The recent bearish market trend has had a significant impact on Cardano, resulting in the nullification of all the gains made over the past three months. According to data, ADA is currently valued at $0.5659, indicating a meager 2.37% increase over the last 90 days.
This stands in stark contrast to ADA’s exceptional performance earlier this year and in late 2023, when it stood out as one of the top performers. However, AVAX has now overtaken Cardano, having experienced a remarkable surge in value until the recent market downturn. Interestingly, if AVAX manages to rally by a mere 16% to reach $54, it will push ADA out of the top ten.