Is there still hope for Cardano?

[Abiky]

I see that time keeps moving, but Cardano's prices remain stagnant. In fact, it's much cheaper than it was over a year ago. Far below its last-recorded ATH of over $3 per coin. Perhaps, this has to do with the fact that Cardano's development progress has been slow compared to other coins. Since there's not much traction for ADA, does it mean it's bound to die soon?

What do you think? Any hopes for the coin? Or is it none other than a failed experiment? Your input would be greatly appreciated. Thanks.

[TastyChillySauce00]

The founder Charles Hoskinson is taking a break and said that this year has been the most difficult year he has ever been through developing Cardano even when we're only halfway and said pumping price was never his job.
I won't have high expectation for Cardano, but I won't blame him either. Sonic, which I consider as same old project as Cardano got their core member resigned recently. It's overall a difficult year for them.

[_act_]

ADA was one of the coins that did not make it up to all time high in the 2024 and 2025 bull market, but I see what is happening to many coins like shiba inu, litecoin and many other ones to be happening to the coin. ADA can increase 10x again, but because it dipped much more during bull market, it will not get to all-time high. This may happen again in the next bull market. Expect at least 5x to 10x but do not expect all time high.

[Minor Miner]

In the altcoin market, ETH is the most reliable. The rest are mostly experimental, and given that they are experiments, their failure is not particularly surprising

Overall,  the crypto industry hasnt even been around for two decades. They are only in the early stages of development.  Therefore, not only ADA but all altcoin carry risk,  and their future remains highly uncertain. Therefore, it may be better to view them as a form of gambling rather than a serious long term investment.

[Freeveto]

ADA is among the altcoins I have in my list to invest in because it has its own chain, but seeing how the market it right now or even in the past five years, I can see that when some altcoins hits back their all time high, ADA was left behind, and checking from coingeko now, it has been 73% down in one year back, and seeing how it is not more responding in the market, it is very risky to trust the project now.

[Dunamisx]

Maybe before we can see coins like ADA performing as before will have to be during the altcoin season, for now the overall performance is to many altcoins have dropped because we are not in their season, so I may say that we can give it a second trial by buying when the market is low and trying to hold until the season arrives, but it's such a coin that has a future promising to rise and make us profitable because I've also invested in it before.

[asriloni]

ADA is a failed experiment. This basically a project that is putting everything to its tech instead of focus about how to be a profitable business. It's also being used just to extract people who believe ADA can be the future.

Does it make sense for a blockchain with 7b FDV to have even less than 100m TVL on it? It also generates almost zero revenue from its blockchain.

So this kind of blockchain won't be sustain forever. There will be a time when ADA can't keep to operate due to the operational cost. We're slowly, but surely reaching that moment in the future.

The onchain metrics have said it all. It's disappointed if there will still people who keep denial to believe ADA is the future.

[MAAManda]

Finally they got their turn, I think with the current conditions, it's almost certain that this project will be abandoned by retail investors. Recently, a wave of falling prices occurred after Hoskinson said he would take a break on his X.

Image Source: CoinDesk

Failed conference event, want to take a break, then what's next, perhaps retail investors who still believe in Cardano (ADA) will wear the same costume as Hoskinson is wearing in the image above.

[The Cryptovator]

I see that time keeps moving, but Cardano's prices remain stagnant. In fact, it's much cheaper than it was over a year ago. Far below its last-recorded ATH of over $3 per coin. Perhaps, this has to do with the fact that Cardano's development progress has been slow compared to other coins. Since there's not much traction for ADA, does it mean it's bound to die soon?

What do you think? Any hopes for the coin? Or is it none other than a failed experiment? Your input would be greatly appreciated. Thanks.

I am not sure and can't remember the reference, but I heard that one of the venture capital firms withdrew their investment from Cardano. After that news we have noticed a significant dump on the ADA. So investing in ADA right now is quite risky unless it moves positively. It's true the current bottom would be the real bottom as well, but nothing is sure.

To be honest, I don't have much hope for the rebound, although everything is possible in crypto. But if you intend to invest in ADA, then I will advise investing with caution. I have learned a lesson from ARB. Check the chart; it's kind of bottomed out right now, and my average buy price is about $1.25, but still, I believe it will recover. But likely I won't invest in ADA right now due to its current condition, although ADA is still one of my favorite coins.

[OmegaStarScream]

I agree with the above user saying that it's a failed experiment.

The reality is that nobody uses ADA. Can we see it back at its all time high? I highly doubt it.
How did it keep its price in the TOP 10 coins for the last years? I cannot explain it, but I also cannot explain how some memecoins reaches that level either. It's just crypto I guess.

The only reason people had faith in it, is probably because of Charles background being one of the Ethereum's co-founders but even that does not help as hype in the long run when you have no one building or using the chain. His latest statements certainly didn't help either in my opinion.

[Iranus]

Maybe before we can see coins like ADA performing as before will have to be during the altcoin season, for now the overall performance is to many altcoins have dropped because we are not in their season, so I may say that we can give it a second trial by buying when the market is low and trying to hold until the season arrives, but it's such a coin that has a future promising to rise and make us profitable because I've also invested in it before.

Not all altcoin will recover and grow when altcoin season arrives.

Only projects with strong fundamentals and the ability to continue attracting new capital have a real chance of making a strong recovery. The remaining altcoin may never return to their previous peak or may even disappear over time.

As for ADA, I'm not very optimistic about it. The market is not lacking better alternatives, so I would stay away from it.

[henmark]

Maybe before we can see coins like ADA performing as before will have to be during the altcoin season,

But what about before when ADA was performing well, does it happen too during the altcoin season? There may only be a co incidence but if not, altcoin season is like a savior for these old coins that became stagnant and seem forgotten now by the majority.

for now the overall performance is to many altcoins have dropped because we are not in their season, so I may say that we can give it a second trial by buying when the market is low and trying to hold until the season arrives, but it's such a coin that has a future promising to rise and make us profitable because I've also invested in it before.

Even if we are not on the alt season, an altcoin can still perform well if they got what it takes like they have a utility and then their team are not tired of giving updates and promotions about them. This sounds too good to be true now, which is why projects like this are not that noticeable. It is only a second trial mate if something have failed you before because it seems you still invest on a good project. It is still hard to trust those that ones that already fail us before though, especially that it was a pain in the ass to earn money.