Crypto Analyst Makes Jaw-Dropping Cardano ($ADA) Price Forecast
A respected voice in the crypto community has recently shared his perspective on the potential growth trajectories of Bitcoin and Cardano.
In a bold prediction, Dan Gambardello, the founder of Crypto Capital Venture and popular host of the YouTube channel of the same name, tweeted earlier today that Bitcoin and Cardano are poised for significant price increases, expecting Bitcoin to reach $200,000 and Cardano to hit $15.
And two days earlier, the veteran crypto enthusiast told his over 239,000 Twitter followers that he’s been “building on Bitcoin and accumulating on Cardano” in what he calls “the ultimate crypto power play.”
Gambardello believes the crypto sector is on the cusp of a notable shift, primarily led by Bitcoin and Cardano. He asserts that these cryptocurrencies are strategically placed to reap the benefits of this significant opportunity. He expanded on this viewpoint in a video update on his YouTube channel on May 9, 2023, detailing why he believes these two cryptocurrencies are in such a promising position.
As of the time of this report, TradingView data shows that Cardano (ADA) is trading at approximately $0.3651 on the Coinbase exchange, marking a 2.2% increase over the past 24 hours and a substantial year-to-date rise of 46.08%.
In terms of development progress, Cardano continues to showcase its potential. Input Output Global (IOG), the blockchain technology firm tasked with Cardano’s research and development, recently published the weekly development report for the week ending on 12 May 2023. The report highlighted significant advancements across various areas, demonstrating the ongoing growth of the Cardano ecosystem.
According to the report, the platform has seen the launch of 126 projects, over 8.24 million native tokens created, and 7,962 Plutus scripts put into action. Additionally, an impressive 1,240 projects are currently under active development on Cardano, and the network has processed a staggering 66.3 million transactions. This progress reflects Cardano’s robust growth and its potential to make significant strides in the crypto industry.