Cardano (ADA), once dubbed the "Ethereum Killer," is currently experiencing significant market turbulence. Within a span of 48 hours, ADA's price plummeted by 11%, prompting investors to reassess their positions. This downturn has led to a notable Cardano millionaire publicly declaring that the $0.50 price target for ADA is unattainable by October. The statement has sparked considerable discussion within the crypto community, highlighting the challenges ADA faces in maintaining its competitive edge and market confidence amidst volatile conditions.