Over the weekend, a significant decline in prices was observed for popular cryptocurrencies, including Dogecoin (DOGE), Cardano (ADA), and Ripple (XRP). This event stemmed from serious market liquidations and economic uncertainty.
Overview of Market Decline
Dogecoin's price fell by 7% during the weekend, as mass position closures occurred on major cryptocurrency exchanges, affecting SOL, BTC, and ETH. These declines highlight the cryptocurrency market's vulnerabilities, exacerbated by external economic factors and tariff uncertainties.
Development Shortcomings of Cardano
Cardano's development also shows significant decline, with GitHub commits dropping from 92 to 48 between January and May 2025. This reduction may indicate decreased activity in the ecosystem and impact the attractiveness of ADA among investors.
Future Prospects for XRP and Expert Opinions
XRP has faced negative impacts on its liquidity, raising concerns about the token's future. The situation has been exacerbated by large escrow releases and fears regarding market supply. As noted by Markus Thielen, CEO of 10x Research, "A falling Coinbase premium and weak funding rates may signal that momentum is fading. With increasing volatility, tactical positioning with well-defined risk exposure becomes crucial."
The ongoing changes in the cryptocurrency market indicate a growing caution among traders and investors. Amid economic uncertainty and observed volatility in global markets, investors are increasingly turning to projects with higher engagement and stability.
