Cardano (ADA) price has faced downward pressure this week, after a significant surge last week. Following two consecutive days of decline, ADA fell to its weekly low of $0.670, dropping nearly 10% from its recent peak. Despite the recent dip, Cardano is attracting increased interest from long-term investors, even as it remains 50% below its November 2021 high. The latest data shows a net increase in staked ADA of $215 million, attributed to significant activity on April 30th with 160 million ADA tokens being added. This brings the Cardano staking ratio to a substantial 60.65%, surpassing Ethereum (ETH) at 28% and Tron (TRX) at 42%. A higher staking ratio indicates greater investor confidence in long-term growth.