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Though A Long Shot, Cardano Could Hit $500 Billion Market Cap, Analyst Reveals Why

  • 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.

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