According to CoinMeta, analyst Dan Gambardello predicts that the price of Cardano could approach $2.60 when the market regains its peak market value. The current price of ADA is around $0.20, which means it would need to rise by about 1200% to reach this target. Although Cardano currently has over 4.5 million holders, decentralized finance liquidity and overall activity remain weak. Gambardello points out that the circulating supply of Cardano has increased since the previous cycle's peak, so regaining the same market value would result in a token price lower than before. Despite the poor performance of ADA price in the past few months, holders remain optimistic about the long-term prospects.