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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
pluang ai news

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.

More News (ADA)

Cardano Foundation joins UNDP to launch 2026 SDG Blockchain Accelerator for global development solutions

Cardano Foundation joins UNDP to launch 2026 SDG Blockchain Accelerator for global development solutions

The Cardano Foundation is partnering with the United Nations Development Programme (UNDP) to run the 2026 SDG Blockchain Accelerator, aiming to develop blockchain-based solutions for global challenges. Applications open from July to September 2026, w...

Protocol Fundamentals
Bullish
8 hours ago
Cardano aims for 1 billion users by improving blockchain scalability and usability with Hydra and Ouroboros Leios.

Cardano aims for 1 billion users by improving blockchain scalability and usability with Hydra and Ouroboros Leios.

Cardano is targeting global adoption by enhancing its blockchain's scalability and user experience through the Hydra and Ouroboros Leios protocols. Hydra has entered its adoption phase, enabling faster trading and micropayments, while Ouroboros Leios...

Protocol Fundamentals
Bullish
12 hours ago
Bitcoin nears $76,337 and Ethereum $2,370 as traders eye key 200-day moving averages this weekend.

Bitcoin nears $76,337 and Ethereum $2,370 as traders eye key 200-day moving averages this weekend.

Bitcoin has risen 8.9% to $76,337 and Ethereum 5.6% to $2,370, with traders focusing on their 200-day moving averages as key support or resistance levels. Bitcoin dominance remains high at 59.3%, influencing selective altcoin gains like XRP and ADA. ...

Technical Signals
Neutral
12 hours ago
Cryptocurrency prices rise sharply with Bitcoin up over 6% and Ethereum nearly 11%.

Cryptocurrency prices rise sharply with Bitcoin up over 6% and Ethereum nearly 11%.

Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...

Market News
Bullish
1 day ago
XRP, Stellar, and Algorand lead government-backed crypto infrastructure for digital payments and assets.

XRP, Stellar, and Algorand lead government-backed crypto infrastructure for digital payments and assets.

XRP, Stellar (XLM), and Algorand (ALGO) are emerging as key blockchain networks aligned with government digital currency initiatives, focusing on improving payments, settlements, and asset transfers. These projects support national digital currency p...

Market News
Bullish
1 day ago
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