Is Cardano Dying? ADA Price Crashes to New Low and Founder Abandons Project

Source: International Business Times

ADA just hit a 5-year low, down 90% from its peak IBTimes US Cardano is trading near $0. 166, its lowest level since December 2020 and down roughly 42% in a single month. That print effectively unwound the entire speculative premium from Cardano's Alonzo-era rally, leaving ADA about 95% below its 2021 all-time high of $3.