Cardano’s ADA has fallen about 90% from an all-time high near $3.10 in late 2021 to around $0.29, underscoring a dramatic drawdown in the project’s price. Popular trader Jake Gagain recently expressed regret over his ADA investment, labeling it among his worst picks. Despite his disappointment, Gagain acknowledged Cardano’s strong community and potential, sparking a debate among followers about the project’s execution and speed.
Recent whale activity shows large holders accumulating nearly 820 million ADA tokens, a sign that demand could re-emerge at higher levels. Analysts say that if ADA breaks above $0.30, the token could extend its gains toward $0.34, highlighting a potential near-term rebound.
The scene highlights a risk-versus-reward dynamic as investors weigh execution and pace of development against structural support from the community and whales. If the price holds above $0.30, bulls may gain momentum, though broader market factors will influence the path forward.
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