Cardano (ADA) continues to face significant downward price pressure, having last traded above $1 in March 2025. According to CoinGecko data, ADA is down 27.7% over the last month, contributing to its fall to the 14th largest cryptocurrency by market cap. However, asset manager Grayscale has increased its ADA holdings within its Smart Contract Fund to over 20%, signaling institutional confidence amid bearish market conditions.
Cardano’s ADA token has struggled to gain momentum for an extended period, last exceeding the $1 price level in March 2025. Its value was further impacted by the broader market decline in October 2025.
Recent data shows ADA’s price declined 3.3% in the last 24 hours and 27.7% over the previous month. These sustained losses have moved Cardano from its former position among the top 10 cryptocurrencies to 14th by market capitalization.
Despite this performance, Grayscale has demonstrated increased bullishness on the asset. The firm raised its Cardano exposure in its Smart Contract Fund to 20.07%, up from 18.55% in January.
A related social media post stated, “UPDATE: Grayscale increased their Cardano $ADA holding in the Smart Contract Fund to 20.07%.” The post noted this represents another increase since February began, with ADA holdings growing by almost five percentage points since November.
Macroeconomic headwinds present challenges for a price recovery. Ongoing liquidity constraints and recent geopolitical tensions have contributed to bearish sentiment across the crypto market.
Analysts at CoinCodex provide a specific near-term forecast, anticipating ADA could rally to $0.416 by May 25, 2026. Their analysis does not project a return to the $1 mark in the immediate future.
