Cardano supporter and founder of Crypto Capital Venture Dan Gambardello presents an intriguing forecast on the price of ADA.
Gambardello believes that Cardano will reach a minimum all-time high of $7.80 during the next bull cycle in a tweet. He did not, however, go into detail about what would have affected his conclusion and belief about the Cardano price, however his subsequent tweets might have given away anything.
According to Gambardello, when banks and financial institutions fail, bitcoin is becoming more important. He predicts that in approximately a year, the true crypto bull market will start.
Before reaching Gambardello’s target price of $7.80, Cardano (ADA) must grow by about 2,400% from its present pricing. Although this might sound like a high prediction, keep in mind that the cryptocurrency market is often surprising.
However, it’s still unclear where the market will go next.
As was previously mentioned, the Cardano community-focused Twitter account ADA Whale thinks there will probably be a bull run for the cryptocurrency. It was not expected that this would be a “2023 story,” as it would take some time.
At the time of writing, the price of ADA has decreased somewhat over the previous day to $0.30.
Cardano unveils new releases
Input Output Global (IOG), a Cardano developer, recognises the progress achieved by the blockchain as demonstrated by new releases in its most recent weekly report.
The Cardano node’s minor version, node v.8.1.2, which includes upgrades for the Plutus interpreter, was released this week. Launching the mainnet beta of the Mithril protocol also represents a significant advancement for the Cardano network.
The report’s update states that the Mithril team is keeping an eye on the network and believes that certificate creation will start during the following Cardano epoch.
