Cardano Price Experiences Setbacks, Can ADA Match Collateral Network’s Growth?

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The Cardano (ADA) network has recently faced setbacks due to its sluggish growth, resulting in a negative impact on its market performance. In the midst of this downturn, Collateral Network (COLT) has launched a presale and is expected to bring massive profits of 3,500% for investors. Let's investigate why analysts are expecting such a bullish return on investment.

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Cardano (ADA) is a third-generation blockchain that uses a scientific approach to improve upon the perceived limitations of first and second-generation blockchains, like Bitcoin (BTC) and Ethereum (ETH). Founded by ex-Ethereum co-founder, Charles Hoskinson, Cardano (ADA) has experienced a turbulent journey since its launch in September 2017.

Cardano (ADA) was one of the top performers in the 2020/21 bull run, with prices growing from $0.018 to a record high of $3.06 in April 2021 — a gain of more than 16,000% for Cardano (ADA) holders who 'bought the bottom'.

However, ever since then, Cardano (ADA) has seen its market performance decline, with prices gradually falling to a current price of $0.40 as of April 2023. This downturn can be attributed to the slow pace of Cardano (ADA)'s network development, which has caused many investors to lose faith in the project.

While the scientific approach to development initially attracted a loyal following of supporters that shared Cardano (ADA)'s vision, the Cardano (ADA) team is struggling to see real-world adoption of its blockchain technology. In fact, Cardano (ADA) has a total value locked (TVL) of only $157 million, far less than other major networks like Ethereum (ETH) and Binance