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Cardano down 92 percent but crypto researcher says it is not a dead asset

A crypto researcher said Cardano’s key challenge is securing network usage commensurate with its market value, rather than its technology. He pointed to a wide gap between Cardano’s valuation and real economic activity, noting its low DeFi total value locked versus its market capitalisation. He cited USDCx as a way to boost liquidity, welcomed governance changes and scalability efforts, and said the treasury must translate into users, liquidity, activity and applications.