According to analysis by Dan Gambardello, the digital asset Cardano (ADA) is poised for significant growth.
Structure of Cardano Bull Cycle
Analyst Dan Gambardello highlighted five stages of the Cardano bull cycle. The first stage is called “Cardano down, fun while it lasted,” followed by “Tech does nothing, just a bull trap.” The third stage is “Told you. You should’ve listened.” The fourth stage is “Here we go again, another bull trap,” and the final stage is “All-time highs shattered!”
Analyst Dan Gambardello's Opinion
Gambardello has been a significant proponent of Cardano and believes the cryptocurrency will soon achieve a new all-time high. According to him, ADA is currently in the third stage, which suggests a high likelihood of growth in the near future.
Current State of ADA Market
In the past 24 hours, ADA has increased by more than 5%, aligning with the third stage of the bull cycle as described by the analyst. The current all-time high for ADA is $3.10, witnessed three years ago in September.
The analyzed stages of the cycle and the current state of the market indicate positive forecasts for Cardano. However, time will tell if this prediction will prove accurate.
Comments