Cardano just hit a price level no one expected to see again. ADA dropped below $0.16 for the first time since December 2020. That is a 5.5‑year low. The fall has been brutal. From above $0.20 just two weeks ago to under $0.16 today. The market cap now sits around $5.6 billion, pushing Cardano down to the #15 spot among all cryptocurrencies.