Cardano Faces Market Headwinds, But Future Projects Hopeful Outlook

Cardano (ADA) price has taken a significant hit amidst the ongoing crypto market downturn. While TVL has dropped substantially, with Cardano’s TVL down 36% in just a month to $186 million, its price remains at levels not seen since early 2023, hovering around $0.41. Despite this challenging landscape, Charles Hoskinson offers a glimmer of hope, citing the upcoming Midnight and RealFi projects as potential drivers for network growth and a resurgence in activity. He believes these projects will attract developers and users to boost Cardano’s overall TVL.