Logo
Cardano Ecosystem

Timestabloid

03/01/2024

·

55 views


Crypto Capital Venture Founder: Cardano (ADA) Won’t Be Below $1 Much Longer

Dan Gambardello, founder of Crypto Capital Venture, believes the days of Cardano (ADA) trading below $1 are numbered. The analyst, known for his bullish stance on Cardano (ADA), in a post on X, forecasts a significant upswing for the token. Gambardello’s confident outlook aligns with other analysts who believe the asset will soon break through […]

Crypto Capital Venture Founder: Cardano (ADA) Won’t Be Below $1 Much Longer

Dan Gambardello, founder of Crypto Capital Venture, believes the days of Cardano (ADA) trading below $1 are numbered.

The analyst, known for his bullish stance on Cardano (ADA), in a post on X, forecasts a significant upswing for the token. Gambardello’s confident outlook aligns with other analysts who believe the asset will soon break through resistance and set a new all-time high (ATH).

Cardano won’t be below $1 much longer.

— Dan Gambardello (@cryptorecruitr) February 27, 2024

Cardano Price History Supports Optimism

Cardano’s price history reinforces the potential for a substantial price increase. Despite the coin surging above $1 multiple times, these breakouts haven’t been sustained. In January 2018, ADA initially soared above $1 and peaked at $1.094. In 2021, Cardano experienced significant growth, culminating in an ATH surpassing $3.10.

Following this peak, the price dropped significantly, reaching a low of $0.2304 within the past year. However, recent indicators, alongside Bitcoin’s bullish momentum, suggest the worst of the downturn has passed, and ADA appears poised to surge again.

Analyst Forecasts and Ecosystem Growth

Gambardello expects Cardano (ADA) could reach $1 even before the next Bitcoin halving. This bullish sentiment is shared by market analysts, with some forecasting a near-term price target of $3. Amid the price prediction by analysts and Crypto Enthusiasts, Cardano is showing support for promising projects within its ecosystem.

As previously reported, Cardano’s Project Catalyst Fund 11, a decentralized funding initiative to empower promising projects within the Cardano ecosystem, has allocated resources to support 300 projects.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

The growth in DApps and real-world applications of Cardano further solidifies the blockchain’s potential for long-term success. Increased utility and adoption could drive ADA’s price closer to the bullish predictions.

Read Also: Changelly Experts Share Timelines for Cardano (ADA) to Hit $1.16, $2.35, $4.70, and $7.16 

An X user @CryptoSignalsU, responding to Gambardello’s post on X, made it known that while it is undeniable that cryptocurrency values are inherently volatile, the long-term growth prospects of Cardano “remains intriguing”.

This sentiment echoes a growing belief among many in the crypto space that despite the market’s notorious swings, certain digital assets like Cardano (ADA) possess the underlying fundamentals that could support sustained growth and broader adoption over time.

It’s important to remember that crypto markets are highly volatile. Analysts’ predictions, even those rooted in historical data and technical analysis, do not guarantee future performance. Investments always carry inherent risks.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Timestabloid

ORIGINAL SOURCE

https://timestabloid.com/crypto-capital-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Timestabloid

See more
Cardano (ADA) Is Closer to the Biggest Milestone in History
Timestabloid
Cardano (ADA) Is Closer to the Biggest Milestone in History

last Tuesday at 5:46 AM

·

23 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)