- Cardano advocate Dan Gambardello predicted ADA’s market cap could reach $500 billion in the next bull market.
- Gambardello drew similarities between Cardano’s present state and Ethereum before the 2021 bull market.
- Data from CoinMarketCap show ADA has declined by 1.55% in the last 24 hours.
Longtime Cardano advocate and founder of Crypto Capital Venture Dan Gambardello, in a recent tweet on X, made a bullish prediction that ADA could boost beyond present market cap levels in the near future.
Gambardello, renowned for his many optimistic takes on ADA, said the token could hit new highs in the next crypto bull market. The crypto analyst drew a line between Cardano and Ethereum to drive home his argument.
According to Gambardello, Ethereum topped out around $100 billion in the 2017 bull market. He continued that the integration of Decentralized Finance projects came in the 2018 bear market. “Next bull market, ETH topped out at around $500B,” he said.
Elaborating more on how that applies to ADA, Gambardello said ADA peaked at around $100B in the 2021 bull market. He stated that Cardano DeFis came online during the 2022 bear market, thus suggesting that…
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