Cardano (ADA) has struggled to gain steam for a considerable amount of time. The asset last traded above the $1 mark in March 2025 and has since been on a downward trajectory. ADA’s price took another hit in the October 2025 market crash. According to CoinGecko data, ADA’s price is down 3.3% in the last 24 hours, 10.4% in the last week, 1.8% in the 14-day charts, and 27.7% over the previous month. Cardano (ADA) was once among the top 10 cryptocurrency projects by market cap. The project has fallen to the 14th position following the coming of the bear market. However, despite ADA’s lackluster performance, Grayscale seems to be quite bullish on the asset. In this price prediction article, let’s discuss if Grayscale’s Cardano (ADA) bet can push the asset to the $1 mark.

Cardano Price Prediction: Will ADA Hit $1?

According to reports, Grayscale has increased its Cardano (ADA) exposure in its Smart Contract Fund. ADA now accounts for more than 20% of the total fund, increasing from 18.55% in January. The development could be a signal that the financial institution is quite bullish on Cardano (ADA).

Cardano (ADA) last traded above the $1 mark in March 2025. Given the current bearish market environment, it may take ADA some time to reclaim the $1 price level. Moreover, the ongoing liquidity crunch has presented substantial challenges to Cardano (ADA) and the larger crypto market. President Trump’s latest tariff announcement has likely triggered another market dip. Macroeconomic uncertainties and geopolitical tensions between the US and Iran have added to the already bearish market sentiment.

Also Read: How Soon Can Cardano (ADA) Reclaim Its All-Time High Of $3.09?

However, CoinCodex analysts present quite a bullish outlook for Cardano (ADA). The platform anticipates ADA to rally from here on, hitting $0.416 on May 25, 2026. However, the platform does not expect ADA to reclaim the $1 mark anytime soon.