Crypto trader Dan Gambardello Cardano (ADA) made striking claims in his latest analysis. In the video, he shared his belief that ADA is fundamentally strong due to the recent launch of the Hydra scaling solution.
This analysis comes after Cardano recently released the first mainnet version of Hydra. The scaling solution is estimated to increase the Transactions Per Second (TPS) rate of the network to 1,000,000 transactions per second. In conclusion, cryptocurrency community calls Hydra the most important scaling solution for the Cardano ecosystem.
Gambardello believes the Hydra update will further strengthen ADA. According to the analyst, if the strong outlook continues, Cardano market cap may reach $ 500 billion. Although this prediction is long-term, it may even come true in the next bull run.
CoinMarketCap, Cardano priceIt showed that ADA’s price was trading at $0.387, after . This negative daily performance further reduced ADA’s weekly price performance by -4.06%.
You can follow the current price action here.