Dan Gambardello: ADA Could Spike as Cardano Hits 4M Wallets
- The number of wallets on the Cardano network has crossed four million.
- ADA’s current status is similar to that of ETH in 2017, ahead of the bull run.
- Cardano’s development is similar to that of Ethereum and Binance, two blockchains with similar characteristics.
Cardano has breached the four million wallets mark, and Dan Gambardello, the founder of Crypto Capital Venture, believes it is a significant milestone that could see the layer 1 blockchain’s native token Cardano (ADA) explode in price. In a recent analysis, Gambardello compared ADA’s current status with that of Ethereum in 2017, ahead of a significant bull run that saw the price of ETH skyrocket.
According to Gambardello, who happens to be an ADA enthusiast, in June 2020, when ADA was at 8 cents, he used Ethereum’s price behavior to predict that ADA would climb above $3. That prediction was fulfilled, as the “Ethereum Killer” surged during the following bull run, adding a market capitalization of $91 billion.
Gambardello noted that the current mark…
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