thecryptobasic.com
Cardano permabull Dan Gambardello has continued to hint at an explosive Cardano move, recently arguing that the token could increase twofold out of nowhere.
His analysis sounds a clarion call to those sleeping on Cardano, especially as the token enters a recovery state. After a few weeks of a sideways price trend, ADA has started to recoup lost ground, rallying over 3% over the past 24 hours.
A Glimpse of Things to Come for Cardano
Nonetheless, Gambardello suggested that this is just the start for Cardano. He shared in his Cardano price prediction that while many are still trying to observe the token’s price action, it will double “out of nowhere.”
However, Cardano will continue to thrive even with the sales. Notably, this aligns with the view that the market moves in the opposite direction to crowd sentiment, with such contrarian play widely known to benefit the brave.
Moreover, the top analyst emphasized that this resilience would prompt people to reevaluate their bearish positions and trigger panic buying. When they do, prices will consolidate.
He added that the same cycle of selling during brief dips and buying the top would continue with Cardano persistently climbing to higher prices.
How High Can Cardano Go?
Gambardello has been a longstanding macro bull and has predicted that Cardano will rally significantly in the mid- to long-term. While he did not mention any target for this continued ADA climb, his past analysis did.
He recently suggested that Cardano will reach $7.5 this cycle and further provided the best ways to scale out, indicating his confidence in the move. He also believes that $10 is a realistic target for Cardano.
Other analysts also share similar price targets. For instance, stake pool operator Ssebi highlighted that Cardano at $10 is cooking, tapping widespread adoption and ETF prospects to drive this rally.
Community Reactions
Meanwhile, some met Gambardello’s prediction with optimism, and others disagreed. A reaction highlighted that ADA has trended poorly against Bitcoin and that the token isn’t worth holding. Another user also mentioned that ADA has no users.
Nonetheless, other reactions concur with the projection, noting that patient ADA holders will win. Another user agrees with the sudden move, insisting that ADA moves when no one expects it. Others also believe Cardano’s technology and community will catalyze this surprising move.