Top Analyst‘s Confident Take: ADA and XRP at $10？ ’Fine With Me

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 Gambardellos 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.

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 wouldnt 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,” dismissing the $10 price target for ADA as unrealistic.

However, 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%. Cardanos 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 a staggering 77% below its all-time high of $3.10 from the last cycle.

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 grow 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%. Its 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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