Cardano’s native token ADA is changing hands near $0.27, a steep fall from its September 2021 all-time high of $3.10, marking a decline of roughly 90%.
Despite the prolonged slump, Cardano founder Charles Hoskinson has publicly rejected suggestions that the project is fading from relevance.
Speaking during a recent podcast appearance, Hoskinson adopted a defiant tone to counter growing doubts surrounding the network’s future.
"Remains in the race and fights for everything,"
Charles Hoskinson said.
His remarks come at a time when confidence in ADA has weakened, with many traders questioning whether the asset can regain former momentum.
Hoskinson pointed to forthcoming protocol upgrades as a key driver that could shift sentiment and restore long-term growth prospects.
He also highlighted new strategic partnerships currently being finalised, signalling that development activity continues behind the scenes.
Central to his recovery narrative is the planned launch of the Midnight Network, a sidechain designed to enhance data privacy within the Cardano ecosystem.