Cardano is run, owned, and it's future is decided on by ADA holders. That is the beauty of a decentralised blockchain, and another positive of Cardano.

Cardano has the best tech—very secure and truly decentralized. It has a great community and really deserves to be in the top 5. But the market doesn't care. If—and it's a big if—the bear market has already started, most altcoins will drop over 95%, including Cardano (ADA). Cardano has gone through two bear markets. In the first, it fell almost 98%, from $1.31 to $0.02. In the second, it dropped almost 93%, from $3.09 to $0.21. If the $1.32 peak in December 2024 was the top of this last bull cycle, ADA could decline 95% based on the average of the last two bear cycles. That would put it under 10 cents, maybe $0.05 or $0.06—and that might not be as bad as the first bear market, where ADA went from $1.31 to $0.02. Always do your own research and never invest more than you can afford to lose. When investing, assume it could go to $0. That's the best way to manage your risks.