Cardano is now more likely to fall out of the top 10, with a greater risk than Ripple

Notably, the recent bearish trend has had an impact on Cardano, causing it to lose all of its gains from the past three months. Specifically, the data shows that ADA has gained only 2.37% in the past 90 days at a price of $0.5659.

This is in contrast to ADA’s performance earlier this year and at the end of 2023, when it was one of the outperforming assets. Now, surpassing Cardano is AVAX, an asset that was a strong performer before the recent market drop. Interestingly, if AVAX rises by just 16% to $54, it would knock ADA out of the top ten.