Cardano's Market Capitalization Drops Significantly

Cardano's native token, ADA, has been struggling since its peak in 2021 when it briefly held a top-ten spot among cryptocurrencies by market capitalization.

The total crypto market cap peaked at approximately $90 billion during that time, but has since declined to around $6.2 billion, with ADA's price dropping more than 94% from its all-time high of $3.09 in September 2021.