Cardano’s Recovery Stalls, but TVL Growth Signals Could Spark Year-End Upside
NeutralCryptocurrency
- Cardano (ADA) is experiencing a challenging market phase, with its price around $0.41, reflecting a 70% decline from its December 2024 peak. Despite this, there is growing optimism ahead of the anticipated Midnight launch in December, which could signal a potential recovery for the blockchain.
- The current price drop and reduced total value locked (TVL) of $186 million, down 36% in 30 days, highlight significant liquidity issues within the Cardano ecosystem. This situation raises concerns about the network's stability and user confidence.
- The recent technical challenges, including a temporary chain split due to a software bug and a notable loss of liquidity, underscore ongoing vulnerabilities within Cardano's infrastructure. These issues have led to criticisms regarding its network activity and overall performance, contrasting with the upcoming Midnight launch that aims to enhance its ecosystem.
— via World Pulse Now AI Editorial System
