Cardano's native token, ADA, has seen a 7% drop in its trading value, currently trading around $0.55.
This decline is parallel to the wider decrease in the crypto markets, with Bitcoin and Ethereum down 2% and 3% respectively.
Despite this, investors of ADA have little to worry about owing to Cardano's growing real-world use and expanding influence.
The platform has experienced robust growth in decentralised finance (DeFi).