The price of Cardano (ADA) is predicted to reach $10 in the upcoming bullish cycle, increasing more than 1,300% from the current price of around $0.70. This prediction was made by crypto analyst Dan Gambardello, who views this increase as realistic.
White House Recognition and Cardano's Market Position
Reported by The Coin Republic, Cardano has gained official attention after the Executive Director of the White House Crypto Working Group, Bo Hines, mentioned ADA as one of the cryptocurrencies considered for the government's digital asset supply. Besides Cardano, the list includes Bitcoin, Ethereum, XRP, and Solana.
According to Gambardello, this inclusion sends a strong signal to the market and enhances ADA's credibility among institutional investors. Hines explained that the selection of digital assets is based on the largest market capitalization in the crypto industry.
In addition, Cardano founder Charles Hoskinson is scheduled to moderate a discussion with Donald Trump Jr. and World Liberty Financial at a blockchain summit in Washington, D.C., on March 26. This discussion will address digital freedom as well as the expansion of global access to digital assets, which is seen as a significant step for Cardano's visibility and position in the market.
Technological Advantages of Cardano
Gambardello emphasized that Cardano's technology has a competitive edge that can support price growth. He mentioned that the Cardano blockchain not only ranks within the top 10 by market capitalization but is also considered one of the most secure, decentralized, and scalable.
In the previous bullish cycle, although Cardano's technology was not fully developed, the price of ADA surged over 2,000% from $0.13 to over $3. With its current technological advancements, the potential for higher price increases is seen as increasingly open.
Macroeconomic Factors and Price Targets
Macroeconomic factors are also a major catalyst for Cardano's price movements. Gambardello highlighted the Federal Reserve's plan to reduce quantitative tightening (QT) policy in April. According to him, transitioning to quantitative easing (QE) or interest rate cuts will be a key trigger for overall cryptocurrency price increases.
While optimistic about a long-term price target of $10, Gambardello still warns of potential volatility in the short term. He identifies key support levels between $0.50 to $0.60, with the possibility of retesting support around $0.50 or even dropping to $0.40 before experiencing an upward trend again.
With a combination of fundamental factors, macroeconomic support, and recognition from the White House, analysts believe that ADA has the potential to reach higher price levels in the future.
