Cardano’s (ADA) price has experienced a notable downturn since early 2025, with recent falls pushing it below $0.65. Market analysts attribute this to a confluence of factors, including Grayscale’s delayed ADA ETF filing and the broader cryptocurrency market slump. Despite these challenges, Cardano remains attractive to institutions due to its unique features – interoperability capabilities that allow it to connect with other blockchain networks. This has led to increased institutional interest in the cryptocurrency, further bolstering its credibility. However, competition from established blockchains like Solana and XRP remains a hurdle for Cardano’s growth. Achieving broader adoption and maintaining technological advancements are critical for Cardano’s success.