Cardano Social Dominance Hits 0.52% as ADA Dips Below $0.16 and Activity Jumps

Cardano drew outsized attention after ADA briefly slipped under $0.16 for the first time since December 2020, while social chatter and on-chain usage spiked. Social dominance rose to about 0.52% and daily active addresses reached 28,459, as debate turned largely bearish following Charles Hoskinson's warning about potential ecosystem failures and his decision to "take a break."