VirtualBacon founder Dennis Liu has pushed back against claims that Cardano is dead, arguing that ADA could potentially triple from its current level.
In a recent commentary, Liu maintained that Cardano still has room for significant gains. Although he does not expect ADA to outperform most other cryptocurrencies this cycle, he pointed to Bitcoin’s potential for another major move as a reason to remain optimistic about the asset.
Liu Sees 3X Potential for ADA
Liu argued that Bitcoin still has at least another 2X move ahead and suggested that ADA could potentially deliver an even larger percentage gain.
“I don’t think it beats most coins this cycle, but Bitcoin still has at least a double left to run, and I see no reason ADA can’t at least triple,” Liu remarked.
At the time of his commentary, ADA was trading at around $0.2437. Therefore, a 3X increase from that level would place the token at $0.7311.
Such a move would represent a significant recovery for ADA. The token last traded around the $0.73 area in October 2025, meaning a return to that level would take ADA back to a price range it has not revisited in several months.
Experts Dismiss Cardano’s “Dead Blockchain” Narrative
Liu’s comments come as Cardano continues to face criticism over its price performance and network adoption.
ADA has fallen substantially from its $3.10 all-time high, leaving the cryptocurrency in roughly the $0.20–$0.25 range. As a result, skeptics have used its prolonged decline to question whether Cardano can regain its previous market relevance.
Critics have also highlighted Cardano’s transaction activity compared with competing networks. Cardano has processed around 124 million transactions, while Ethereum and Solana have recorded transaction counts in the billions.
However, Cardano supporters continue to reject the dead blockchain narrative. DexHunter, for instance, has previously argued that the network and token remain active. Similarly, market analyst Eric Van Tassel has suggested that ADA could be approaching a major breakout after maintaining a rising macro support trend for roughly nine years.
Moreover, Cardano founder Charles Hoskinson has continued to express optimism about ADA’s long-term prospects, projecting its return to the top-10 ranking.
ADA Continues to Underperform in the Near Term
Despite the longer-term optimism, ADA’s recent price performance remains subdued.
The token traded above $0.25 in recent days before falling back below that level. At press time, ADA had declined 3.59% over 24 hours, highlighting the selling pressure still weighing on the cryptocurrency.
Meanwhile, Cardano-related token Midnight (NIGHT) moved in the opposite direction. The token surged more than 24%, making it the biggest gainer among the top 100 cryptocurrencies at the time.