The cryptocurrency market faced turbulence this week as Cardano (ADA) price plummeted

The cryptocurrency market faced turbulence this week as Cardano (ADA) price plummeted

The cryptocurrency market experienced a turbulent week as Cardano (ADA) price plummeted over 50% from its recent peak of $1.19 to trade at $0.79 on March 6. Meanwhile, Yeti Ouro (YETIO), a rising meme-gaming token, advanced to Stage 3 of its presale, selling over 204 million tokens. YETIO is currently priced at $0.024 per token.

Cardano Price Rollercoaster Week: From Strategic Reserve Highs To Macroeconomic Lows

Cardano initially surged 70% on March 3 after U.S. President Trump announced its inclusion in a proposed U.S. Crypto Strategic Reserve alongside Bitcoin and Ethereum. However, the rally reversed sharply within 48 hours with the emergence of broader market uncertainty.

Trump’s subsequent tariff announcements on Chinese and Canadian goods triggered a $300 billion crypto market selloff, erasing ADA’s gains. Analysts observed that ADA price movements closely mirror those of Bitcoin, which decreased by 9% to reach $83,461 this week. Furthermore, skepticism about the reserve’s implementation and profit-taking activities by whales contributed to the downturn.

Source: Messari.io

On-chain data from Messari.io reveals a significant spike in ADA’s trading volume to $8.4 billion during the rally, which later collapsed to $2.1 billion post-correction, indicating a decline in investor confidence.

ADA currently shows a volatility of 0.070748%, trading between $1.007 and $0.936252, suggesting price consolidation. Its daily volume is $3.06 billion, with an 8.95% volume-to-market cap ratio. The coin’s moving averages are trending downwards, while support is detected around the price level of $0.9101. The 1-hour RSI stands at 53, while the 7-day RSI is 58, indicating a slight bullish momentum.

Yeti Ouro’s Presale Progress Defies Market Sentiment

In stark contrast to ADA’s struggles, Yeti Ouro continues to attract investors with its Play-to-Earn (P2E) racing game, Yeti Go, and deflationary tokenomics.

The project has sold 204 million YETIO tokens so far and is currently priced at $0.024, offering a 10% purchase bonus and an additional 5% bonus for purchases over $500. Those who joined Stage 1 of the presale at a price of $0.012 can now claim a 100% profit.

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The token’s 1 billion supply includes a 5% burn mechanism, creating scarcity as adoption grows. A SOLIDPROOF audit further assures security, addressing concerns common in meme coins.

The development team has released a trailer of a demo level along with a couple of other project videos on their official YouTube channel:

The game is being developed by veterans of Call of Duty, Dead Space, The Witcher and Spiderman, who integrated AAA graphics and rewards players with YETIO tokens for competitive achievements in the racing game. Its audio experience is expertly produced by sound engineers who have worked with Grammy-winning artists like Major Lazer, Kabaka Pyramid, and Vybz Kartel.

The maps involve exciting rocky and eccentric terrains, where race-to-win incentives will be awarded via YETIO tokens, which can be withdrawn and encashed for actual financial earnings.

Moreover, the team has plans for a multi-device launch and future collaborations with top-tier exchanges, which will hyper-scale its popularity.

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