADA’s downside comes amid a broader leveraged-fuelled The post Cardano Price Prediction as ADA Dumps 7.5% – Can ADA hit $1 in 2024? appeared first on Cryptonews .