(Commonwealth Union)_Given that ADA has just been selected as a coin to watch by a number of well-known cryptocurrency analysts, Cardano looks to be in for a bullish run in the upcoming months.
The blockchain is expected to welcome hundreds of new projects to their ecosystem following the successful Vasil hard fork upgrade, according to founder Charles Hoskinson, who also claimed there is a significant interest from institutional investors.
But will Cardano, which has long been regarded as an undervalued cryptocurrency without ever really taking off, really deliver on its lofty potential?
This week, two lengthy films from highly regarded crypto analysts discussing the benefits of Cardano and its native cryptocurrency ADA were released. In a video, Dan Gambardello, also known as Crypto Capital Venture, who has more than 325,000 YouTube followers, said that the next bull run for ADA could see its market cap reach $500 billion. A market cap of such scale would give ADA a trading price of $15, a gain of approximately 3,500% from the current trading price of $0.42, even though it is unclear when the next bull run will begin.
Gambardello’s analysis is based not only on the Vasil hard fork’s success but also on the two other significant improvements, Voltaire and Basho, which are scheduled to be released soon. Voltaire will introduce network participant voting, while Basho promises to increase transaction speed. The exact timing of the two updates is still unknown.
In comparison to Ethereum, which can handle 10,000 TPS after the Merge, the upgrade will enable Cardano to perform millions of transactions every second, and Voltaire will make Cardano self-sustaining.
Guy, the host of CoinBureau and a YouTuber with more than 2.1 million subscribers, concurred with Gambardello’s strong outlook on ADA but stopped short of forecasting a price of $15.
Price Prediction for Cardano
Cardano has the underlying essential attributes to develop into one of the leading blockchains in the industry, despite the fact that it is difficult to forecast the future success of any cryptocurrency company. Despite a great performance in 2021, Cardano has consistently guaranteed investors that it will rank among the top altcoins available today.
The project, however, has continued to develop and attract investors during the bear market and is one that seems poised for breakout gains when the bull market arrives. It’s not too impossible to envision a 10x gain, to about $4.20, should the market have a significant upturn.
Another green-focused project, like Cardano, that aims to make carbon credits tradeable for everyone in order to help with the climate catastrophe is IMPT. Diversification is essential for any portfolio. The project just started its presale, and in the first four days, it raised more than $1.5 million.
