Cardano (ADA) Coming? Crypto Capital Venture Founder Dan Gambardello Is Willing to Wager 1,000 ADA Tokens on It

Cardano's ADA has been one of the worst-performing crypto assets since the beginning of the year. ADA even dropped out of the elite top 10 crypto league.

Renowned crypto capital venture founder and ardent Cardano fan Dan Gambardello is highly optimistic about ADA reaching the 50-cent mark by the end of October — so much so that he’s willing to wager 1,000 ADA tokens on it.

Cardano’s ADA has indeed been faring poorly among other major crypto assets since the start of the year. The token even fell out of the elite top 10 crypto league. At press time, ADA ranked as the 11th-largest cryptocurrency and was last seen trading at around $0.3484, which translates to a roughly 42% price surge if Cardano were to reach 50 cents.

For Cardano to reach the forecasted heights, it will need strong bullish catalysts or a significant development to propel liquidity towards the token and increase demand among investors.

However, Gambardello appears so convinced about his prediction that he promises to give 1,000 ADA coins to one of his followers should the prognostication materialize. The pundit did not reveal the rationale behind his prediction, though he is likely basing it on the fact that the month of October has traditionally been bullish for digital assets.

Cardano will hit .50 by end of October.

If not I’ll give someone in the comments 1,000 $ADA.

Let’s go!

Major Milestones In the Cardano Ecosystem

Layer-1 blockchain Cardano has, in recent weeks, undergone game-changing upgrades that have arguably increased ADA’s utility and adoption.

On Sept. 1, Cardano executed the Chang hard fork, successfully entering the Voltaire Era and introducing on-chain governance using its native token ADA. Following the hard fork, which Cardano founder Charles Hoskinson touted as “one of the greatest technical achievements in human history,” ADA token holders now have the power to elect representatives and vote on important development proposals.

Moreover, Hoskinson recently revealed that Ouroboros Leios and rollups are soon coming to Plutus V3 and the Hydra scaling tool.

More recently, Cardano made history by hosting the first legally enforceable smart contract, fully compliant with the laws of Argentina. This development allows contracts written in ADA to be upheld in Argentine courts, marking a huge step towards the integration of crypto assets into traditional legal systems.

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