Analyst Sees $10 Potential for Cardano After ADA Breaks $1 Resistance

• Dan Gambardello predicts that Cardano’s ADA could reach the $10 mark in the upcoming bull market in an X post on January 5.
• Cardano’s price would need to rise by approximately 825.93% from its current price of $1.08 to reach the $10 mark.

Veteran crypto analyst Dan Gambardello, founder of Crypto Capital Venture, has once again shared his bullish stance on Cardano (ADA). Gambardello believes ADA has the potential to skyrocket to $10 during the current market cycle. In a January 5 post to his 279k followers on X, he stated that ADA could increase tenfold if it successfully breaks the $1 resistance level.  

Although Gambardello did not elaborate on his reasoning in Sunday’s post, his previous analyses have consistently emphasized Cardano’s strong fundamentals as a major factor in its long-term growth.

Fundamental Strengths Driving Optimism

In a video analysis on December 31, 2024, Gambardello emphasized the strength of Cardano’s fundamentals, which he believes could thrive amid macroeconomic and political shifts, including the return of Donald Trump’s incoming administration. He also highlighted Cardano’s expanding ecosystem as a major growth catalyst; the analysts described Cardano as an underdog waiting to explode with the right catalysts.

Gambardello referenced a December 30 post from Cardano founder Charles Hoskinson, who expressed confidence that the blockchain would reach “new heights” in 2025. Hoskinson’s optimism is anchored in several major developments within the ecosystem. First, Cardano is expanding its role in Bitcoin DeFi through its partnership with BitcoinOS. Second, the launch of its privacy-focused protocol, Cardano Midnight, which plans to unlock an astounding $20 trillion worth of crypto assets. 

Finally, Layer 2 solutions, such as Cardano Midgard, are introduced, a custom-built optimistic roll-up protocol that aims to enhance the scalability of Cardano’s Layer 1 significantly. In his year-end analysis, Gambardello set a target of $7 to $8 for ADA based on the assumption that the coin could capture at least 50% of the momentum Ethereum experienced in its last bull market. He projected that this scenario would bring ADA’s market capitalization to $250 billion. 

Other analysts suggest that ADA could see a meteoric rally similar to XRP’s if major asset managers file for U.S. Securities and Exchange Commission (SEC) approval for ETFs directly tied to ADA. This would significantly broaden access for traditional investors in the U.S., driving greater adoption as Cardano progresses toward full decentralization in 2025.

Currently, Cardano is trading at around $1.07. In the last 24 hours, its trading volume has surged by 3.62%, reaching $1.18 billion, although its market cap has decreased by 0.76% during the same period. The analyst’s positive outlook, combined with Cardano’s expanding ecosystem and growing institutional interest, has fueled optimism among investors for strong performance in 2025.