Renowned crypto trader and analyst Dan Gambardello have just released his latest Cardano (ADA) analysis via his YouTube channel. In his insightful video, he confidently asserts that ADA’s recent launch of the Hydra scaling solution has significantly strengthened its fundamental position in the market. As a seasoned expert in the field, Gambardello’s analysis is a must-watch for any serious investor looking to stay ahead of the game.
After successfully launching its first mainnet version of Hydra, Cardano is poised to revolutionize the crypto landscape. With the implementation of this cutting-edge scaling solution, the network’s Transaction Per Second (TPS) rate is projected to soar to an unprecedented 1,000,000 transactions per second. As a result, industry experts are hailing Hydra as the most significant scaling solution for the Cardano ecosystem, cementing its position as a game-changer in cryptocurrency.
According to Gambardello, the recent Hydra launch has fortified ADA’s technical prowess. He confidently asserts that ADA is currently in a more advantageous position than Ethereum (ETH) before the 2017 market surge.
According to the trader, ADA’s market capitalization is poised to hit a staggering $500 billion, potentially during the next crypto bull run. While Gamberdello acknowledged that his projections are more geared towards the long-term, his insights remain a compelling indicator of the cryptocurrency’s potential growth.
According to the latest update from CoinMarketCap, ADA’s current trading price stands at $0.387, reflecting a 0.42% decline in the past 24 hours. Unfortunately, this downward trend has also impacted the weekly performance of the Ethereum competitor, resulting in a negative growth rate of -4.06%.
ETH demonstrated its superiority in the market by achieving a 2.54% 24-hour gain, trading at $1,945.90. This impressive performance propelled its weekly performance to a positive +2.29%. Despite ADA’s market cap of approximately $13 billion, it still has a considerable distance to cover before it can match ETH’s market cap of over $234 billion.
Please note that this price analysis offers perspectives and insights in good faith. We encourage readers to conduct their research and exercise due diligence before making decisions. Any actions based on the information provided are solely at the reader’s discretion and risk. Coin Outlook assumes no responsibility for any direct or indirect damages or losses incurred. Thank you for your understanding and discretion.
