Cardano (ADA) continues to be a prominent cryptocurrency, yet its market performance raises doubts among investors regarding its long-term viability. Even though ADA was recently included in a crypto stockpile proposal by President Trump, its onchain activity reveals significant shortcomings. The network's decentralized finance (DeFi) segment is considerably behind competitors like Ethereum and Solana, attracting minimal liquidity. As newer blockchains gain traction, the performance of Cardano may hinge on upcoming developments, including a potential ETF, which could influence its engagement and user activity in 2025.
Despite its prominence, ADA's performance leaves investors questioning its long-term prospects, as its decentralized finance (DeFi) adoption lags behind competitors.
Cardano's ecosystem struggles with liquidity, attracting only a fraction of the total value locked compared to Ethereum and Solana, prompting critics to label it a zombie.
Upcoming catalysts like a potential ADA ETF and involvement in Bitcoin’s DeFi ecosystem will be crucial for Cardano's future performance and engagement.
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