is cardano about to see a price surge?
The value of Cardano (ADA) is $0.26 (as of October 2023), 91.6% down from its all-time high of $3.1 in September 2021. Its on-chain staking ratio, however, remains at 63.2% (approximately 21.2 billion ADA locked), with an annualized return of 4.1%, which is higher than Ethereum’s 3.8%. If the staking ratio rises to 70% (adding …