Crypto trader and analyst Dan Gambardello recently made his prediction that Cardano (ADA) will make it to a staggering $500 billion market capitalization in the future crypto bull run. His analysis comes after the launch of the network’s first mainnet version of Hydra. This new scaling solution is expected to eventually increase the network’s Transaction Per Second (TPS) rate to 1,000,000 transactions per second. As such, members of the crypto community are calling Hydra the most significant scaling solution for the Cardano ecosystem.

Gambardello is of the belief that the recent Hydra launch has made ADA both fundamentally and technically strong, more so than Ethereum (ETH) was before the 2017 bull run. Even though the crypto market had a negative performance in the day at the time of reporting with ADA printing a 0.42% loss, pushing its weekly performance further in the red at -4.06%.Nonetheless, the long-term potential of ADA is looking promising according to Gambardello.

ETH, on the other hand, was trading at $1,945.90 with a market cap of around $234 billion - showcasing a 2.54% 24-hour gain and pushing its weekly performance into the green at +2.29%. In comparison to ETH, ADA’s market capitalization stood at a mere $13 billion, still a long way off reaching the set target of $500 billion.

Nevertheless, investors must bear in mind that any predictions made should be taken with a grain of salt and it is important to do one’s own due diligence when researching the cryptocurrency market. It has been said that the crypto market is highly unpredictable and can change in an instant, and attempting to take advantage of the positive price movements must be done with caution and investment strategies should always be well-thought-out.



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