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Despite the market fluctuations, there is a widespread belief that Cardano is undervalued. The current price of approximately $1 per ADA is starkly contrasted against its historical peak, suggesting room for growth. The resurgence of altcoins since early 2021 mirrors past trends, where established coins often lead to growth in smaller, riskier investments. Given Cardano's place among the largest cryptocurrencies, many investors find it reasonable to anticipate upward momentum similar to what was witnessed in previous bull cycles.