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Cardano (ADA) appears to be more dented by a bear market than some of its other major peers, recent data shows.
The token is down 2.2% in the past week at $0.4845, compared to steady gains across most other top-10 cryptocurrencies.
While hype over the blockchain’s upcoming Vasil Hard Fork had driven some price gains earlier this month, it now appears to have died down. ADA is trading down about 25% for June, and is around its lowest levels in 14 months.
ADA has also seen a substantial drop in daily trading volumes, from a peak of $2.4 billion earlier this month, to about $700 million over the past two weeks.
But lower volumes could set the token up for a sharp rally, especially if major whales were to begin accumulating.
