Cardano has suffered one of the most significant setbacks in its history, falling out of the top 15 cryptocurrencies by market capitalization after weeks of intense selling pressure.

The latest drop occurred after both Monero and Canton surpassed Cardano’s market valuation, pushing $ADA to 16th place in the global cryptocurrency rankings. The development reflects not only the token’s recent price collapse but also growing concerns surrounding the broader health of the Cardano ecosystem.

Key Points

• Cardano has dropped out of the top 15 cryptocurrencies by market cap following weeks of intense selling pressure and ecosystem uncertainty.
• Cardano now ranks as the 16th-largest cryptocurrency globally, with its market capitalization…