{"id":16427,"date":"2025-11-22T12:26:09","date_gmt":"2025-11-22T12:26:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-risks-30-crash-as-crypto-ceo-makes-a-dire-prediction\/"},"modified":"2025-11-22T12:26:15","modified_gmt":"2025-11-22T12:26:15","slug":"cardano-price-risks-30-crash-as-crypto-ceo-makes-a-dire-prediction","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-risks-30-crash-as-crypto-ceo-makes-a-dire-prediction\/","title":{"rendered":"Cardano price risks 30% crash as crypto CEO makes a dire prediction"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Cardano price has crashed by over 67% from its highest point in 2024 and is at risk of further downside as weak technicals coincide with its relatively weak fundamentals.\u00a0<\/p>\n<div id=\"cn-block-summary-block_ec170d4b124090ebc0f12376e28ad19e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Cardano price has crashed by over 67% from its November high.<\/li>\n<li>Nansen CEO believes that the ADA will drop from the top 20.<\/li>\n<li>Technical analysis points to more downside in the near term.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Cardano (ADA), one of the biggest players in the crypto industry, was trading at $0.40 on Saturday as it continued its recent sell-off.<\/p>\n<p>The decline was mostly because of the ongoing crypto market crash<strong> <\/strong>and its weak fundamentals. In a notable statement,\u00a0 Alex Svanevik, the founder and CEO of Nansen, warned that the coin would plunge and move from the top 20 of the biggest coins.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cardano will fall out of top 20 in 2026.<\/p>\n<p>It&#8217;s a total ghostchain. No-one uses it.<\/p>\n<p>Even price performance has been abysmal: peak couldn&#8217;t even reach -50% vs peak in 2021.<\/p>\n<p>Hyperliquid, Monad, Zcash will all flip it next year. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/A8PpolayiQ\">pic.twitter.com\/A8PpolayiQ<\/a><\/p>\n<p>\u2014 Alex Svanevik \ud83d\udc27 (@ASvanevik) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ASvanevik\/status\/1991324354861494741?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 20, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Svanevik pointed to the fact that Cardano is a ghost chain that no one uses. Indeed, third-party data shows that Cardano\u2019s ecosystem is not growing despite Charles Hoskinson\u2019s hype.\u00a0<\/p>\n<p>Cardano has a limited role in the decentralized finance industry, where popular chains like Ethereum, Solana, and BNB Smart Chain have passed it. Its total value locked is ~$230 million, a tiny amount for a crypto project with a market cap of over $10 billion.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Cardano has a limited market share in the stablecoin industry, where its supply stands at just $35 million. It has no share in the Real-World Asset tokenization and the non-fungible token industry.\u00a0<\/p>\n<p>These events likely explains why Cardano has not had any institutional embrace. For example, only Grayscale has applied for an ADA ETF. In contrast, other popular coins like Solana and XRP have attracted substantial applications.<\/p>\n<p>Cardano is betting on three major upgrades. It is working on Hydra, a layer-2 scaling solution that will enable zero-fee transactions. Cardano is also working on Leios that redesigns the consensus protocol, and Midnight, its zero-knowledge sidechain.<\/p>\n<h2 class=\"wp-block-heading\">Cardano price technicals points to more downside<\/h2>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">ADA price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The three-day chart shows that the ADA price has been in a strong downward trend in the past few months. It has plunged from a high of $1.093 to the current $0.400, its lowest point since November last year.\u00a0<\/p>\n<p>It has moved below the important support at $0.5132, its lowest level in April and June this year. The coin has formed a mini death cross pattern as the 50-day and 100-day moving averages crossed each other.\u00a0<\/p>\n<p>The Average Directional Index has jumped to 36, a sign that the downtrend is accelerating. Also, the Relative Strength Index has moved to the oversold level.\u00a0<\/p>\n<p>Therefore, the most likely Cardano price prediction is bearish, with the next key target being at $0.2760, its lowest level in August last year. This target is about 30% below the current level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price has crashed by over 67% from its highest point in 2024 and is at risk of further downside as weak technicals coincide with its relatively weak fundamentals.\u00a0 Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16427"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16427\/revisions"}],"predecessor-version":[{"id":16428,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16427\/revisions\/16428"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1322"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}