Cardano Set for 3,000% Surge Soon? Expert Says It Follows Amazon’s Success Formula

▲ Cardano (ADA), Midnight (NIGHT) / ChatGPT-generated image

As the cryptocurrency market is gripped by extreme fear, what could be a historic buying opportunity reminiscent of Amazon’s explosive growth has emerged, centering on the Cardano (ADA) ecosystem.

In a video released on his YouTube channel on February 12 (local time), cryptocurrency analyst Dan Gambardello described the current oversold conditions as a decisive moment from a value-investing perspective and presented bold price targets for Cardano and its privacy sidechain, Midnight (NIGHT). Citing Amazon’s more than 90% collapse in 2001 followed by its rise to a $2 trillion giant, Gambardello emphasized the limitless potential of the cryptocurrency market.

Cardano plans to integrate Bitcoin (BTC) as a native asset within its network, enabling the vast liquidity of Bitcoin to flow into Cardano’s decentralized finance ecosystem without centralized custodians. In addition, through collaboration with Circle, it will launch USDCX with enhanced privacy features by late February, establishing infrastructure that directly connects to the $7 billion USDC ecosystem. These technological advancements are expected to serve as key drivers that fundamentally strengthen Cardano’s fundamentals.

Midnight, scheduled for mainnet launch before the end of March, is poised to lead practical blockchain commercialization by providing enterprise-grade privacy solutions that comply with regulations. Gambardello projected that Midnight will evolve beyond a simple privacy coin into a blue-chip asset capable of integrating real-world assets and meeting the demands of institutional finance. Midnight’s market capitalization is forecast to reach between $10 billion and $50 billion in this cycle, implying at least a tenfold increase from current levels.

From a macroeconomic perspective, the end of the Federal Reserve’s quantitative tightening and a return of the Purchasing Managers’ Index to expansion territory are expected to act as powerful catalysts for a crypto bull market. Gambardello set a target price range of $5 to $8 for Cardano, suggesting its market capitalization could reach as high as $300 billion. Considering Ethereum’s performance in the previous cycle, he explained that such targets for Cardano fall within a realistic range.

Although market pessimism has reached extremes, whale accumulation and improving technical indicators suggest that energy is building for a major upward trend. Rather than reacting to short-term price fluctuations, investors should focus on long-term value changes based on data and prepare for an impending large-scale market reshuffling. Major upgrades within the Cardano ecosystem and the emergence of new assets are expected to serve as decisive signals that could reverse the current market downturn.

Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses resulting from its use. The information provided should be interpreted for informational purposes only.