Cardano risks 50–80% drop if $0.245 support breaks

Ali Martinez warns on Cardano (ADA): if $0.245 support breaks, he sees room to $0.112–$0.051. He says valuation outpaces usage. Source: X post.

He calls Cardano “the most useless network.” His point: big market cap, small onchain activity. Post.

Key data and levels:
- DeFi TVL never topped $1B on Cardano, per Martinez. Newer chains like SUI have surpassed it in usage, he adds. Post NewsBTC on SUI
- He contrasts Ethereum’s DeFi dominance with Cardano’s weaker pull for users and apps. NewsBTC on Ethereum DeFi Post
- He says Solana captured high-speed consumer apps, while Cardano “lacks a clear use case.” NewsBTC on Solana Post
- Development pace is slower by design, he argues. Smart contracts arrived only in 2021. Post
- Critical levels: support at $0.245; downside targets $0.112 and $0.051 if it breaks. He notes the breakdown “has not yet occurred.” Post

Headline: Ali Martinez flags $0.245 for ADA, warns of 50–80% downside if it fails