Cardano (ADA) continues a month of tumbling price action that has seen a troubling -20% bleed out over the past 27 days.
With Cardano bulls currently battling to consolidate above a key support level at $0.35, ADA is trading at $0.36 (marking a 24 hour change of +1.81%).
Cardano (ADA) Price Analysis
Cardano now has a subpar Risk:Reward ratio of 0.54.
A concerning reward structure has almost two times the risk.
A ray of light emerges in the form of an eco-friendly cryptocurrency initiative as the dismal prognosis on Cardano casts a gloomy shadow over ADA’s future.
The Green Recycle-to-Earn (R2E) project eco terra offers an alluring pre-sale opportunity that is not only a step toward a sustainable future but also promises to be profitable.
Meet Ecoterra: The Future of Green Crypto Technology
The ecoterra ($ECOTERRA) pre-sale is blazing its trail and is getting close to a whopping $3.5 million, as the market trend indicates.
Investors stand to make a sizable 30% return on their investment with the ECOTERRA token’s current price of $0.00775 once it is listed at $0.01.
The time is right to take advantage of this deal because there is just a little more than a week until the next price hike to $0.0085.