Cardano is a type of digital money that can be bought and sold. Its value goes up and down a lot every day and week. In the past 24 hours, its value went down by 4.12%. This means it is worth less than before. But in the past week, its value went up by 2.0%, which means it is worth more than before. Sometimes there are more people buying or selling Cardano, and that makes its value go up or down more. Right now, fewer people are buying or selling it, so its value changes less. There are many Cardanos in the world, but not all of them can be used because some are locked away. The number of locked away Cardanos went down a little bit. Read from source...
1. The article lacks any clear explanation of what Cardano is and why it is important for the readers to know about its price movements. This shows a lack of context and relevance for the target audience. A better introduction could have been something like: "Cardano is a decentralized public blockchain and cryptocurrency project that aims to provide a more secure, scalable, and sustainable ecosystem for decentralized applications. It is one of the most popular and promising altcoins in the market, with a strong community of developers and investors who support its vision."
2. The article does not provide any technical analysis or fundamental reasoning behind the price movements of Cardano. It only reports the numerical figures without explaining what they mean or how they are derived. This shows a lack of depth and insight for the readers who might be interested in understanding the market dynamics and the factors influencing Cardano's performance. A better section could have been something like: "Over the past week, Cardano has gained 2% against Bitcoin and 5% against Ethereum, indicating a positive sentiment from the larger cryptocurrency market. However, over the past 24 hours, Cardano has faced some selling pressure as the global crypto market cap dropped by 3%, following the news of Silvergate Bank's liquidity crisis and the regulatory crackdown on Binance."
3. The article uses vague terms like "this is opposite to its positive trend" and "the gray bands are Bollinger Bands" without explaining what they mean or how they are useful for the readers. This shows a lack of clarity and precision for the readers who might be unfamiliar with these concepts. A better use of terminology could have been something like: "This is contrary to its previous upward trend" and "these are indicators that measure the volatility and the upper and lower bounds of the price movements."
4. The article does not provide any conclusion or outlook for Cardano's future performance, leaving the readers hanging with no sense of direction or purpose. This shows a lack of professionalism and completeness for the article as a whole. A better ending could have been something like: "While Cardano has faced some short-term challenges, it remains a promising project with a strong development roadmap and a dedicated community. If the market conditions improve and the adoption of Cardano increases, we can expect to see more growth and innovation from this project in the long run."