Dan Gambardello, a well-known cryptocurrency expert, recently said that Cardano’s ($ADA) price will “absolutely explode” in the next bull market due to the development of its decentralized finance (DeFi) ecosystem.
But Gambardello thinks Cardano is about to burst during the bull market since it has locked up roughly $180 million in total value. At the time of writing, Cardano’s market value was close to $10.9 billion.
Dogecoin ($DOGE), a cryptocurrency inspired by internet memes, suddenly overtook the smart contract platform when it suffered a big increase in value due to a change in Elon Musk’s X profile.
Decentralized apps on the Cardano network have just topped 20, according to famous influencer ADA Whale, and many more are being constructed, with the effect of the project’s progress not yet factored in.
He was responding to a user who predicted that the next ADA bull market “will be good,” but predicted that the price of ADA will soar in the “2029 bull market and forward.”
Cardano, in particular, was delisted from a few cryptocurrency exchanges this year after being cited as security in lawsuits brought by the US Securities and Exchange Commission (SEC) against Binance and Coinbase.
However, Cardano was highlighted in CCData’s ESG Benchmark study as having a high ESG score among leading cryptocurrencies. Ethereum ($ETH) ranked first, followed by SOL and ADA, in the research.
Environmental, Social, and Governance (ESG) requirements are “progressively popular across institutional investors and funds,” as stated in the ESG report, with a predicted $33.9 trillion in worldwide ESG-related assets under management by 2026.
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