From a $0.69 valuation earlier this week, the ADA token is trading at $0.62, with the losses like because to the ‘Death Cross’ formed on Tuesday.
Cardano founder Charles Hoskinson revealed earlier in October that the blockchain was rolling out a feature that will allow users to trade Bitcoin and access other BTC DeFi functionalities through the Cardano network.
He anticipates a huge volume from the Bitcoin network, as more users aim to use Cardano to do Bitcoin things.’ Finally, after setting Cardano up against Bitcoin for so long, ADA may be able to match the crypto giant’s volume.
The integration of Bitcoin DeFi on Cardano, as well as the AI payments feature, has a long-term ROI. If the ADA price doesn’t return well enough in the short term, the Cardano whales are ready to pivot to the new, vibrant project.
Already, many Cardano traders are stocking up on RTX tokens from the website.
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