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The chart displays the reality about Cardano. Prices are back to 2018 levels and heading lower. When the entire business model of a network is based on botnet marketing full of false hope, hype, and extraordinary announcements, this happens. Something similar is happening to every other network that used the same hype-driven advertising, and slowly falls into irrelevancy after a few years. The examples are countless. IOTA, Tezos, Kaspa, Nano... Actually I can't even remember the names of all these hyped up projects that ended up in obscurity today. Sure it's all great to push the price into orbit, but when you fail to attract real users this is the outcome. Charles Hoskinson has been selling total BS for years for the most part. He had some good ideas but the price pump took over and ideas remained unmaterialized. There's also a company behind Cardano, marking it as centralized as Ripple, thus I never did care about it anyway. Cardano keeps the exact same strategy of excessive FOMO as 2017 during bull cycles, but the hype does not last and it's about to massively fail. It feels that Cardano will follow the rest hype-tokens into irrelevancy and will only lose interest and positions in market cap.

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