Liu Sees 3X Potential for Cardano Despite ADA Slower Outlook This Cycle

Despite criticism that Cardano is dead, VirtualBacon founder Dennis Liu remains optimistic about the asset's potential. In a recent commentary, Liu stated that Cardano could potentially triple from its current level, citing Bitcoin's potential for another major move as a reason to remain optimistic. Liu believes that Bitcoin still has at least another 2X move ahead and suggested that Cardano could deliver an even larger percentage gain. He argued, '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.'

Liu's comments come as 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. However, Cardano supporters continue to reject the dead blockchain narrative, with some arguing that the network and token remain active. Cardano founder Charles Hoskinson has expressed optimism about $ADA's long-term prospects, projecting its return to the top-10 ranking.

Despite the longer-term optimism, $ADA's recent price performance remains subdued. The token traded above $0.25 in recent days before falling back below that level. At press time, $ADA had declined 3.59% over 24 hours, highlighting the selling pressure still weighing on the cryptocurrency.