Is Cardano Poised for a Surprise Rebound Despite Lingering Pain? Santiment Weighs In.
Remember when Cardano was hailed as the “Ethereum killer,” promising to revolutionize the crypto space? Well, it seems that glow has dimmed quite a bit. With ADA plummeting over 70% since September and active wallets down by 43%, the pain is real—and palpable. But here’s the kicker: experts are suggesting this brutal bear market may actually be setting the stage for a comeback. Could this deep dive be the reset Button that savvy investors have been waiting for? The MVRV ratio is flashing what’s known in the trade as a “buy zone,” meaning the undervalued ADA might be whispering opportunity to those willing to listen. So, is Cardano on the verge of staging a comeback, or are traders simply bracing for deeper lows? The signs are mixed, the sentiment crushed, but sometimes the darkest hour is just before the dawn. Curious to see what’s next for ADA and other altcoins cruising through turbulent times? LEARN MORE.
The once-touted “Ethereum killer” is in extreme pain, wallowing in the depths of a bear market, but a bottom may be finally forming, say analysts.
Cardano is showing classic bottom indicators with active wallets down 43% on their investments over the past year, and ADA dropping over 70% since September, said Santiment on Tuesday.
However, this extreme negative MVRV value (market value to realized value ratio) is generally an indicator of ADA being in an “opportunity” or “buy zone,” they added.
“In a zero-sum game, when average returns are severely negative, this is an indication of a looming turnaround with coins always averaging 0% on MVRV’s across any timeframe,” they said before adding:
“So when other traders are in severe pain, key stakeholders and professional traders are intrigued by this due to the lowered risk of buying or adding on to their positions.”
Cardano Sentiment Crushed
Adding to this pain, Cardano’s Binance funding rate is showing its highest short-to-long ratio since June 2023, meaning traders are heavily betting on further declines.
“This historically is another bottom signal,” they said, explaining that funding rates are always prone to liquidate and “send prices in the direction that traders are expecting the least.”
ADA was once a top ten crypto, but has now fallen to 13th place, below WhiteBIT Coin (WBT) and only just above Bitcoin Cash (BCH).
ADA prices have gained 2.5% over the past 24 hours to reach $0.26, but the asset is down almost 92% from its 2021 all-time high of $3.09 and failed to get anywhere near it in the 2025 crypto market peak.
📉 Average wallets that have been active on the Cardano network over the past year are netting a return of -43% on their investments. Memes aside about the altcoin’s major -71% price decline since September, this extreme negative MVRV value is generally an indicator of $ADA being… pic.twitter.com/LzQRKhobQe
— Santiment (@santimentfeed) March 24, 2026
You may also like:
There was very little discussion or chatter about Cardano on crypto social media, but it is not the only altcoin in pain.
Other Altcoins in Severe Pain
Solana is down almost 70% from its memecoin-driven all-time high in January 2025, with SOL prices hovering around $90 at the time of writing.
Speaking of memecoins, Dogecoin (DOGE) was down 87% from its peak price five years ago, and Bitcoin Cash (BCH) is down a similar amount.
Chainlink (LINK), the once-touted standard for real-world asset tokenization, has not seen any momentum from this narrative, wallowing 83% down from its 2021 all-time high.
Not all altcoins were deep in bear markets, though, with Tron (TRX), Hyperliquid (HYPE), and Leo (LEO) faring much better.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
