Cardano Price Prediction as ADA Funding Rate Hits 16-Week Low Despite CIP-0113 Mainnet Launch

Cardano (ADA) price is down 4.84% to trade at $0.239 at press time. ADA is now down 14% since October 6, with this drop pushing the altcoin’s funding rate to its lowest level since late June. However, while Cardano price is falling, the number of active addresses is rising amid multiple developments on the network.