#CardanoSurge
Cardano remains entrenched in a prolonged bear market, having shed more than half its value since its peak in November last year.
On April 16, ADA fell to $0.615, reflecting the broader trend among major layer-1 tokens like Avalanche (AVAX) and Solana (SOL), which also saw similar declines. Despite this, Cardano continues to trade far below its all-time high of $3.10.
Two key factors have hindered Cardano's ability to reclaim previous highs. First, even though Bitcoin (BTC) reached a new all-time high earlier this year, many prominent altcoins—including Cardano—have lagged behind.
Second, Cardano has struggled to attract developer interest compared to other layer-1 and layer-2 platforms. This limited development activity has led to its reputation as a “ghost chain.” According to DeFi Llama, Cardano’s total value locked (TVL) is around $300 million—less than newer networks like Binance Smart Chain, Aptos, and Sonic.
However, a potentially bullish development for Cardano is its upcoming integration with BitcoinOS. This integration will utilize zero-knowledge cryptography, allowing Bitcoin holders to earn passive income directly.
By leveraging zero-knowledge proofs, the system eliminates the need for traditional intermediaries, which are often inefficient. Cardano founder Charles Hoskinson believes full integration with Bitcoin could inject billions into Cardano’s ecosystem.