The problem with ADA is that it's quite slow in terms of development and innovation. It's not as overhyped as Solana or Ethereum. Because of this, ADA has been unable to reach a new ATH in price. At least, Cardano is more reliable and decentralized than Solana. It can compete directly against Ethereum if developers keep it that way.
With ETFs taking the crypto world by storm, it's possible we'll see Cardano ETFs in the future. The sky is the limit to how far will the cryptocurrency go. Hopefully, people recognize the hidden potential in undervalued coins someday.
With ETFs taking the crypto world by storm, it's possible we'll see Cardano ETFs in the future. The sky is the limit to how far will the cryptocurrency go. Hopefully, people recognize the hidden potential in undervalued coins someday.
The hype on Ethereum and Solana is due to the fact that their ecosystem is showing a tremendous increase of new projects. Cardano never promoted itself and its ecosystem the way Ethereum and Solana have been doing. I hardly see any airdrop announcement or any meme coin being launched in it.
Before Cardano the chance of Litecoin ETF and Solana ETF getting approved is a possibility. There should be demand for Cardano in the crypto market for the big financial giants to think about an ETF. I don't see anything as for now to think there is a demand for ADA in the market.