Dan Gambardello thinks the ADA coin is quite capable of reaching the figure during the next big bull rally.
Analyst thinks ADA is in a better position now than ether was once on the cusp of a bullish trend in 2017. However, Gambardello acknowledged that his projections are focused on the long term.
The bold assumptions are based on the March launch of the Ouroboros Hydra off-grid scaling protocol.
The solution is expected to increase the speed of transactions on the network to 1,000,000 per second, and this will be a significant achievement for the Cardano ecosystem.ADA now trades at $0.3814 per coin and has a capitalization of about $13.3 billion.
Last year, analysts at Finder made a hopeful prediction that ADA would rally rapidly to $58 by 2030..
A few months ago, Altcoin Buzz, an independent media channel about cryptocurrencies, listed ADA as one of the lowest-risk cryptocurrencies with good growth potential.