Dan Gambardello, founder of Crypto Capital Venture, on Saturday said Cardano is better positioned than Ethereum after Cardano breached the 4 million wallet milestone. He believes it is a historic milestone that indicates massive upside potential in the ADA price to $15.
Cardano influencer Dan Gambardello in a tweet on March 25 shared the interesting news of the number of wallets on the Cardano network breaching the 4 million “historic milestone.” In a new YouTube video, he revealed why it is such a crucial number and predicted the ADA price.
After his earlier analysis of accurately predicting the ADA high of $3 when the price was trading at $0.08 in June 2020, based on Ethereum events. Dan Gambardello has once again used Ethereum data to predict ADA price.
According to his analysis, Ethereum hit 4 million wallets in 2017 at a market cap of $21 billion and Cardano reached the 4 million wallet milestone at a $12 billion market cap. In the bull run, Ethereum went on to hit 125 billion market cap and Cardano hit a $91 billion market cap.
He predicts ADA price will hit a high of $15 in the next bull market, with the market cap reaching nearly $500 billion. He believes developments related to Cardano are in line with Ethereum and considers Cardano a better blockchain.
“I’m not even discussing the fundamentals here. I’m not even discussing what Cardano as a blockchain is doing. When I did this video last time, Shelly wasn’t even here, the staking mechanism for Cardano wasn’t even here yet, the Mary hard fork was not even here yet, multi-asset Ledger, Alonzo, and smart contracts.”
Dan Gambardello noted that Cardano now has scalability and better projects after the Vasil hard fork and more innovations are coming on the Cardano network.
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ADA price has broken above the $0.33 support level and the next crucial resistance level is at $0.45. At the time of writing, the ADA price is trading at $0.36, trading up 1% in the last 24 hours.
Moreover, ADA is even gaining attention from whales as it is back on the top 10 purchased tokens among the biggest BSC whales in the last 24hrs, as per data by WhaleStats.
The 24-hour low and high are $0.357 and $0.364, respectively. The trading volume is currently down due to the lack of interest among traders in the broader crypto market.
Also Read: XRP News: XRP Outperforms Bitcoin, Ethereum; Whales Move 383 Million XRP
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