Cardano (ADA) Set for Major Rally, Analyst Predicts New All-Time High
Crypto analyst Dan Gambardello, founder of Crypto Capital Venture, believes Cardano (ADA) is on the brink of a significant rally.
In a recent update on X (formerly Twitter), Gambardello outlined a five-stage cycle for ADA’s bull market.
He described the stages as: “Cardano down, fun while it lasted,” followed by “Tech does nothing, just a bull trap.”
Cardano Cycle in 5 Steps:
1. “Cardano down, fun while it lasted.”
2. “Tech does nothing, just a bull trap.”
3. “Told you. You should’ve listened.”
4. “Here we go again, another bull trap.”
5. “All-time highs shattered!”Same story, different cycle.
We’re at Step #3. pic.twitter.com/Y8GTEv4zXd
— Dan Gambardello (@cryptorecruitr) September 11, 2024
Currently, Gambardello sees ADA in the third stage, “Told you. You should’ve listened,” with expectations of a further bull trap before hitting “All-time highs shattered!”
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Despite ADA’s all-time high of $3.10 from September 2021 and its current 88.53% drop from this peak, Gambardello remains optimistic.
He points to upcoming events like the Chang hardfork and the development of the Cardano Constitution as potential catalysts for a price surge.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
