- Cardano and ADA enthusiast shares update on the altcoin.
- Is there hope for the asset given the bleak start to 2026?
- The price of ADA could still set new ATHs this year.
The brutal week for the financial markets has not gone by without impressing serious damage to the Fear & Greed Index, which now sits at a score of 8, marking ‘extreme fear’. Throughout the week, crypto and stock prices have fallen by significant amounts, wiping billions from both financial markets. Holding high hopes for altcoins is seen as one Cardano and ADA enthusiast shares update on the altcoin.
Cardano and ADA Enthusiast Shares Update on the Altcoin
The crypto market has gone through an extremely brutal week, where the prices of the pioneer crypto asset, Bitcoin (BTC), and the pioneer altcoin asset, Ethereum (ETH), have both fallen dramatically in value. To highlight, the price of BTC fell as far as the $60,000 price range while the price of ETH dipped to $1,800. Now both assets are trading at $69,000 and $2,000, respectively.
The same erratic price movement was seen for altcoins as well. With both BTC and ETH prices falling deeply at a rapid pace, altcoin prices were no different. Despite this, many altcoin enthusiasts hope to see prices rally, finally allowing the altcoin prices to pull off their bull pump. This is a long-awaited event this cycle as many claim the cycle has finished, but others cannot say it has without altseason, which has yet to arrive.
Is There Hope for the Bleak Start to 2026?
Among the many popular altcoins expected to pull a bullish pump this cycle, aside from Ethereum (ETH) and Ripple’s XRP is Cardano’s ADA, as well as many others like SUI. Presently, most analysts are looking to ADA and XRP over others as these legacy tokens have accomplished a lot over the last bull cycle, pointing out the possibility for a bullish price surge in the coming months.
As we can see from the post above, this ADA enthusiast shares an update on the altcoin. He says that over the weekend, as we work on a new report during the hectic times of 2026, it is very encouraging to see that the market is willing to fight for the 2022 bear market bottom for ADA. Also, he mentions a positive case that could repeat what happened in the structure highlighted on the left of the chart accompanying the post.
He also adds that it would be nice to have some positive rallies, so that the eventual buyer exhaustion will cause ADA to just come back down to the 2022 bottom. No doubt, this selloff has been brutal for the crypto market, and there has been no reprieve whatsoever in counter rallies. He concludes by encouraging traders to remain in a cool state of mind and hold using logic over emotion, this will ensure that they can weather the storm with ease.
