Cardano’s Potential in the Next Bull Run
Dan Gambardello, the founder of Crypto Capital Venture, believes that Cardano has the potential to be one of the best-performing coins in the next bull run. He points out that Cardano is currently in a similar technical area as it was in the last two market cycles before the Bitcoin Halving. On those occasions, ADA surpassed expectations and reached new all-time highs.
Possible 1800% Gain for Cardano
Gambardello predicts that Cardano could see an 1800% gain on its way to $10 in the next bull run. Despite being significantly down from its all-time high, he remains confident in Cardano’s potential. In a previous statement, he even suggested that ADA could rise to $11 at a market cap of $400 billion.
Comparison to ETH and Bitcoin Halving
Gambardello compares Cardano to Ethereum and notes that ADA hitting a market cap of $350 billion in the next bull run is still lower than Ethereum’s market cap in the previous bull run. He also highlights how the Bitcoin Halving event in April could kickstart the next bull run, as it has done in the past.
Bullish Signs for Altcoins
Gambardello believes that there are bullish signs for altcoins like ADA and ETH based on their charts. He suggests that something big is about to happen, indicating a potential massive rally on the horizon. Additionally, he mentions recent developments around Spot Bitcoin ETFs, which show increased demand for Bitcoin.
Hot Take: Cardano’s Promising Outlook
Based on Dan Gambardello’s analysis, Cardano has a promising outlook for the next bull run. With its history of surpassing expectations and reaching new all-time highs, ADA has the potential to perform well in the upcoming market cycle. Gambardello predicts a possible 1800% gain for Cardano on its way to $10, and he compares ADA’s market cap to that of Ethereum in the previous bull run. Overall, Cardano’s technical indicators and recent developments in the crypto market point towards a bullish future for the cryptocurrency.
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