Many cryptocurrencies have taken dramatic price cuts since the fall of 2021. Among them, the smart contracts platform Cardano (CRYPTO: ADA) is down 90% from its all-time high of $3.10 on Sept. 2 that year.
Cardano has traded below $1.00 per token since early April of last year. The recovery attempt that started two months ago lost steam in the Silvergate meltdown of mid-February. As a result, many Cardano owners wonder whether their tokens will ever be worth $1 apiece again.
I'm convinced Cardano will not only climb back to $1 but also exceed its former all-time highs. However, these gains are not necessarily right around the corner. As always, patience is a virtue.
Source Fool.com