Cardano was declared down and out, never to recover, when in November, the Cardano price recovered more than even its fiercest advocates could have hoped for. The Cardano price was up almost 300% during the Trump Pump, but then it dumped nearly 40% in December, indicating that the massive increase in the Cardano price was purely speculative.

The Cardano price was doing well and looked for all the world like it would hit $2.00 this cycle, but while it is currently hovering around the one-dollar mark, it seems that the Cardano price has a better chance of halving to $0.50 than doubling to $2.00.

Cardano is a great project, though, and it deserves higher recognition in the market and from developers. Whether this will happen is anyone’s guess, but the outlook is not all that rosy for Cardano. The Cardano price is a mere 30% of the all-time high it achieved in 2021, and that’s a terrible comparison when measured against Bitcoin, which achieved a new ATH less than a week ago.