ADA crashed more than 30% this week, and hit $0.16 for the first time since 2020. Bitcoin’s broader crypto meltdown dragged everything down, but Cardano’s fall came with its own flavor of panic – a founder’s public confession. Charles Hoskinson, the face of Cardano, now admits he is powerless to stop the ecosystem’s decline. That confession, made after another major project announced its shutdown, has revived a blunt question. Is Cardano dead for good, or is this just a brutal cycle low in the making?