The influence that caused the bearish trend in Cardano

When the users of Cardano (ADA) bucking up their belts to ride to the Moon, the unthinkable happened. Prices THERE have suffered a major blow on the previous week. The price has come down 32.9% are worrisome in one weekend and the trend has just begun.

This is the second time Cardano (are) taking investor to go up since the big downturn that occurred after December 2017. The decline witnessed in the first quarter of 2018 is central, especially following a very promising bullish trend that has made traders is very excited. Although Cardano network cannot fully blame for the drop in price during Q1, 2018 due to the bearish trend was crypto in all markets, the second price drop can overload the network.

Everyone was excited after the coin reverses the trend bearish in early April with most investors bet on the long-term trend. And in accordance with the momentum belonging to the coins THERE is a bullish trend of maintaining, coins for a month to give investors more hoes that coins destined to reach higher altitudes.

What causes a bearish trend on Cardano (there)?

Cardano (THERE is) still is one of cryptocurrency most popular globally by market capitalization and trading volume of USD $6,546,274,186 daily $332,272,000 USD and is currently ranked at position 7 according to market capitalization.

The main impetus came from the rising popularity in South Korea due mainly to do with currency exchange crypto Upbit which is a platform for the exchange of South Korea crypto.

But things in South Korea who whet we do not guess. There is a flash investigation has been launched by the Government of South Korea against Upbit just a few months after announcing his insistence to set cryptocurrency in the country. This has negatively affected the Cardano (ADA) and therefore decrease current value.

If the target $1.0 Cardano (THERE is) still alive?

If the current bearish trend continues, then the target $1.0 there can be turned into just a dream mare.

However, if the current impasse between Upbit and the Government of South Korea is resolved, analysts are confident that there will rise again and $1.0 target can be reached within 1 or 2 months.

Investors can remember that crypto coins ever reach $1.0 in early January this year after an unusually high price rises after the celebration of Christmas. The price of actually passing a $1.2 at that time.

The development team Cardano (ADA) also work very hard to ensure that it saves face Cardano Token in addition to making the network more attractive to users. Currently the team has handled most of the destinations on the map of the course: the phases of Byron, Shelley, phase phase Goguen and Basho Phase. They have yet to start working on phase Voltaire but they should start in the coming months.

Once done with this phase of Voltaire, cryptocurrency is set to be very scalable and secure. They've introduced a wallet account DAEDALUS after working at the paper wallet and recently they've also teamed up with a great book to have Cardano (there) that is compatible with the hardware purse ledger.