Federal Reserve’s Interest Rate Decisions: The Federal Reserve's policies, especially regarding interest rates, significantly influence the crypto market.
Bitcoin Halving Event: The upcoming Bitcoin halving in April 2024 is expected to impact the crypto market, including Cardano.
US Economic Resilience and Liquidity: The resilience of the US economy and liquidity landscape affect investor confidence in cryptocurrencies like Cardano.
China’s Economic Performance: China's economic trends indirectly influence the crypto market by affecting global investment behaviors.
Regulatory Developments and Legal Victories: Regulatory clarity and legal victories, like those seen with Ripple and Grayscale, may mainstream cryptocurrencies.
Slow Development: Cardano's methodical development process frustrates investors seeking faster progress.
Limited Ecosystem: Compared to some rivals, Cardano's ecosystem of applications and DeFi protocols is relatively limited, hindering ADA token's growth.