Cardano Could Plunge 80% More As ‘Most Useless Network,’ Analyst Claims

Cardano is facing a fresh round of criticism after

Cardano Could Plunge 80% More As ‘Most Useless Network,’ Analyst Claims

Cardano Could Plunge 80% More As ‘Most Useless Network,’ Analyst Claims

Cardano is facing a fresh round of criticism after renowned crypto market analyst Ali Martinez, known on X as Ali Charts, argued that the network’s valuation remains badly out of step with actual usage. His thesis is blunt: unless adoption improves materially, ADA’s price could face far more downside if a key support level breaks.

ADA needs to break the $0.30 region, 1-week chart | Source: ADAUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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