Cardano (ADA) Price Drops Nearly 13% Trading at $0.60

The Cardano ecosystem shows signs of growth, but the native coin ADA has decreased by nearly 13%, trading around $0.60. This decline coincides with increased long liquidations in the crypto market.

Current Market Overview

ADA price at $0.6021, down 0.71% in 24 hours
Price drop from $0.70 on June 12 to current levels
Over 241,696 traders liquidated on June 13, totaling $1.14 billion
Approximately $50 million in long positions liquidated at the $0.60 price zone for ADA
Market capitalization stands at $21.26 billion
Trading volume increased by 30.12% in the last 24 hours to $776.2 million

Cardano's network hosts over 5.4 million wallets, with more than 100,000 new wallets added in the last 60 days. In six months, approximately 400,000 new wallets have been created.

Interest in Cardano has grown, notably with Ford Motor Company exploring decentralized legal data storage on the Cardano blockchain through a partnership with Iagon and Cloud Court.

This development could potentially raise ADA prices toward $0.65 and beyond.