Cardano’s native token ADA has experienced setbacks due to the SEC lawsuit and delistings on U.S.-based trading apps. However, the Cardano network has been progressing with increased decentralized finance (DeFi) activity after a scalability upgrade. Despite challenges, Cardano’s DeFi ecosystem has seen an uptick in activity, with increased total fees and ADA deposits. The Hydra upgrade has enhanced the network’s throughput and decentralization. ADA’s price analysis suggests a potential for recovery, with signs of buyer interest and the possibility of price bounces. Despite obstacles, Cardano aims to regain momentum and attract investors. However, it’s important to note that crypto investments carry risks and readers should seek expert advice before making any investments.

AI Sentiment: Negative