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 people’s lives Cardano holders.
When the ADA price will increase to $11
In a video shared on YouTube, Gambardello sounded optimistic about the future of ADA as the crypto industry awaits the next bull run. According to him, at that time ADA will rise to ashes high as $11 with a market capitalization of $400 billion at the time. He hinted that this bull run will likely take place after the next Bitcoin Halving event.
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 this “new ecosystem,” powered by Shelley and innovations like the multi-asset ledger, to be the sign for significant growth in the next bull run. Shelley is the Cardano erawhich aimed to turn the network into a decentralized economic system.
In short, Gambardello alluded to the fact that Cardano has gotten better since the last bull run and now offers more utility to its users. To mark The potential of ADA, he explained how the token rose from around $0.12 to $3 during the last bull run without any of these “development milestones” in place. Therefore, an increase to $11 is feasible with the immense utility that exists now.
The Cardano-Ethereum Comparison
Gambardello made a comparison between Cardano and ether. He even went so far as to claim that the former was healthier, safer and more decentralized. Despite his claim, he acknowledges the fact that Cardano is behind Ethereum as a cycle. In line with this, he expects Cardano’s success to be similar to that of Cardano Ethereum enjoyed when it first established its DeFi ecosystem.
The crypto analyst also mentioned how undervalued Cardano is when making a comparison between Cardano and Ethereum. In his opinion, Cardano has everything similar to Ethereum, but better. He also believes that the innovations on the Cardano network happen in a more secure and decentralized manner compared to its counterparts. c
While Gambardello seems to think so 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 does not believe ADA will perform well during that period. Interestingly, she stated that Cardano has a slow development pace, and this is one of the reasons why it will not thrive.
ADA price stalls at $0.369 | Source: ADAUSD on Tradingview.com
Featured image from AMBCrypto, chart from Tradingview.com