Cardano is characterized by a research-driven approach to blockchain development, with a focus on scalability and sustainability.
Shifting to its Hydra scalable solution, it plans to enhance transaction performance and thus preserve its place as a platform for decentralized applications (dApps).
Because of its energy-efficient Proof of Stake architecture, it is a magnet to environmentally minded investors and an expanding ecosystem of dApps is furthering its versatility and adoption. But it has been a source of frustration to some investors as Cardano’s releases have been characteristically slow.
Not to mention, it has to contend with the emerging fierce competition from increasingly advanced rivals such as Ethereum and Solana, which are attacking its market share. Although coin ADA for Cardano, ADA holds long-term potential, limited returns are likely in the short term due to its slower pace of progress.