Cardano Price Prediction – Can ADA 10x By 2023?
Cardano appears set to make a bullish run in the coming months with several high-profile crypto commentators picking ADA as a coin to watch in recent days.
Founder Charles Hoskinson has also promised there is a huge appetite from institutional investors with the blockchain set to welcome hundreds of new projects to their ecosystem after the successful Vasil hard fork upgrade.
But can Cardano, long considered an undervalued crypto coin without ever truly breaking out, finally make huge returns on its great promise?
Two videos emerged this week from highly influential crypto analysts that both spoke at length about the strengths of Cardano and native token ADA.
Dan Gambardello, who goes by Crypto Capital Venture and has more than 325,000 YouTube subscribers, claimed in a video that ADA could reach a $500 billion market cap in the next bull run.
Although it is not clear when the next bull run will start, a market cap of that size would give ADA a trading price of $15 - an increase of nearly 3,500% from today's trading price of $0.42.
Gambardello's analysis is based not only on the success of the Vasil hard fork but two more crucial updates planned in the near future - Basho, and Voltaire.
It is not yet clear when the two updates will take place, but Basho promises to improve transaction speed and Voltaire to introduce voting for network participants.
The upgrade will allow Cardano to process millions of transactions every second - for context, Ethereum can manage 10,000 TPS after the Merge - while Voltaire will make Cardano self-sustainable.
CoinBureau host Guy, who has more than 2.1 million subscribers on YouTube, echoed Gambardello's bullish sentiment on ADA - although didn't go quite so far as to predict a price of $15.
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