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Cardano Next Move “Will Shock” the Masses, Says Top Analyst

Author: Content Editor
Crypto commentator Dan Gambardello believes that Cardano (ADA) is poised for a significant move in the near future. He points to Cardano's performance during the 2020 bull run and draws parallels with the current market cycle. Gambardello highlights that in October 2020, ADA traded at $0.09, and he correctly predicted an uptrend for the asset at that time. Cardano went on to reach a peak of $3.10 in September 2021, providing investors with a 3,340% return. Gambardello reassures current Cardano holders that the asset is on track and that the coming days look promising. He suggests that altcoins like Cardano could stage comebacks similar to what was observed four years ago. Despite ADA's lackluster performance during the post-halving consolidation phase, Gambardello argues that Cardano's current underperformance is not unusual based on historical trends. He points out that ADA's current position is even more robust than in the last cycle, with improvements in infrastructure and community ownership. Gambardello predicts that Cardano could break above the $1 mark by December and potentially reach the $5-$10 range. However, he also warns of downside risks and the possibility of further consolidation before ADA makes its anticipated move.

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