Cardano [ADA] recently flipped XRP to become the seventh-largest cryptocurrency by market cap on 29 July. As expected, this flippening coincided with ADA registering strong on-chain and social metrics on Santiment. However, at press time, this was no longer the case. Now, what could be the reason behind this unfortunate fall?
Cardano’s native token ADA, at press time, was ranked 8th on CoinMarketCap after dropping a place. In fact, ADA seemed to note a correction of 3% as it traded around the $0.51-mark. In another development, the much-anticipated Vasil Hard Fork got delayed by several weeks.
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