Cardano (ADA) [Photo: Shutterstock]

[DigitalToday reporter Yoonseo Lee] Cryptocurrency influencer and Gokhshtein Media founder David Gokhshtein (데이비드 곡슈타인) reaffirmed a bullish stance on Cardano and suggested he could buy additional ADA.

Blockchain outlet The Crypto Basic reported on Aug. 31 (local time) that Gokhshtein replied on X, formerly Twitter, to a user who urged others to stay away from Cardano and XRP. “I’ll buy more — thanks,” he wrote.

The reply does not mean he actually made additional purchases, but it clearly showed that criticism and scepticism around Cardano have not changed his view. Gokhshtein has publicly disclosed that he holds ADA and has repeatedly maintained optimism about Cardano. He did not disclose the size of his holdings or whether he has bought recently.

Market attention is focused on whether Cardano can regain its previous peak. Cardano hit an all-time high of $3.10 on Sept. 2, 2021. It has since fallen sharply and is now around $0.1966, down 93.66 percent from that high.

With such a wide gap from the peak, views are split on whether ADA can climb back above $3.10 in the next bull market. Gokhshtein’s recent reaction is read as a view that investors should not rule out a recovery simply because ADA remains far below its 2021 high.

Optimism around the Cardano ecosystem is also being mentioned again. Cardano stake pool operator (SPO) Sssebi said ADA could retest $3.10 in the next major bull market and may rise beyond that. Based on a current price of $0.1962, that would require a gain of about 15.8 times.

Such projections remain market expectations. ADA would need new demand inflows to reclaim $3.10, along with higher market demand and sustained growth in the Cardano ecosystem.

Ultimately, the core of the debate is market sentiment, not the size of any actual purchases. Even as Cardano remains far from its previous peak, some investors and supporters are leaving room for a recovery. It was also reaffirmed that a return to the peak would require large-scale capital inflows and improved market conditions.

I’ll buy more — thanks

Keyword

#Cardano #ADA #XRP #Gokhshtein Media #X
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