 ▲ Cardano (ADA) / ChatGPT-generated image © |
Cardano has continued its prolonged downtrend, slipping in market capitalization rankings and drawing market attention to the question of whether it can reclaim the $1 level.
According to cryptocurrency-focused media outlet Watcher Guru on March 7 (local time), Cardano (ADA) has maintained a clear downward trend over the past year, falling to 13th place in market capitalization rankings among major cryptocurrencies. ADA has not traded above $1 since March 2025 and has continued to decline ever since.
CoinGecko data shows that ADA fell 3.4% over the past 24 hours, 2.8% over the past week, 8.3% over the past 14 days, and 7.8% over the past month. Notably, since March 2025, its price has plunged by more than 70%. Amid this downward trajectory, its market capitalization ranking has gradually slipped to 13th place.
Since its launch, Cardano has been regarded as a project with active development, but it has faced significant price pressure in recent years. During the bull market in September 2021, ADA reached an all-time high of $3.09. However, it has since fallen more than 91% from that peak. Analysts note that the sharp market downturn in October 2025 further intensified selling pressure among investors.
The broader market environment is also not favorable for a short-term rebound. Watcher Guru reported that macroeconomic uncertainty, geopolitical tensions, and liquidity shortages are strengthening risk-off sentiment among investors. In this climate, major cryptocurrencies, including Cardano, may struggle to secure clear upward momentum for the time being.
However, some analysts believe mid- to long-term rebound potential remains. According to CoinCodex, ADA may rise in the coming months, though reclaiming $1 in the short term appears unlikely. The platform projects that ADA could climb to around $0.41 by May 10, 2026, representing an upside potential of approximately 64% from current levels.
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