{"id":8206,"date":"2025-11-15T05:11:18","date_gmt":"2025-11-15T05:11:18","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/forget-the-obituaries-cardano-is-alive-says-bitcoin-analyst\/"},"modified":"2025-11-15T05:11:18","modified_gmt":"2025-11-15T05:11:18","slug":"forget-the-obituaries-cardano-is-alive-says-bitcoin-analyst","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/forget-the-obituaries-cardano-is-alive-says-bitcoin-analyst\/","title":{"rendered":"Forget The Obituaries\u2014Cardano Is Alive, Says Bitcoin Analyst"},"content":{"rendered":"

Widely followed Bitcoin figure Lark Davis pushed back on suggestions that Cardano is finished, saying, \u201cwhat is dead can never die.\u201d At the same time, he pointed out that on-chain activity looks flat.<\/p>\n

Cardano (ADA)<\/a> was trading at $0.51, down 8.8% in the past 24 hours, and it holds a market cap of $18.8 billion. That is the context for a larger question now being asked across crypto circles: can community and hype move a token more than real network use?<\/p>\n

On-Chain Activity Shows Little Movement<\/h2>\n

Davis admits that user activity is low and DEX volume is thin. Development updates are limited, daily revenue is weak, and stablecoins barely register on the chain.<\/p>\n

He made his point with humor too, joking that Cardano\u2019s founder Charles Hoskinson has \u201ca beard worth $25 billion.\u201d But the main claim was serious: the chain\u2019s raw on-chain metrics don\u2019t look strong right now.<\/p>\n

\n

Is Cardano $ADA<\/a> dead?<\/p>\n

Here’s my take. \"\u2935\" pic.twitter.com\/oGnVuQuy9N<\/a><\/p>\n

\u2014 Lark Davis (@TheCryptoLark) November 12, 2025<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

Community Strength And Brand Can Still Drive Prices<\/h2>\n

Based on reports, Davis argued that numbers don\u2019t tell the whole story in crypto. He compared Cardano to XRP<\/a> and noted that a token can have a big market cap despite questions over intrinsic use; XRP once reached about $150 billion in market value.<\/p>\n

According to Davis, old buyers can return and push a token higher even when network use is low. That is part of why some traders treat certain assets as almost cult-like. Sentiment matters, but momentum matters more than steady on-chain growth in many cases.<\/p>\n

\"\"<\/p>\n

Technical Signals Point To A Narrow Upside If Key Levels Break<\/p>\n

TradingView analyst \u201cAltcoinPiooners\u201d has highlighted recent price action and a possible shift in market pressure. Reports show ADA tested support at $0.53 after hitting $0.60 on November 11 and falling the next day.<\/p>\n

Analysts See A Clear Path, But Risks Remain<\/p>\n

According to the analyst, ADA could move to $0.62 and then to $0.65 if $0.60 is cleared, a move that would equal more than a 16% gain from current levels.<\/p>\n

<\/p>\n

Reports also revealed that Cardano whales added 348 million ADA over four days while the price dipped below $0.50 recently. On the flip side, a failure at support could send ADA down toward $0.52. That risk was flagged by the same analyst.<\/p>\n

Although the debate around weak usage continues, reports have stressed that Cardano is far from dead. The project still commands a loyal base, steady interest from long-time holders, and a market cap in the billions.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Widely followed Bitcoin figure Lark Davis pushed back on suggestions that Cardano is finished, saying, \u201cwhat is dead can never die.\u201d At the same time, he pointed out that on-chain activity looks flat. Cardano (ADA) was trading at $0.51, down 8.8% in the past 24 hours, and it holds a market cap of $18.8 billion.…<\/p>\n","protected":false},"author":1,"featured_media":8207,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[219],"tags":[183,220,98,65,73,70,185,19,3675],"class_list":["post-8206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-ada","tag-altcoin","tag-altcoins","tag-bitcoin","tag-btc","tag-btcusd","tag-cardano","tag-crypto","tag-lark-davis"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=8206"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/8207"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=8206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=8206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=8206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}