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\n\t\t\t\t\t\t\t\t\tThe once-touted \u201cEthereum killer\u201d is in extreme pain, wallowing in the depths of a bear market, but a bottom may be finally forming, say analysts.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
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.<\/p>\n
However, this extreme negative MVRV value (market value to realized value ratio) is generally an indicator of ADA being in an \u201copportunity\u201d or \u201cbuy zone,\u201d they added.<\/p>\n
\n\u201cIn 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\u2019s across any timeframe,\u201d they said before adding:<\/p>\n
\u201cSo 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.\u201d<\/p>\n<\/blockquote>\n
Cardano Sentiment Crushed<\/h2>\n
Adding to this pain, Cardano\u2019s Binance funding rate is showing its highest short-to-long ratio since June 2023, meaning traders are heavily betting on further declines.<\/p>\n
\u201cThis historically is another bottom signal,\u201d they said, explaining that funding rates are always prone to liquidate and \u201csend prices in the direction that traders are expecting the least.\u201d<\/p>\n
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).<\/p>\n
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.<\/p>\n
\n\ud83d\udcc9 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\u2019s major -71% price decline since September, this extreme negative MVRV value is generally an indicator of $ADA<\/a> being\u2026 pic.twitter.com\/LzQRKhobQe<\/a><\/p>\n
\u2014 Santiment (@santimentfeed) March 24, 2026<\/a><\/p>\n<\/blockquote>\n
You may also like:<\/h3>\n
There was very little discussion or chatter about Cardano on crypto social media, but it is not the only altcoin in pain.<\/p>\n
Other Altcoins in Severe Pain<\/h2>\n
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.<\/p>\n
Speaking of memecoins, Dogecoin (DOGE) was down 87% from its peak price five years ago, and Bitcoin Cash (BCH) is down a similar amount.<\/p>\n
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.<\/p>\n
Not all altcoins were deep in bear markets, though, with Tron (TRX), Hyperliquid (HYPE), and Leo (LEO) faring much better.<\/p>\n
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