Cardano (ADA), currently the 12th largest cryptocurrency by value, was trading at $0.26. It had increased by 2.84% in the last 24 hours, benefiting from a general rise in the cryptocurrency market.
Currently, the coin is trading at a price 71% lower than its value of $0.90 in September 2025, and 91.5% below its peak price of $3.10 reached in September 2021.
The price of Cardano (ADA) has fallen 43% when comparing its market value to its realized value. Currently, there’s $374.21 million in open interest, which has decreased slightly (by 3.49%) over the past 24 hours.
Cardano price analysis
Even though Cardano’s price has recently dropped, experts believe it’s likely to start rising again soon, and could even reach a record high before the end of the year.
According to blockchain data firm Santiment, past drops in the MVRV indicator—like the 30% decrease seen in December 2023—have typically been followed by a 58% price increase.
Cardano (ADA) appears to be nearing a price increase, as its Relative Strength Index (RSI) indicates it’s currently oversold. This potential rise is also suggested by the fact that, since June 2023, there have been more traders betting on a price increase than a decrease. When a lot of traders are betting against an asset, it can lead to forced selling, a ‘short squeeze’ where those traders are forced to buy back in, and ultimately a shift in the price trend from downward to upward.
Cardano wallets that have been used over the last year have seen an average investment loss of 43%. While the price of ADA has dropped significantly – down 71% since September – this large negative return on investment suggests that…
— Santiment (@santimentfeed) March 24, 2026
Events to watch for
Several large financial firms, like Grayscale Investments, 21Shares, and ETC Group, have been investing more in Cardano. Right now, these investments are mainly going into exchange-traded products (ETPs) and funds that hold a variety of assets. A decision on whether to approve a Cardano exchange-traded fund (ETF) in the United States is still waiting on the Securities and Exchange Commission (SEC).
Besides global events, the price of ADA could change significantly with the upcoming Midnight launch later this month. This upgrade will make the Cardano blockchain more decentralized and private, which is expected to attract more interest from institutions.
Cardano is releasing a preview of Node 10.7.0, which will pave the way for the upcoming van Rossem hard fork. This upgrade is designed to improve the blockchain’s capabilities when it comes to smart contracts and cryptography.
If ADA stays above $0.253, it might rise to between $0.285 and $0.30. Otherwise, it could fall to around $0.244.
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2026-03-24 05:38