thecoinrepublic.com
Cardano (ADA) price could reach $10 in the coming bull cycle. It is a 1,300% increase from current prices around $0.70, according to crypto analyst Dan Gambardello.
Gambardello points to several fundamental factors that make this move “very realistic” when considering Cardano’s positioning within the broader crypto market.
White House Recognition Puts Cardano in Elite Company
Cardano has gained official recognition, with the Executive Director of the White House Crypto Working Group, Bo Hines, mentioning ADA among the cryptocurrencies being considered for the government’s crypto stockpile.
The stockpile also includes Bitcoin, Ethereum, XRP, and Solana.
According to Gambardello, this inclusion sends a powerful signal to the market.
When asked about the selection criteria, Hines explained:
“The reason that those five tokens were listed or mentioned is truly just based on market cap, the five largest market caps in this space.”
Meanwhile, Cardano founder Charles Hoskinson is preparing to moderate a discussion with Donald Trump Jr. and World Liberty Financial at the DC blockchain summit on March 26.
The discussion will focus on digital liberty and expanding global access to digital assets.
Gambardello views this collaboration as “a big deal” for Cardano’s visibility and positioning.
Cardano’s Technical Advantages Position it for Major Growth
Cardano’s foundational technology gives it several competitive advantages that could fuel substantial price appreciation in the coming market cycle, per Gambardello.
The analyst believes that ADA will become increasingly important as the market matures.
He noted,
“Cardano blockchain, not only in this consistent top 10 market cap, now on the radar of the White House crypto stockpile, which is phenomenal, but Cardano, the best technology, fundamentally secure, decentralized, and scalable. The things that crypto and blockchain should be, Cardano is that.”
Notably, these technological advantages weren’t fully developed during the previous bull market, when ADA still managed to surge over 2,000% from $0.13 to over $3.
Macroeconomic Catalysts and Cardano Price Targets
The timing of Cardano’s potential growth goes hand in hand with approaching shifts in monetary policy that historically benefit risk assets like cryptocurrencies.
Gambardello points to the Federal Reserve’s planned reduction in quantitative tightening (QT) beginning in April as a crucial catalyst.
Gambardello explained,
“The bullish setup when QT ends, a Fed pivot to QE or rate cuts would be a major bullish catalyst for crypto.”
Even the initial slowing of quantitative tightening could start improving market conditions before its complete end and the potential start of quantitative easing (QE).
While maintaining his $10 long-term price target for ADA, which means a market capitalization of approximately $350 Billion, Gambardello acknowledged short-term volatility remains likely.
He identified key support levels between $0.50 and $0.60. Noting that ADA price “might see crypto start falling” amid geopolitical tensions and tariff discussions.
“I am absolutely not convinced that the short term volatility of crypto and ADA is over,” he cautioned, pointing to Fibonacci retracement levels.
He suggested possible retests of support around $0.50 or potentially dropping into the $0.40s before moving into an uptrend.