TLDR
- Cardano (ADA) trades at $0.41, down 70% from December 2024 highs and at its lowest level in over a year
- Charles Hoskinson says Cardano’s total value locked will surge after the Midnight project launches in December 2025
- Cardano community approved a $2 million treasury loan to fund tier-1 exchange listings for Cardano-native tokens
- Current TVL on Cardano sits at $186 million, down 36% in the past 30 days
- Technical analysis shows ADA in oversold territory with RSI below 30, suggesting possible rebound to $0.50
Cardano price continues to struggle in the current market downturn. ADA trades at $0.41, marking its lowest point in over a year.
The token has fallen 70% from its December 2024 highs. This performance makes it one of the worst-performing major cryptocurrencies in recent months.
Critics have called Cardano a “ghost chain” due to low network activity. When the network experienced a recent glitch, jokes circulated that nobody noticed because so few people use it.
Nansen’s CEO recently predicted that Cardano would fall out of the top 20 cryptocurrencies by market cap.
Treasury Loan Approval for Exchange Listings
The Cardano community recently voted to approve a $2 million treasury loan. The funds will help mature Cardano-native tokens secure listings on tier-1 exchanges.
The Snek Foundation proposed this plan. The loan structure requires repayment, creating a sustainable funding model.
This decision marks a departure from co-founder Charles Hoskinson’s position. He previously argued against using treasury funds for token listings, preferring direct investment in Cardano itself.
The exchange listing program aims to increase exposure for the Cardano ecosystem. Proponents believe this will create new demand touchpoints for ADA.
Midnight Launch Expected to Boost Network Activity
Charles Hoskinson recently addressed concerns about low network usage. He stated that Cardano’s total value locked will surge after the Midnight project launches.
Midnight and an upcoming RealFi project should grow Cardano's TVL to hundreds of millions!
"The existence of Midnight and the upcoming RealFi project alone should probably do that."@IOHK_Charles on his livestream. pic.twitter.com/InWaTuRMFj
— Cardanians (CRDN) (@Cardanians_io) November 24, 2025
Midnight is scheduled to go live in December 2025. According to Hoskinson, the project has secured partnerships with major crypto developers.
He expects these developers to drive significant TVL growth on both Midnight and Cardano. Hoskinson also teased an upcoming RealFi project that could accelerate network growth.
Current data shows Cardano’s TVL at $186 million. This represents a 36% decline over the past 30 days.
By comparison, Monad recently launched its mainnet and already approaches $100 million in TVL. Cardano holds less than $40 million in stablecoin supply.
The network has no market share in gaming or real-world asset sectors. These metrics highlight the challenges Cardano faces in attracting developers and users.
Technical indicators suggest a possible price rebound. The Relative Strength Index has moved below 30, entering oversold territory.
The daily chart shows ADA forming a falling wedge pattern. This pattern often precedes upward price movements.
ADA has dropped below the $0.5097 support level, where it previously formed a double-bottom pattern. Analysts identify $0.50 as a key demand zone that could confirm a sustained recovery.
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