Cardano's 5-Year Downfall: Can ADA Break Its $3.09 All-Time High?

Cardano's (ADA) all-time high of $3.09 was reached five years ago, and investors are wondering if it can be broken again.

According to CoinGecko, ADA last hit its ATH on September 2, 2021, just before the Alonzo upgrade that introduced native smart contract capability to the network.

The price of Cardano has fallen significantly since then, down 93.19% from its ATH, with a current trading price of $0.21.

To regain the all-time high, ADA would need to rally by an impressive 1,371.43%, sparking debate about whether it's possible and when this could happen, given the current market uncertainty.