Cardano’s Failed ‘Incentivized Testnet’ Breakout Leads to Lower Prices [Premium Analysis]

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The Cardano (ADA) price made an unsuccessful breakout attempt on November 29. Since then, it has been decreasing — having broken down below a significant support line. The Cardano Foundation is preparing for the Incentivized Testnet phase. The testnet is designed to allow ADA holders to stake their holdings for incentives. On November 29, a snapshot of users' balance was taken —

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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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