coin-img-ETHETH+3.62%coin-img-BTCBTC+2.63%coin-img-NEXINEXI-45.72%coin-img-SOLSOL+4.38%coin-img-ROBOROBO+12.91%coin-img-OPNOPN+1.89%coin-img-USDCUSDC-0.01%coin-img-XRPXRP+1.47%coin-img-ETHETH+3.62%coin-img-BTCBTC+2.63%coin-img-NEXINEXI-45.72%coin-img-SOLSOL+4.38%coin-img-ROBOROBO+12.91%coin-img-OPNOPN+1.89%coin-img-USDCUSDC-0.01%coin-img-XRPXRP+1.47%coin-img-ETHETH+3.62%coin-img-BTCBTC+2.63%coin-img-NEXINEXI-45.72%coin-img-SOLSOL+4.38%coin-img-ROBOROBO+12.91%coin-img-OPNOPN+1.89%coin-img-USDCUSDC-0.01%coin-img-XRPXRP+1.47%coin-img-ETHETH+3.62%coin-img-BTCBTC+2.63%coin-img-NEXINEXI-45.72%coin-img-SOLSOL+4.38%coin-img-ROBOROBO+12.91%coin-img-OPNOPN+1.89%coin-img-USDCUSDC-0.01%coin-img-XRPXRP+1.47%
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Jordan Lyanchev

Analyst Labels Cardano a Failing Network as ADA Trades Over 90% Below 2021 Peak

Crypto market commentator Ali Martinez criticized Cardano's network, highlighting its DeFi total value locked having never reached $1 billion and currently standing far below Ethereum and some newer chains. He noted that ADA is trading about 91.7% below its 2021 high above $3 and warned that a drop below the $0.245 support could open the way to further declines toward $0.112 or $0.021.
ADA
ADA+2.69%
ETH
ETH+3.63%
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