Analyst Dan Gambardello Predicts ADA Could Reach $10

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 stated:
> “It is the underlying fundamentals of Cardano that set it apart from the rest, but it’s also going to give it the stamina to 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 stated:
> “I don’t know when this will happen, but if this starts ticking higher, do you realize what is in store for ADA? A $10, $350 billion market cap sounds crazy to a lot of people, but I won’t ignore the possibility of it.”

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.

He concluded:
> “The next weeks, especially going into April, could be volatile. I am absolutely not convinced that the short-term volatility of crypto and ADA is over.”

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 ignite a lasting bull run.