- Top Analyst Dan Gambardello forecasts Cardano and XRP reaching $10
- Community question the feasibility of such a massive price surge
- Market Cap vs. Fundamentals: Debate ensues over what truly drives crypto market cycles
Top crypto analyst Dan Gambardello has stirred the community with a bullish forecast, suggesting that both Cardano (ADA) and XRP could reach $10 in this market cycle.
Taking to X, Gambardello stated, “Cardano and XRP seem like they both may hit $10 this cycle,” adding, “That would be fine with me.”
While the statement sparked enthusiasm from some, others questioned the feasibility of such a massive price surge. One user, “T,” replied, acknowledging Gambardello’s optimism about XRP and ADA. However, he argued that “those are some wild numbers.” T went on to say that market cycles are more about fundamentals than price targets.
Related: ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner?
Can Cardano and XRP Reach Such High Market Caps?
Gambardello countered the skepticism by drawing a comparison to Ethereum’s past performance. He pointed out that a $10 ADA price would put Cardano’s market cap at approximately $350 billion.
According to him, this massive cap wouldn’t be unreasonable, given that Ethereum reached a $500 billion market cap in the last cycle. Moreover, he argued that while Ethereum hit half a trillion dollars in the previous cycle, its technology “does not even come close to Cardano,” but the critic still dismissed the $10 price target for ADA as unrealistic.
The critic countered that price targets should not be based on historical market cap trends but on the actual expansion of blockchain fundamentals. “Fundamentals drive the narrative, not arbitrary market caps,” T responded.
What Would It Take for Cardano and XRP to Hit $10?
Notably, ADA is trading at $0.7114 at press time. Reaching $10 would require an astonishing growth of 1,305%. Cardano’s ability to achieve this magnitude of growth is under question, as its yearly trajectory shows a gain of only 14.66%.
Moreover, at its current price, Cardano is trading substantially 77% below its all-time high of $3.10 from the last cycle.
Related: Expert Weighs in on XRP $100 Outlook: Can It Reach Triple-Digit Value?
Meanwhile, XRP would require a less dramatic price rise to hit the $10 mark, as it is currently trading at $2.40. Specifically, XRP needs to rally by about 316% to reach $10.
Notably, XRP is also below its all-time high of $3.84, trading roughly 37% lower. However, XRP boasts an impressive yearly gain of 288%. It’s also worth noting that if XRP were to reach $10, its fully diluted market capitalization would reach a staggering $1 trillion.
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