Cardano trading volume plummeted by 36%, is the dream of $1 shattered?

Amid the full market crash, Cardano (ADA) plunged from intraday highs of $0.9082, breaking below its hope of hitting $1. Trading volume plummeted 36.5% to $1.13 billion, reflecting a sluggish investor sentiment. The profit-taking takeoff of breaking through $0.90 and Bitget’s ADA trading pair exacerbated the price drop. The ADA traded at $0.8897, down 0.85% in 24 hours and down 5.77% in a week. Marketing challenges and investor criticism exacerbates its plight, but the development of ETFs may impact future price movements.