Analyst Predicts Cardano (ADA) Price at $7.80

Over the past two months, the price of Cardano (ADA) has ranged from $0.261 to $0.356, well below its all-time high. However, the analyst and enthusiast “blockchain Scientific, Dan Gambardello predicts ADA could reach $7.80 in the next bull market.

Cardano enthusiast and YouTuber Dan Gambardello shared in front of his 245K followers on X (Twitter) a bold Cardano price prediction.

Dan Gambardello: Cardano will hit $7.80

Gambardello shared his optimism through tweet which indicated that the price Cardano could hit $7.80 and thus hit a new all-time high. in the next bull market. To give more emphasis, the analyst sentenced: “Save this tweet.”

The prediction proposed by Gambardello prompted various comments on Twitter. User @FaulknerPearce unprotected In response to an analyst tweet:

Wouldn’t it be more useful to start shifting the narrative form from price speculation to speculation about world-enhancing/utility potential?

For his part, @chris_minka shared opinion likewise after the underline: “LMAO, only a beginner will fall for this, ADA will not break $3 in the next bull rally.”

At the time of publication, The price of Cardano is $0.296.. According to data from CoinGecko, ADA has fallen almost 2% in the last 24 hours and is 90% below its all-time high.

Over the past two months, ADA has fluctuated in a price range of $0.261 to $0.356. However, On July 13, it reached a monthly high of $0.368.

Cardano currently has 35,045,020,830 ADA tokens in circulation. For Gambardello’s prediction to come true, ADA is set to reach a market capitalization of $273.35 billion.

In comparison, the second largest cryptocurrency Ethereum (ETH) has a market capitalization of $221.30 billion.

Mithril protocol goes mainnet

Recently, Input Output Global, developer of Cardano, made it famous What mithril protocol is available at main network and the first certificate and snapshot have been created.

This protocol aims to increase node synchronization time without sacrificing security by taking a snapshot of the node’s current state. blockchain.

Mithril is one of the most important pillars of the Cardano Basho era, which aims to “optimize, improve network scalability and interoperability.”

On the other hand, according to DefiLlama, Cardano’s total blocked flight is $175.6 million. July 13 last year hit an annual high of $209.16 million.

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