{"id":44578,"date":"2026-05-23T17:23:13","date_gmt":"2026-05-23T17:23:13","guid":{"rendered":"https:\/\/cryptd.in\/is-cardano-the-most-overvalued-crypto-project-analysts-debate-as-ada-dumps\/"},"modified":"2026-05-23T17:23:13","modified_gmt":"2026-05-23T17:23:13","slug":"is-cardano-the-most-overvalued-crypto-project-analysts-debate-as-ada-dumps","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ko\/is-cardano-the-most-overvalued-crypto-project-analysts-debate-as-ada-dumps\/","title":{"rendered":"Is Cardano the Most Overvalued Crypto Project? Analysts Debate as ADA Dumps"},"content":{"rendered":"

Cardano\u2019s development began just over a decade ago, but it took a couple of years for the actual launch. Arguably, the even more important release of smart contracts, though, came in 2021 after the highly debated Alonzo upgrade.<\/p>\n

Its native token has become a fan favorite among many crypto investors, but there are also a substantial number of doubters and critics.<\/p>\n

Most Overvalued Network?<\/h2>\n

Satoshi Flipper, one of the most recognizable names on Crypto X with over 240,000 followers, shared<\/a> another analyst\u2019s viewpoint on the Charles Hoskinson-founded network with the caption, \u201cIs Cardano the most overvalued blockchain on the planet?\u201d<\/p>\n

The underlying analysis questions the performance of the blockchain. It cited a DeFi total value locked (TVL) number of just $128 million, which is exactly what DeFiLlama shows as of press time, as well as 24-hour DEX trading volume of just $1.3 million, $26 million worth of stablecoins on top of it, and approximately 17k active addresses.<\/p>\n

Eye Zen Hour described this as an \u201cincredibly small on-chain economy relative to valuation.\u201d The valuation itself is a $9 billion market cap for Cardano\u2019s native token, which, despite its massive decline since its peak (to be discussed later), is still a top 15 altcoin by that metric.<\/p>\n

Consequently, Zen Hour concluded that the market will eventually have to make an important decision on Cardano and ADA, whether it\u2019s valuing an ecosystem or \u201cjust a memory from prior cycles.\u201d<\/p>\n

\n

Cardano has a $9B market cap<\/p>\n

I\u2019m not joking when I say I don\u2019t know a single real person active on Cardano. I don\u2019t know many holding $ADA<\/a><\/p>\n

The chain\u2019s numbers are a bit scary:
\n> TVL: $128M
\n> 24H DEX vol: $1.3M
\n> Stablecoins: $26M
\n> ~17K active addresses<\/p>\n

That\u2019s an incredibly\u2026 pic.twitter.com\/BWhn3fzQzZ<\/a><\/p>\n

\u2014 eye zen hour \"\ud83e\udd76\" (@eyezenhour) May 23, 2026<\/a><\/p>\n<\/blockquote>\n

ADA\u2019s Memory From Past Cycles<\/h2>\n

The aforementioned Alonzo update coincided with ADA\u2019s most impressive price surge in Q3, 2021. At the time, the token was riding high alongside the rest of the market and charted a new all-time high of just over $3. However, it turned out to be a classic sell-the-news event, and ADA has been unable to recapture its former glory.<\/p>\n

In fact, it hasn\u2019t even come close. During the 2025 market-wide rally, bitcoin, as well as many altcoins, managed to post new peaks. However, ADA\u2019s high was far from its 2021 record as it couldn\u2019t break past $1.3. It currently struggles below $0.25, which represents a mind-blowing decline of over 92% since its 2021 ATH.<\/p>\n

Although almost all crypto assets have slumped since last October, ADA\u2019s crash has been more than just a correction, and being 92% away from its record doesn\u2019t sound too promising for its vast community.<\/p>\n

\uac8c\uc2dc\ubb3c Is Cardano the Most Overvalued Crypto Project? Analysts Debate as ADA Dumps<\/a> \uc5d0 \ucc98\uc74c \ub4f1\uc7a5 \ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano\u2019s development began just over a decade ago, but it took a couple of years for the actual launch. Arguably, the even more important release of smart contracts, though, came in 2021 after the highly debated Alonzo upgrade. Its native token has become a fan favorite among many crypto investors, but there are also a […]<\/p>\n","protected":false},"author":1,"featured_media":44580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-44578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nIs Cardano the Most Overvalued Crypto Project? 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