Of course I am not talking about reaching 200USD already, at once, for now the price of Cardano is a little beyond 2USD, and it can continue to grow, what I mean is that the price of the currency will depend a lot on the BTC movements and although it is clearly bullish, at some point there will be a fall, however there are several currencies that have been rising in an impressive way, but I have realized that it is because of their ecosystem, their community, as is the case with BNB Many are starting to believe in Cardano because it is ideal to play in casinos and in sports betting, but a possible ecosystem similar to that of BNB would power any coin.
I believe that even with a small increase, 100x doesn't look realistic at all. Look at how they failed the smart contract process and how they have basically nothing right now that looks promising. They were third in ranking for a while when people had hopes for them, and now they have absolutely zero. They went to 6th place in short period of time, and it is just matter of time to go out of top 10 as well.
So, Cardano could be doing "decent" right now, but that doesn't mean that it will go on, it has already let people down with the development process and they can't just continue to be like this. Could they recover and recoup all those losses and gain those people back? Of course it can, but I doubt that they would.
Your appreciation is very correct, taking into account what is currently happening, the BTC market is growing, the altcoins are mostly making a lot of gains, but I see that Cardano still cannot take the leap that he wants, I really do not know If your investors, the Cardano bulls are waiting for a specific market move, I don't know if they know some kind of inside information that won't let them go up in price, or maybe the offer is actually too big than when they make the effort to raise the coin at once lower, checking the volume does not give me much information either, certainly for my Cardano it turns out to be something unpredictable what may happen.