Cardano's ADA Could Triple, VirtualBacon Founder Predicts

Dennis Liu, founder of VirtualBacon, has spoken out against the notion that Cardano is a 'dead blockchain.' Liu believes that Cardano still has significant potential for growth, and that ADA could potentially triple from its current level.

Liu points out that Bitcoin still has at least another 2X move ahead and suggests that ADA could potentially deliver an even larger percentage gain. 'I don't think it beats most coins this cycle, but Bitcoin still has at least a double left to run, and I see no reason ADA can't at least triple,' he remarked.

At the time of his commentary, ADA was trading at around $0.2437. A 3X increase from that level would place the token at $0.7311. This would represent a significant recovery for ADA, taking it back to a price range it has not revisited in several months.

Cardano continues to face criticism over its price performance and network adoption. ADA has fallen substantially from its $3.10 all-time high, leaving the cryptocurrency in roughly the $0.20, $0.25 range. Critics have highlighted Cardano's transaction activity compared to competing networks, but supporters continue to reject the 'dead blockchain' narrative.