Why Cardano Is Plunging Today

Cardano (CRYPTO:ADA) is down 9% in the past 24 hours to $2.51 apiece as of 2:30 p.m. EDT today. Investors are adopting a “buy the rumor, sell the news” mentality after its tokens went live on Japanese cryptocurrency exchanges for the first time.

So what 

There are big expectations for Ada tokens after a stunning 1,460% gain year to date, including a 130% rally in the last month alone. It is now the third-largest cryptocurrency in the world, with a market cap of $80.9 billion.  

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