Cardano

bullish

Shiba Inu

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Dan Gambardello, the founder of Crypto Capital Venture, is bullish about Cardano (ADA). As one of the biggest advocates for the coin, he has&nbsp;<a href="https://x.com/cryptorecruitr/status/1844911987698041034" rel="noopener noreferrer nofollow">predicted</a> that the coin will hit $0.5 by the end of October.</p>
<h2 id="gambardello-bets-1-000-ada-on-0-5-ada-prediction">Gambardello bets 1,000 ADA on $0.5 ADA prediction</h2>
<p dir="ltr">It is worth noting that ADA is currently trading at $0.3535, about 40% away from the price level predicted by Gambardello.</p>
<p dir="ltr">For Cardano (ADA) to reach the predicted level, it would require strong catalysts or a notable milestone — probably an event that would drive liquidity toward the coin and increase its demand among investors.</p>
<p dir="ltr">However, Gambardello seems very confident about his forecast, even promising to give 1,000 ADA coins to one of his followers should his forecast falter. The financial expert did not share the basis for his prediction, but he is likely resting on the historical reference of&nbsp;<a href="https://u.today/market-rule-number-1-about-uptober-pump-shared-by-shib-executive" rel="noopener noreferrer nofollow">October as the traditional bullish month</a>.</p>
<p dir="ltr">Beyond Cardano, even Shiba Inu bulls and other altcoins look forward to the&nbsp;<a href="https://u.today/500-million-in-shiba-inu-shib-in-24-hours-something-big-coming" rel="noopener noreferrer nofollow">Uptober ride</a>.</p>
<h2 id="cardano-marks-series-of-milestones">Cardano marks series of milestones</h2>
<p dir="ltr">Additionally, ADA's current outlook supports Gambardello's bullish stance. Some upcoming updates might push the coin toward its next 52-week high.&nbsp;<a href="https://u.today/cardano-to-step-up-ethereum-rivalry-with-layer-2-solution" rel="noopener noreferrer nofollow">Cardano plans to catch up with the Ethereum</a> ecosystem regarding its Layer-2 scaling solution.</p>
<p dir="ltr">In light of this goal, Sundaeswap, one of the dApps on Cardano, said it has finished the initial draft specification for its L2 protocol, Gummiworm. Markedly, the startup designed the protocol "to provide fast and instant transaction finality to Cardano DeFi."</p>
<p dir="ltr">Meanwhile, Cardano reached a significant milestone a few days ago by&nbsp;<a href="https://u.today/cardano-hails-first-smart-contract-milestone-in-argentina-details" rel="noopener noreferrer nofollow">hosting its first legally enforceable smart contract in Argentina</a>.</p>
<p dir="ltr">According to the notification sent to the Cardano community, the enforceable contract is in full compliance with the laws of the Argentine Republic. More such events could bring about a price rally for ADA.</p>

Can Cardano (ADA) Hit $0.5? Dan Gambardello Issues Unexpected Timeline

Table of Contents

U_Today

Other articles published on Oct 12, 2024

Scroll Defends Its Partnership with Binance to Address Community Concerns

Caizcoin vs The Competition: Unveiling the True Pioneer of Islamic Crypto

New Memecoin Silver Pepe to Surge 16,000% Ahead of First Exchange Listings, As DOGE and SHIB Fall

5 Best Meme Coin to Buy Now With Huge Potential for 2024 – $NEIRO, $MOG, $PEPU, $SPX, $FLOCK

AVAX Price Surges Amid Token Repurchase Plan by the Avalanche Foundation

Scroll’s Binance Listing Sparks Debate: What’s Really Happening?

Join our free newsletter for daily crypto updates!