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Cardano Price Forecast as ADA sees Huge $300 Million Trading Volume in 24 Hours

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The Cardano price is kicking off the week on a negative note amid widespread declines in the crypto market. The largest cryptocurrency, Bitcoin (BTC), is down 3.6% on the day and is trading at $16,041, while Ethereum (ETH) exchanges hands at $1,116.The FTX debacle continues to wreak havoc in the space, which means price recovery could remain stifled in the short term.

With the loss of investor confidence in centralized exchanges (CEXs), conversations around decentralized exchanges (DEXs) are gaining momentum.According to Raphaël Haupt, founder and CEO of Toucan Protocol, FTX's collapse shows how decentralized crypto control is undervalued yet vital.

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