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One of the most important months in Cardano's history begins. After entering a cycle where Bitcoin seems to be the only protagonist, things have looked quite promising for Cardano. They have officially completed the first bridgeless transfer with the Bitcoin network. The doors are open for an integration that could change everything. Just as Charles warned less than a week ago, throughout the month of May, possibly between the 27th and 29th, we will have one of the most decisive announcements for Cardano. In this announcement, they will reveal the details and steps of their collaboration with Bitcoin and everything it could mean for the project. A partnership that will open the door for Cardano to an ecosystem worth billions of dollars, with the potential to triple the value of Solana and Eirium combined.
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If we look at Coin Market Cap, the past few months, like most altcoins, haven't been very good for Cardano. Despite the recovery in recent weeks, in which the price has managed to rise 24% and return to above 0.7%, since breaking its cycle high on December 3, it has plummeted more than 50%, going from $0.33 to $0.67 at the time of recording this video. This figure is even higher than the 2025 lows we saw at the beginning of February and early April. At times when fears of a new recession and great uncertainty in the markets, as international tensions escalated, led to a sharp correction in Bitcoin, which was once again worse for altcoins, leading Cardano to test 0.5%.
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But the worst part hasn't been the drop in Bitcoin's price. If we analyze everything in general terms, while Bitcoin has fallen around 30%, Cardano has fallen by around 60%, which is also normal considering that these are higher-risk assets and suffer more in these times of uncertainty. However, what's truly worrying is seeing how, since the correction, while the price of Bitcoin has practically recovered from the drop and is currently less than $12,000 from its all-time high, altcoins have barely budged and continue to be devastated. In many cases, by more than 50%. This is by no means an isolated case. Rather, it's a situation that has spread to most projects. Bitcoin's dominance has continued to rise, now reaching 65%. To give you an idea of what this means, this is nothing more and nothing less than the highest level of dominance in the last four years, figures we haven't seen since January. 2021 before the last pull run, a situation that is becoming quite difficult for the holders of all these coins, who regret not having sold more when they could during the post-election rally. And now they have increasing doubts that this whole situation could change and we'll see altcoins resume their upward trend and outperform Bitcoin.
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On the other hand, if we take a general look at the on-chain logs, we have a situation quite similar to the one we explained the other day with Ethereum. However, with 2025 clearly showing a downward trend and less interest in most network metrics, it is that after the euphoria of December, where despite the price still being about $2 below 2021 levels, the growth of the network and especially its smart contracts led the network's TVL to skyrocket above 700 million, thus breaking its all-time high. However, it is important to keep in mind that in this case, unlike Tirium or Solana, we must be careful when analyzing and drawing conclusions from the TVL. Cardano, while it may seem like it is very top, having broken its all-time high in December, is a very good project. However, the reality is that, unlike other projects, it did not launch smart contracts until almost the end of 2021. In fact, this was its point of greatest euphoria and fomo. But also The most well-received was when, after Alonso's official launch, many investors' expectations weren't met and the price began to correct quite sharply, to the point where it hasn't even come close to $ again. For this reason, it's important to keep in mind that it's very positive that the TVL has continued to grow and reached its all-time high last December. But it can also be a bit misleading because we don't have records of the previous bullish cycle, which was when Cardano was at all-time highs. However, this also presents an opportunity since, as we've mentioned several times since the previous cycle, the evolution of this project, and especially its network, has been brutal. And for this reason, although it's not yet reflected in the price, I still think it's a very interesting project.
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Leaving this aside, if we continue with the metrics, just as was the case with Ethereum since its December peak, the TVL has dropped significantly, falling more than 50% to approximately 300 million at the time of writing this post. This situation has indeed been replicated in the rest of the metrics, such as the DEX volume, which has dropped from over 20 million in December to the current 2 million. Active addresses have also plummeted by nearly 50%, from 42,000 to the current 21,000. In general, this movement, as can be seen in the sentiment, reflects a greater disinterest among holders in altcoins. Ultimately, they are more concerned with surviving and making ends meet than being able to invest in coins like Cardano, which now have virtually no hope of rising. After reaching an all-time high almost four years ago, the market is still experiencing a significant decline. bull market
Big news coming for Cardano Starting with the good news First, before talking about the news, there's one that caught my attention and effectively reflects the team's work. Crypto news announced that Cardano had managed to surpass Ethereum in developer activity over the last year. Although it's true that this news hasn't been well received by the community either, it has provoked quite a bit of criticism from holders who are tired of these types of comparisons. According to the Crypto Methodus platform, the ecosystem founded by Charles has managed to reach 21,447 comics in the last 12 months. Another piece of quite positive news for Cardano has been the activity of its whales. As we have seen on many occasions when the price has been suffering, large Ada holders have taken advantage of these drops to accumulate large amounts and remain patient until its price rebounds. In fact, as the famous Twitter account Ali Charts explained in April, large holders and wallets with between 10 and 100 million Ada experienced a significant increase in their positions, which demonstrates great confidence on their part in the future of this project. This movement translated into more than 410 million Ada purchased by these giants during the month of April. Furthermore, this news aligns with the high expectations surrounding the possible approval of its ETF, since, as we have discussed on several occasions, Cardano is one of the altcoins that is waiting for its ETF is approved, and considering that it was one of the few that Trump included in his digital asset reserve in that announcement just over two months ago.
Well, this post is coming to an end. I hope you find all this information useful, but be aware: I am not a financial advisor. All content provided on my blog is for educational purposes only, based on my own success and personal experience. Act responsibly and intelligently when spending and investing your money.