Cardano (ADA) continued its downward slide on Monday, falling over 5% to trade around $0.57, extending last week\u2019s 10% decline.<\/p>\n
Related Reading: XRP\u2019s Next Earthquake: Billions Set To Flow In, \u2018Supply Shock\u2019 Coming\u2014Analyst<\/a><\/p>\n Market data from CoinGlass<\/a> shows trader sentiment turning increasingly bearish, with ADA\u2019s long-to-short ratio at 0.75, the lowest this month. The metric indicates that more traders are betting on further declines.<\/p>\n On-chain data mirrors this negative outlook. According to Santiment, daily active addresses on the Cardano network dropped from 32,115 in mid-October to 24,280 on November 3, signaling reduced demand and declining engagement.<\/p>\n Technical indicators also reflect weakness. ADA\u2019s RSI sits at 32, deep in bearish territory, while the MACD histogram shows fading bullish momentum. Analysts warn that a sustained move below $0.55 could open the door to deeper corrections toward the $0.49 support zone.<\/p>\n\n As prices decline, Cardano<\/a> founder Charles Hoskinson has reignited debate over the network\u2019s DeFi performance.<\/p>\n In his latest podcast, Hoskinson criticized the ADA community for its limited participation in decentralized finance platforms, asserting that Cardano\u2019s total value locked (TVL) could easily reach $5\u201310 billion if users embraced native DeFi protocols.<\/p>\n He stated, \u201cIt\u2019s not a technology problem. It\u2019s a problem of governance, coordination, and accountability.\u201d Despite over 1.3 million ADA holders staking on the network, few engage with DeFi apps, leading to stagnation.<\/p>\n Current TVL stands at $271 million, far behind Ethereum\u2019s $85 billion and Solana\u2019s $11 billion. Hoskinson argued that without community adoption, attracting users from other ecosystems would remain difficult.<\/p>\n Despite its sluggish DeFi performance, Cardano remains one of the most active blockchains by development activity, outperforming Ethereum and Solana in late October, per Santiment data.<\/p>\n Projects like Midnight<\/a> and RealFi<\/a> aim to link Cardano with Bitcoin liquidity and real-world lending markets, potentially unlocking billions in capital inflows.<\/p>\nHoskinson: \u201cIt\u2019s Not a Technology Problem, It\u2019s a Coordination Problem\u201d<\/strong><\/h2>\n
Cardano (ADA) DeFi Integration and Institutional Accumulation Offer Hope<\/strong><\/h2>\n