Cardano Breaches Historic 4 Million Wallet Milestone

• Dan Gambardello has utilized Ethereum statistics to foretell the price of ADA.
• The price of ADA as of this writing is $0.3553, a 1.74% decrease from previous day.

On Saturday, Cardano crossed the 4 million wallet milestone. On this occasion, Dan Gambardello, founder of Crypto Capital Venture, stated Cardano is better positioned than Ethereum. He sees it as a significant event that portends a significant increase in the price of ADA, maybe as high as $15.

Dan Gambardello tweeted the exciting news that the number of Cardano wallets has passed the “historic milestone” of 4 million on March 25. He forecasted the ADA price and explained why it’s so important in a recent YouTube video.

In light of his past research, he correctly predicted the ADA high of $3 while the price was trading at $0.08 in June 2020 based on Ethereum events. Once again, Dan Gambardello has utilized Ethereum statistics to foretell the price of ADA.

On Par With Ethereum Claim

According to his findings, Ethereum’s market valuation at $4 million wallets in 2017 was $21 billion, whereas Cardano’s is $12 billion. During the upswing, the market capitalization of both Ethereum and Cardano increased to above $100 billion.

In the next bull market, he says, the price of ADA will soar to $15, and the market valuation would approach $500 billion. He thinks Cardano is a superior blockchain and that recent advances in the project are consistent with Ethereum.

Cardano’s scalability and improved projects after the Vasil hard fork, as well as upcoming advancements, were highlighted by Dan Gambardello. With a successful break over $0.33, the next major resistance level for ADA is $0.45. The price of ADA as of this writing is $0.3553, a 1.74% decrease from the previous day.