Cardano Price Holds Above Crucial Level Despite Broad Market Pullback
Cardano's price is staying bullish above $0.2392 as whales continue to buy in, despite retail investors remaining on the sidelines.
The cryptocurrency has been steadily recovering since a sharp reversal in May, with its price now trading near $0.2482 and holding just above its 200-day EMA at $0.2392.
Cardano's founder Charles Hoskinson teased a 'world-changing' project, speculated to be connected to SpaceX, which could potentially support the cryptocurrency's price growth.
Hoskinson's comments came as Cardano marked its ninth birthday with zero recorded downtime since its genesis block in 2017.