Cardano Forecast: Crypto Analyst Identifies The Event That Could Send ADA Price To $11
22 Novembro 2023 - 5:00PM
NEWSBTC
Dan Gambardello, the founder of Crypto Capital Venture, has
provided some insights into the future trajectory of Cardano (ADA).
Interestingly, he hints that the crypto token could reach
unprecedented heights that will change the lives of Cardano
holders. When ADA Price Will Rise To $11 In a video shared on
YouTube, Gambardello sounded bullish about the future of ADA as the
crypto industry awaits the next bull run. According to him, this is
when ADA will rise to as high as $11 at a market cap of $400
billion market cap then. He hinted that this bull run is likely to
happen after the next Bitcoin Halving event. Related Reading:
Ethereum Still Bullish: Richest ETH Wallets Go On Massive $124
Billion Buying Spree The crypto founder also noted how the
decentralized finance (DeFi) landscape on the Cardano network has
grown since the last bull run. As such, he expects that this “new
ecosystem” powered by Shelley and innovations like the multi-asset
ledger, positions the token for significant growth in the next bull
run. Shelley is the Cardano era, which focused on making the
network a decentralized economic system. Basically, Gambardello was
alluding to the fact that Cardano has gotten better since the last
bull run and now provides more utility to its users. To highlight
ADA’s potential, he stated how the token rose from about $0.12 to
$3 during the last bull run without having any of these
“developmental milestones” in place. Therefore, a rise to $11 is
feasible with the immense utility in place now. The
Cardano-Ethereum Comparison Gambardello drew a comparison between
Cardano and Ethereum. He went as far as asserting that the former
was more sound, secure, and decentralized. Despite his assertion,
he recognizes the fact Cardano is like a cycle behind Ethereum. In
line with this, he expects that Cardano’s success is going to be
similar to the one Ethereum enjoyed when it first established its
DeFi ecosystem. Related Reading: Fetch AI Breakout Confirmed:
Analysts Reveal Bullish Targets For FET Price The crypto analyst
also mentioned how undervalued Cardano is while making a comparison
between it and Ethereum. In his opinion, Cardano has everything
something like Ethereum has but better. He also believes that the
innovations on the Cardano network are happening in a more secure
and decentralized way compared to its counterparts. C While
Gambardello seems to think that ADA will perform so well in the
next bull run, another crypto analyst will beg to differ. This
crypto analyst happens to be Lady of Crypto, who once outlined five
reasons why she doesn’t believe ADA will perform well during that
period. Interestingly, she stated that Cardano has a slow
development pace, and that is one of the reasons it won’t thrive.
ADA price stalls at $0.369 | Source: ADAUSD on Tradingview.com
Featured image from AMBCrypto, chart from Tradingview.com
Fetch (COIN:FETUSD)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Fetch (COIN:FETUSD)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024