$ADA — Why hasn't #Cardano reached $3, and can it hit $7? Although Charles Hoskinson is working hard to make Cardano successful, investors have found other opportunities to 10x their capital in the same timeframe. Cardano couldn't reach its previous all-time high (ATH) of $3, even though Bitcoin reached its ATH of $65,000. The current circulating supply of ADA is about 35.8 billion out of a total of 45 billion, which is significantly higher compared to other projects with similar concepts. To see Cardano at $7, its market cap would need to be $255 billion, implying that Bitcoin would need to be valued at $1.15 million first.

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