Mithril

Cardano

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
<a href="https://twitter.com/cryptorecruitr/status/1685014415937069057" rel="noopener noreferrer nofollow">Dan Gambardello</a>, a Cardano enthusiast and Crypto Capital Venture founder makes an interesting prediction on the ADA price. 
In a tweet, Gambardello predicts that the minimum all-time high for Cardano in the next bull cycle will be $7.80. He did not, however, elaborate on what might have impacted his deduction and belief on the <a href="https://u.today/cardano-millionaire-whales-on-steady-buying-spree-as-ada-price-teases-next-move" rel="noopener noreferrer nofollow">Cardano price</a>, although his later tweets may provide a hint. 
<blockquote class="twitter-tweet"> 
 $7.80 ADA minimum all time high in the next bull market.Save this tweet.<a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a>— Dan Gambardello (@cryptorecruitr) <a href="https://twitter.com/cryptorecruitr/status/1685014415937069057?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 28, 2023</a> 
</blockquote> 
Gambardello claimed that as banks and financial systems fail, the emphasis is shifting to cryptocurrency. He believes that the actual crypto bull market will begin in about a year. 
From its current price, <a href="https://u.today/2-billion-ada-demand-wall-might-push-back-cardano-bears-details" rel="noopener noreferrer nofollow">Cardano (ADA)</a> must increase almost 2,400% before it attains Gambardello's target of $7.80. This might seem like lofty speculation; however, it should be borne in mind that the crypto market never fails to surprise. 
Nonetheless, where the market is headed next remains an open question. 
As previously reported, ADA Whale, a Cardano community-focused Twitter account, believes in the likelihood of a Cardano bull run. However, the expectation was not for a "2023 story," as this may take time. 
At the time of writing, ADA was marginally down in the last 24 hours to $0.30. 
<h2 id="cardano-unveils-new-releases">Cardano unveils new releases</h2> 
In its most recent weekly <a href="//www.essentialcardano.io/development-update/weekly-development-report-as-of-2023-07-28" rel="noopener noreferrer nofollow">report</a>, Cardano builder Input Output Global (IOG) highlights the advancements made by the blockchain as evidenced in new releases. 
This week saw the launch of node v.8.1.2, a minor release of the <a href="https://u.today/2-billion-ada-demand-wall-might-push-back-cardano-bears-details" rel="noopener noreferrer nofollow">Cardano</a> node that brings updates to the Plutus interpreter. Mithril protocol's mainnet beta has also been launched, marking an important step forward for the Cardano network. 
According to the report's update, the Mithril team is monitoring the network and anticipates that it will begin creating certificates during the next Cardano epoch.

Cardano (ADA) Might Attain $7.80 in Next Bull Run: Prediction

Table of Contents

U_Today

Other articles published on Jul 29, 2023

U.S SEC Warns Crypto Accounting Firms for Misleading Auditing Claims

Worldcoin: A New Dawn in Cryptocurrency or a Privacy Nightmare?

Deutsche Bank Beats Expectations Despite 27% Drop in Profit

Animoca Brands’ $30 Million Investment Paves the Way for Personalized NFT Debit Cards and Mass Ad...

ArrayMonk ($AMK) Launches PreSale On August 1st

Chainlink, Cardano, and InQubeta Witness Soaring Demand as AI Gains Momentum

Join our free newsletter for daily crypto updates!