Dan Gambardello, the founder of Crypto Capital Venture, has laid out a bullish narrative for Cardano going into the . Based on his analysis, the crypto token has the potential to be one of the best-performing coins during that period.
History Could Repeat Itself For Cardano
In a posted on his YouTube Channel, mentioned how Cardano was currently in the same technical area it was in the last two market cycles before the . He further noted that on those two occasions, ADA managed to surpass expectations and ended up clocking a new all-time high (ATH) in the process.
Specifically, ADA is said to have seen a 2700% gain on its way to its current ATH of $3 after the 2020 Bitcoin Halving. Gambardello believes that this despite ADA being significantly down from its ATH. Although he was trying to be cautious with his price predictions, he raised the possibility of Cardano seeing an 1800% gain on its way to $10 in the next bull run.
Interestingly, that isn’t the crypto analyst’s most bullish prediction so far. He once stated that ADA could rise to $11 at a market cap of $400 billion. Then, he hinted that ADA could enjoy a similar run as ETH did in the last bull run due to its DeFi functionalities.
This time around, he once again made the , noting that the former hitting a market cap of $350 billion in the next bull run is still way less than ETH’s market cap in the last bull run.
ADA price at $0.54 | Source:
Bitcoin Halving Is The Key To Unlocking The Next Bull Run
Before now, Gambardello had hinted that the Bitcoin Halving was going to kickstart the . In his recent video, he once again suggested that the next bull run was going to start after the , noting how the bull cycles always take place after this event. He further highlighted how the Bitcoin chart was also indicating that the next bull run is imminent.
According to the crypto analyst, “a simple zoom out on a Bitcoin chart” shows that there is so much to be bullish about. Altcoins are not left behind, as Gambardello also claimed that the charts of altcoins like suggested that something was getting ready to happen, implying that a massive rally was on the horizon.
Meanwhile, Gambardello wasn’t only bullish on the crypto market from a technical analysis perspective. He alluded to fundamentals like recent developments around the , which show increased demand for the flagship crypto token, Bitcoin.