Cardano (ADA) has faced a significant decline, with its value dropping by 85% since its peak in September 2021. Despite promising upgrades, ADA has struggled to keep momentum. Crypto influencer Ben Armstrong attributes this to better liquidity in other chains, attracting more usage and institutional money. Cardano's ecosystem is expanding, but its number of dApps and smart contracts pales in comparison to competitors like Ethereum and Binance Smart Chain. Its total value locked (TVL) also reflects a struggle to attract substantial DeFi activity. Will Cardano recover, or is it on a downward spiral? Share your thoughts below! 📉🤔