Gokhshtein Stands Firm on Cardano Amid 93 Percent Price Plunge

Cryptocurrency influencer David Gokhshtein has reaffirmed his bullish stance on Cardano, saying he will buy more ADA despite the token being down 93.66 percent from its all-time high of $3.10 in September 2021.

Gokhshtein made this statement on X (formerly Twitter) in response to a user who urged others to stay away from Cardano and XRP, saying 'I'll buy more, thanks.'

While his exact holdings are not disclosed, Gokhshtein has publicly stated that he holds ADA and remains optimistic about the token's potential.

Some market participants believe that a recovery for ADA is unlikely given its current price of $0.1966, while others, such as Cardano stake pool operator Sssebi, predict that ADA could retest $3.10 in the next major bull market and rise beyond that.