Cardano (ADA) Faces Declining Network Activity, Price Drops Below $0.8
Cardano (ADA) has sharply declined, falling below $0.8 amid weakening network activity and reduced demand. Over the past month, Cardano news revealed that ADA has lost more than 25% of its value, with a 5.7% drop from its intraday high of $0.77. The falling trading volume on Cardano’s decentralized exchanges (DEX) highlights this downward trend, dropping from $31.3 million in December to just $2.7 million in February. Additionally, active addresses have plummeted from 113,500 in late November to 25,900, weakening investor confidence.