Currently Cardano (ADA) still has a long way to go to compete with bitcoin, Ethereum and Binance, this greatly affects the condition of the three coins on the market, this year the three coins actually have a good value.
While Cardano (ADA) is a coin that sits in the middle, they are not and have not been able to become a competitor to Bitcoin, Ethereum and Binance at this time, the biggest odds are that it will be in the bottom of the three coins.
Cardano ecosystem hasn't created yet and its only news release that their smart contract ready to launched. If we see Cardano have better feature than other platform , i am believe the ecosystem will growing very fast . Especially when cardano platfrom provide tinny transaction fee, crypto community will very glad of this. Since creating profits was difficul , traders and investors really care with fee they spent to buy or sell token.
Alonzo hardfork which will add to Cardano their Plutus platform to handle smart contract written Haskell is around the corner, less than a week is left to upgrade Cardano mainnet to fit Alonzo. In anticipation of this Friday when hardfork should happen market continue to push ADA price higher and right now the coin is traded at around $3/ I would not be surprised if it reach $4 at the end of this week.