cbADA

🚨 Coinbase Wrapped Cardano (cbADA) Launch Fails to Impress — Is $ADA Running Out of Time? 😬

Coinbase just gave Cardano a lifeline… but the market shrugged.

On June 26, Coinbase launched cbADA, a wrapped version of ADA on the Base network — a move designed to inject Cardano into the fast-growing Ethereum DeFi space. It was supposed to be bullish.
But instead of mooning, ADA dropped -3% right after the announcement. 💀

🤔 Why Didn’t the Market React?

Let’s break it down:

cbADA is 1:1 backed by ADA held by Coinbase — so it’s fully secure.

Trading volume jumped ~10%, but that just increased selling pressure.

Long/Short Ratio: 0.96 → more traders are betting on ADA falling.

BoP (Balance of Power): -0.18 → sellers are clearly in control.

Support zone near $0.511 might be tested.

Potential bounce to $0.642 if DeFi hype kicks in.

📉 The Problem? The Market’s Losing Faith.

Cardano fans celebrated the cbADA launch — but investors didn’t see fundamental value in the news.
The harsh truth? cbADA may be a good idea at the wrong time. ADA is struggling with momentum, and this DeFi push might be too little, too late.

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🧠 Poll Time: Is Cardano Still Worth It?

What’s your stance on ADA right now? 👇

🔘 "It’s still early — Cardano will rise again."
🔘 "cbADA is a gimmick. ADA is losing relevance."
🔘 "Let’s see what DeFi integration actually does."
🔘 "I’m a HODLer — not worried one bit." 😎

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#Cardano #ADA #cbADA #Coinbase #CryptoNews #DeFi #Altcoins

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