Cardano (ADA) has faced stagnant price growth despite its popularity. Crypto analyst Max Maher predicts a 1,000% rally to $4.29, highlighting the potential for a surge in price if community sentiment improves. He notes Cardano’s previously strong performance during the 2021 bull run, but recent struggles compared to Ethereum (ETH) and Solana (SOL).
Maher emphasizes that a shift in community sentiment is needed for Cardano to break out of its bearish phase. He believes positive perception and narrative are crucial for the cryptocurrency’s price increase. Examples include a significant sentiment shift following a positive post on social media and an existing solid foundation for Cardano.
He also outlines three main reasons behind Cardano's underperformance: lack of a compelling core narrative, difficult-to-understand sophisticated values, and lacking robust community engagement. Compared to Ethereum and Solana, Cardano needs to enhance its distinctiveness and investor appeal.
