Cardano (ADA) has seen a solid rebound since the Chang hard fork went live on the blockchain earlier this month. ADA traded at $0.383 at press time, with its 7-day gains at 15%.
According to analyst Dan Gambardello, Cardano’s market capitalization could 'realistically' rise to between $250 billion and $500 billion.
For Cardano to make such a rally, it would need to grow its market share significantly and outperform other competitive blockchains.
Cardano has seen a notable rise in buying momentum and its bullish sentiment remains strong, with the potential to reach new record highs.