Noted crypto analyst and Crypto Capital Venture founder, Dan Gambardello, offers insights into Cardano’s future, highlighting its promising potential amidst criticism and hurdles.
Cardano Faces Criticism
Controversy surrounds Cardano as users complain about transaction times of up to 30 minutes on the network, contrasting its theoretical capability of handling 1 million transactions per second.
Dan Gambardello dismisses fear, uncertainty, and doubt (FUD) surrounding Cardano, highlighting his own positive transaction experiences, executed within minutes. He explains possible delays resulting from market volatility affecting swap execution and asserts that similar issues are prevalent across various blockchains.
According to Dan’s technical analysis, Cardano finds itself at a critical point, poised for a significant breakout or dip. The coin’s position between support and resistance lines suggests an imminent major move.
Also Read: Cardano Reaches Crucial Level At $0.36! Will ADA Price Rebound Or Plunge Further?
Bearish or Bullish? Cardano’s Future Outlook
Should Cardano fail at the support area, a short-term dip may loom. Conversely, a breakthrough of resistance could ignite an upward trend, setting the stage for a long-term bullish run.
The current sideways trading of Cardano is likely to yield substantial price action soon, potentially shaping the future trajectory of the cryptocurrency.