Undoubtedly, Cardano is one of the blockchains that have endured massively over the years by regularly improving its smart contracts and DeFi attributes. After experiencing extreme ups and downs, ADA is now correcting its price and showing signs of a V-shaped recovery. Currently, it’s trading at $0.7003 and has a market cap of $24.6 billion. Analysts seem to think that, with the pace of adoption of the Cardano ecosystem, it could reach its ATH of $3 again. Introducing a layer-two scaling model atop Hydra, with the added bonus of DeFi applications, could set Cardano up for long-term success. Moreover, the network’s security, decentralization, and scalability features make it one of the major players within the blockchain space. As history suggests, if ADA follows the trends, it can reach $5 by the end of 2025, benefiting investors tremendously.
