Cardano Price Slides 90% Below 2021 Peak as ₳70M Governance Budget is Approved

On 18 December 2025, Cardano's ADA fell about 6% in 24 hours and nearly 17% over the week, trading close to 90% under its $3.10 all-time high from 2021. Technical indicators show weak momentum and persistent selling, while a governance vote approved a ₳70 million Critical Integrations Budget that has yet to meaningfully improve market sentiment. The funding aims to boost interoperability and real-world use cases, but investors remain focused on whether development progress can eventually translate into price recovery.