Cardano: ‘Do you realize what is in store for ADA?’ Asks analyst – $10 may be near

• Analyst Dan Gambardello predicts ADA could reach $10, citing strong fundamentals and Bitcoin DeFi.
• Federal Reserve’s liquidity shift and ADA’s inclusion in the Digital Asset Stockpile fuel a bullish outlook.

As the crypto market recovers from its recent downturn, Cardano [ADA] is gaining renewed bullish momentum.

At press time, ADA was trading at $0.7130, reflecting a modest 0.33% increase in the last 24 hours, according to CoinMarketCap.

While some analysts are projecting a staggering $10 price target for Cardano, skeptics dismiss such predictions as overly ambitious.

Dan Gambardello weighs in

However, crypto analyst Dan Gambardello has reinforced his belief in ADA’s long-term potential, countering criticisms with fundamental strengths such as decentralization, scalability, and security.

He also highlights the growing role of Bitcoin DeFi and multichain advancements, suggesting they could unlock a massive $2 trillion opportunity for Cardano.

Gambardello said, 

“It is the underlining fundamentals of Cardano that is number one, setting it apart from the rest, but it’s also going to give it the stamina to actually continue growing in value compared to other chains.”

He also points to the Federal Reserve’s anticipated shift from Quantitative Tightening (QT) to Quantitative Easing (QE) as a pivotal moment for cryptocurrencies, particularly Cardano.

He argues that the influx of liquidity into the market could serve as a strong bullish catalyst for ADA, potentially driving its price upward.

ADA’s inclusion in the Digital Asset Stockpile

Further strengthening his stance, he highlights ADA’s inclusion in the Digital Asset Stockpile, viewing it as a significant indicator of the asset’s long-term growth potential.

According to Gambardello, these factors collectively support the possibility of Cardano reaching the $10 mark in this cycle.

He said,

“I don’t know when this will happen, but if this starts ticking higher, this green line, do you realize what is in store for ADA? A $10, $350 billion market cap sounds crazy to a lot of people. I understand, but I will not sit here and ignore it and the possibility of it just because it sounds crazy.”

Source: Dan Gambardello/X

That being said, Gambardello draws parallels between Cardano’s past performance and its future potential, recalling its impressive surge from $0.30 to an all-time high of $3.09 in 2021—achieved without smart contract functionality or government recognition.

He argues that a climb to $10, representing a 1,300% increase, is feasible when compared to Ethereum’s trajectory in the previous bull cycle.

Way ahead

While he stops short of predicting an exact timeline, Gambardello acknowledges the likelihood of multiple retracements before ADA makes its final push toward the highly anticipated milestone.

As expected, he concluded it best when he said, 

“The thing I wanted to mention is the next weeks, especially going into April, could be volatile. There’s, I am absolutely not convinced that the short term, you know, volatility of, of crypto and ADA is over. So I want to just be aware of this range and what that range is, is actually an area, ADA very briefly tested and wicked into, and we might see ADA kind of just kind of test it very much.”

However, while Cardano’s recent buy signal and rising market activity suggest a short-term price rebound, caution remains.

The negative Funding Rate and elevated MVRV ratio indicate that traders are hesitant, making a sustained rally unlikely.

Hence, though ADA may experience a temporary surge, current market conditions suggest it won’t yet spark a lasting bull run.