CARDANO: THE CHAIN THAT WON'T DIE

Capitulation complete, Hydra scaling live, and governance turning on, either this the bottom that no one believes in or proof that fundamentals don't matter.

Cardano trades at $0.70, down 77% from its September 2021 all-time high of $3.16. January 29, 2025 marked a watershed: the Plomin hard fork enacted CIP-1694, delivering full on-chain governance with Constitutional Committee, DReps (Delegate Representatives), and SPO (Stake Pool Operator) voting. Any ADA holder can now submit and vote on protocol changes. This represents institutional-grade infrastructure—formal verification, peer-reviewed code, energy-efficient proof-of-stake—built for compliance-first capital allocation. Yet the market remains skeptical: DeFi TVL declining, social sentiment at extreme lows, no institutional adoption announcements. The question: Does methodical execution eventually attract institutional capital, or does speed and liquidity permanently trump governance and compliance?