ADA to $15 Next? Crypto Pundit Boldly Predicts As Cardano Sets New Remarkable Milestone ⋆ ZyCrypto
Renowned cryptoanalyst Dan Gambardello has predicted that Cardano ADA’s price will touch $15. This is after the Cardano network reached the historic milestone of 4 million. Gambardello explained in a recent YouTube video why this crucial wallet number prompted him to set the ultra-bullish price target for ADA.
Cardano wallets tear past 4 million
Crypto Capital Ventures founder Dan Gambardello has highlighted solid data that reinforces his bullish stance. In particular, he noted why he realistically believes a $15 ADA price is plausible.
Gambardello correctly predicted the June 2020 ADA all-time high of $3 back when the token was valued at around $0.09. At the time, Gambardello’s prediction was hinged on Ethereum events. He once again relies on Ethereum data to predict the future price of ADA.
In a March 25 video, the YouTuber observed that Ethereum reached 4 million wallets in 2017 with a market cap of $21 billion, while Cardano reached the 4 million wallet milestone with a market cap of $12 billion. Ether went on to smash its $125 billion market cap during the bull market, and Cardano hit $91 billion.
Gambardello expects ADA to reach $15 in the next bull market, with its market cap rising to a staggering $500 billion. He is of the opinion that developments within the Cardano ecosystem are in line with Ethereum, although he considers the former to be a better blockchain.
“I’m not even discussing the basics here. I’m not even discussing what Cardano as a blockchain does. When I did this video last time, Shelly wasn’t even here, the staking mechanism for Cardano wasn’t even here yet, the Mary hard fork wasn’t even here yet, multi-asset Ledger, Alonzo and smart contracts. Gambardello postulated.
He further indicated that Cardano is more scalable and has great projects after undergoing the Vasil hard fork, which has been said to make smart contract distribution more efficient and allow decentralized applications (dApps) to run at much lower costs. Gambardello believes more groundbreaking Cardano innovations are on the horizon.
Cardano is now waiting to move into the fifth and final stage of its evolution, the Voltaire Era. According to Cardano creator Charles Hoskinson, Voltaire will teach the rest of the cryptosphere a lesson on how to do decentralized governance.
ADA is currently trading at $0.3630, which is about 88% of the cryptocurrency’s all-time high of $3.09 seen in September 2021. Seventh-placed Cardano has a long way to go to reach Gambardello’s goal.
