$ADA — The untold story. Who wants ADA to be above $1? I think most of us who invested in ADA, including me, but the reality is different. Cardano was listed on Binance for spot trading in April 2018, after the 2017 bull run. ADA was created to compete with Ethereum on scalability. I remember Litecoin was promoting SegWit to boost its price to $500 and it was in the top 5 on CoinMarketCap. In 2021, the circulating supply of ADA was about 32 billion, less than the current supply of 3.7 billion in 2024. The chances of returning to $3 are decreasing even with a 100% successful hard fork. The untold story is politically driven among investors. Since the beginning of 2020, Charles Hoskinson has made great efforts. By the way, Charles didn't like the Trump administration because it started regulating crypto. When the Biden administration took office, public relations with investors pushed ADA's price to $3. Nowadays, the scene is changing. Charles has said he doesn't like the Biden administration because of crypto regulations and wants to support Kenedy Jr. in the election. However, the opposite is happening because the chances of Trump's return are higher, and he promised to boost crypto, but who knows. I don't know, how Charles can handle this, but it seems the issue about the incoming investors is being decreased due to political opinions.

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