Cardano (CRYPTO: ADA) price retreated for the fourth consecutive weeks and reached a record low, continuing a downward spiral that started in September 2021 when it peaked at $3.08.
It dropped to $0.1608, with its market capitalization falling from a record high of $91 billion to $5.8 billion today.
Cardano Price Has Crashed Amid Ghost Chain Status ADA price has sunk in the past few years, erasing over $85 billion in value, and making it one of the top disappointments in the crypto industry.
Cardano, which Charles Hoskinson created, became a popular name in the crypto industry during the first major crypto bull run in 2021.
Its popularity was mostly due to Hoskinson, an Ethereum (CRYPTO: ETH) co-founder, which helped validate its promise.
