FeesSafety
Pluang+

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

Market News
06 Jun 2026, 00:01 WIB
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.

More News (ADA)

Cardano futures open interest rises 5.4% to $395M despite price falling below $0.175

Cardano futures open interest rises 5.4% to $395M despite price falling below $0.175

Cardano's open interest in futures increased by 5.42% to $395.09 million even as its price dropped below $0.175 on November 11, 2026. This rise in futures positions amid a falling price suggests increased market volatility and risk of sharp price swi...

Technical Signals
Bearish
11 hours ago
Cardano's Node 11.2 upgrade live; 57% of ADA staked, but holders face losses amid steady price decline.

Cardano's Node 11.2 upgrade live; 57% of ADA staked, but holders face losses amid steady price decline.

Cardano's Node 11.2 upgrade has launched on the mainnet, introducing core features requiring operators to upgrade. Coinbase data shows 57% of ADA supply is staked, indicating strong holder conviction and network resilience. Despite this, both short- ...

Protocol Fundamentals
Neutral
1 day ago
Cardano-backed system to secure police evidence in India seeks 9.6M ADA funding for expansion.

Cardano-backed system to secure police evidence in India seeks 9.6M ADA funding for expansion.

Cardano is supporting Trivolve Tech's plan to expand its blockchain-based Police Force Management System (PFMS) across Telangana, India, to secure criminal evidence records through all stages of police and judicial processes. The system, already used...

Protocol Fundamentals
Bullish
1 day ago
Cardano (ADA) futures show mixed signals with negative funding but majority long positions amid price drop.

Cardano (ADA) futures show mixed signals with negative funding but majority long positions amid price drop.

Cardano (ADA) perpetual futures displayed mixed signals as of Nov. 9, with negative funding rates on most exchanges but about 65% of Binance ADA perpetual accounts holding long positions. Negative funding means short sellers pay long holders, reflect...

Technical Signals
Bearish
1 day ago
Cardano (ADA) nears key support zone signaling potential price reversal amid market losses.

Cardano (ADA) nears key support zone signaling potential price reversal amid market losses.

Cardano (ADA) has dropped 28% in the last 30 days and is approaching a critical support zone between $0.166 and $0.171, which aligns with key technical indicators like the Bollinger Band midline and Fibonacci retracement levels. A strong bounce from ...

Neutral
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App