According to Santiment, Cardano is exhibiting signs that suggest it may be nearing a low point. They reported a 43% decrease in active wallets’ investments over the last year, and the price of ADA has fallen over 70% since September.
The analysts also pointed out that this very low MVRV ratio often suggests ADA is currently undervalued and presents a good buying opportunity.
As a researcher, I’ve been studying market cycles, and we’ve observed a pattern: when average returns dip significantly into negative territory, it often signals an upcoming market recovery. Our data consistently shows that, across all timeframes, coins tend to average around 0% on MVRV metrics during these turning points. This suggests that deeply negative returns can actually be a leading indicator of a potential rebound.
When other traders are losing a lot of money, experienced investors often see this as a good opportunity because the risk of buying more is reduced.
Cardano Sentiment Crushed
To make matters worse, Cardano is seeing a surge in traders betting the price will fall on Binance. In fact, the ratio of short to long positions is the highest it’s been since June 2023, suggesting widespread expectation of further price drops.
They believe this situation represents a classic buying opportunity, noting that funding rates often cause liquidations, driving prices in the opposite direction of what most traders anticipate.
Cardano (ADA) used to be among the ten most valuable cryptocurrencies, but it has since dropped to 13th position. It’s now ranked below WhiteBIT Coin (WBT) and is only slightly ahead of Bitcoin Cash (BCH).
The price of ADA has increased by 2.5% in the last day, reaching $0.26. However, it’s still down significantly – nearly 92% – from its peak price of $3.09 in 2021 and didn’t come close to that level even during the recent 2025 crypto market surge.
As an analyst tracking Cardano, I’ve observed that average wallets active over the last year are currently showing a -43% return on their investments. While there’s been a lot of discussion about the 71% price drop since September, this significantly negative MVRV value suggests that $ADA is…
— Santiment (@santimentfeed) March 24, 2026
Cardano wasn’t getting much attention on crypto social media, but it’s not the only cryptocurrency struggling right now.
Other Altcoins in Severe Pain
Solana’s price has fallen by nearly 70% since reaching its peak in January 2025, a surge largely fueled by memecoins. Currently, SOL is trading around $90.
Many memecoins, like Dogecoin (DOGE) and Bitcoin Cash (BCH), have lost a significant amount of value. Both are down around 87% from their highest prices five years ago.
As a crypto investor, I’ve been watching Chainlink (LINK) closely, and honestly, it’s been disappointing. Everyone talked about it being the key to bringing real-world assets onto the blockchain, but we haven’t seen that play out in the price. It’s down a huge 83% from its peak in 2021, and it’s been stuck in a slump for a while now.
While many altcoins struggled during the bear market, Tron (TRX), Hyperliquid (HYPE), and Leo (LEO) actually performed quite well.
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2026-03-24 08:50