Cardano Faces Uncertain Future Despite Development Efforts
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In Brief
Cardano struggles to meet investor expectations despite development efforts.
ADA risks falling out of the top ten cryptocurrencies by volume.
AI predicts a 12% price drop for Cardano by August 2024.
For a long time, Cardano (ADA), which has been among the top in volume rankings in the cryptocurrency world, seems to have failed to meet the expectations of its investors.
The development team’s significant efforts and ongoing innovations in the network have not yet impacted the price, making it increasingly difficult for investors. The future of ADA, which last traded above $1 in mid-2022 and has not returned to those levels since, remains uncertain.
