Is There Any Hope Left for Cardano?

Ever since Cardano's (CRYPTO: ADA) much-anticipated Alonzo hard fork -- or a radical change in a blockchain's protocol on Sept 12, which enabled self-executing, programmable agreements (smart contracts) on its blockchain -- investors have been dumping the network's native ADA coins. Indeed, the value of ADA has fallen by about 25% from its all-time highs last month.

As the old investing saying goes, "Buy the rumor, sell the news." Looking back, it was clear that the Alonzo fork was such an event. But now that the news has been sold, it's time to look forward and find out if there's a recovery inbound.

Image source: Getty Images.

Source Fool.com