Cardano<\/a> Price Prediction: Crypto analyst Dan Gambardello predicts a 3000% gain in ADA price despite a steady drop in total value locked since March 2022.<\/strong><\/p>\n At press time, the total value locked (TVL) in Cardano\u2019s decentralized finance ecosystem was $76.5 million, down almost 76% from the $326 million recorded in March 2022.<\/p>\n Gambardello\u2019s\u00a0price prediction<\/a>\u00a0hinges on Cardano\u2019s execution of the final two stages of its roadmap, Basho and Voltaire. The most recent\u00a0Vasil upgrad<\/a>e is part of the penultimate Basho phase focused on scaling the blockchain. It introduced higher network capacity, lower transaction fees, and faster transactions. The next stage, Voltaire will introduce governance standards.<\/p>\n The way Cardano has gone about the upgrade takes it closer to achieving the trilemma of security<\/a>, decentralization, and scalability, Gambardello argues. And a price prediction of $15 is not outlandish if one considers that ADA was trading at around $0.12 in July 2020 outside of a bear market. It rallied 2300% to a little under $3 during the next bull market in Aug. 2021. If Gambardello had made that prediction during a bear market, ADA\u2019s price jump would have been more drastic, around 8000%, and would have been correct.<\/p>\n Considering that the current price is occurring within a bear market, it may not be implausible to believe that it would increase to $15 in the next bull market.<\/p>\n Gambardello also believes that ADA\u2019s market cap could reach $500 billion in the next bull market as the final phases of its roadmap are tied up, and the decentralized application ecosystem matures. This would also take ADA\u2019s price to $15.<\/p>\n On the flip side, Cardano\u2019s slow but steady decline in total assets locked to roughly $76 million now places it in twenty-seventh place, behind Algorand<\/a> (ALGO), Avalanche<\/a> (AVAX), and Polygon (MATIC<\/a>). Ethereum<\/a> still leads the pack with $32 billion.<\/p>\n Despite Dan G.\u2019s optimism, futures<\/a> analyst Peter Brandt\u00a0predicts<\/a>\u00a0that\u00a0ADA\u2019s price will drop<\/a>\u00a0to sub-$0.30 levels later this year, following a descending triangle chart pattern that started in May 2022. Brandt advocates charting techniques promoted in the teachings of Robert D. Edwards, John Mageem, and W.H.C. Bassetti.<\/p>\n Earlier this year, ADA\u2019s price showed bearish movement leading up to the Vasil hard fork. After the upgrade, the total value locked in DeFi<\/a> applications rose by 6%.<\/p>\n Combining the long-term predictions of Dan G and Brandt means that in the short term, we can expect to see bearish movements peppered with spikes in TVL while the development team pushes toward the completion of the roadmap. Long-term, it may not reach $15, but historical price behavior suggests there may still be a substantial price increase.<\/p>\n At press time, ADA was trading at around $0.43, data<\/a> from Coingecko shows.<\/p>\n Got something to say about this Cardano price prediction or anything else? Join the discussion in our Telegram channel.<\/a> You can also catch us on Tik <\/a>Tok<\/a>, Facebook<\/a>, or Twitter<\/a>.<\/strong><\/p>\n All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.<\/p>\n<\/p><\/div>\nCardano price prediction is not outlandish<\/h2>\n
![\"Cardano](\"https:\/\/s32659.pcdn.co\/wp-content\/uploads\/2022\/09\/Cardano-ADA-Negative-850x478.jpg.webp\")
<\/figure>\nDan G clashes with Brandt over price<\/h2>\n
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