Cardano Forecast: Crypto Analyst Identifies The Event That Could Send ADA Price To $11

Name	Symbol	Market	Market Cap ($)	Algorithm
Fetch	FETUSD	Crypto	2,201,706,519	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Fetch

FETUSD

Crypto

2,201,706,519

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.040	-1.87%	2.10	2.10	2.10

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.040

-1.87%

2.10

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2.17	2.00	2.14	2.14	0.161000 - 3.55

High Price

Low Price

Open Price

Prev. Close

52 Week Range

2.17

2.00

2.14

0.161000 - 3.55

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	23:24:35	20.00	2.10	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

23:24:35

20.00

2.10

USD

Price x Volume	Volume	Base Symbol	Related Pairs
10,127,374.37	4,776,471.05	FET	FETEUR	FETGBP	FETBTC

Price x Volume

Volume

Base Symbol

Related Pairs

10,127,374.37

4,776,471.05

Cardano Forecast: Crypto Analyst Identifies The Event That Could Send ADA Price To $11

22/11/2023 8:00pm

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

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