Analyst Dan Gambardello warned about potential Cardano price fluctuations and shared historical data from previous price cycles.
Warning and Analysis from Dan Gambardello
Cardano rose significantly in the previous price cycle, gaining nearly 3,000%. However, out of 287 growth days, 127 saw significant price drops. According to Gambardello, despite potential big profits, volatility is likely to continue if new growth begins.
Cardano Foundation Financial Report
The release of Cardano Foundation's first financial report drew attention to its transparent approach. The foundation spent $19.22 million in 2023 on various areas including operations and training. As of the end of 2023, the foundation's cash assets totaled $478.24 million, 82.5% of which are in ADA.
Current ADA Price and Forecast
Despite corrections, ADA's price remains above $0.5. Analyst Gert van Lagen suggests ADA could reach $10 or even $40 in the long term, based on the Elliott wave theory.
By examining historical data and current indicators, experts suggest Cardano may face volatility. However, the positive impact of financial transparency and strong chart indicators may support ecosystem growth.
