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Cardano's ADA hits five-year lows amid DeFi struggles and market sell-offs

Market News
05 Jun 2026
Zycrypto
View Source
Bearish
Cardano's ADA hits five-year lows amid DeFi struggles and market sell-offs

Cardano's ADA cryptocurrency has plunged to its lowest price since 2021, trading at $0.18 after losing nearly 73% of its value in 12 months. The decline is driven by failing decentralized finance (DeFi) tools and broad market liquidations affecting altcoins. Founder Charles Hoskinson highlighted the high costs of maintaining infrastructure and called for more community support and treasury spending to revive the ecosystem. The wider crypto market, including Bitcoin, Ethereum, and XRP, is also experiencing setbacks, signaling ongoing challenges ahead.

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