Dan Gambardello, the founder of Crypto Capital Venture, a world-class blockchain and AI industry talent recruiting firm, stated that Cardano’s market capitalization (MCAP) could reach $500 billion.
Just when the Layer-1 (L1) blockchain Cardano’s ADA token’s staking value reached $400 million at a $12 billion MCAP, Dan tweeted:
If people don’t understand why #Cardano is $12B market cap, they are going to be really confused when it’s sitting at $500B.$ADA
— Dan Gambardello (@cryptorecruitr) May 19, 2023
In another tweet, Gambardello stated that in the next crypto market bull run, Cardano would go on to break its all-time high (ATH). As per CoinGecko, ADA’s price has dropped 88% below its ATH of September 2021.
At press time, Cardano is trading at $0.369, up 2%, with an MCAP of $12,862,596,488, and a 24-hour trading volume of $173,163,067, up 73.83%, as per CoinMarketCap (CMC). On April 28, 2023, ADA was trading at $0.4166, with a 24-hour trading volume of $474.91 million, as per CMC data.
Meanwhile, as per a weekly development report released by Input Output Global, the firm researching and developing Cardano, Cardano hosts 126 projects, creating over 8.21 million native tokens, 7,872 Plutus scripts, 65.8 million total transactions, and 1,240 actively building projects.
Further, Cardano’s scaling solution Hydra Head recently went live on the mainnet to boost its scalability. The Hydra team’s April development also recently got published, which revealed that the repository and the website specifications are now updated, user issues are resolved, and the TUI peer list is fixed. Together these developments could benefit Cardano’s native ADA token’s price performance.
