Cardano Price Prediction: Gambardello Bets Big on ADA Hitting $0.50 by October’s End

• Dan Gambardello predicts Cardano will hit $0.50 by the end of October and bets 1,000 ADA to support his forecast.
• ADA is trading at $0.3535, requiring a 40% increase for Gambardello’s prediction to come true, needing strong catalysts.
• Cardano has marked key milestones, including launching a legally enforceable smart contract in Argentina and advancing its Layer-2 scaling solution.

Dan Gambardello, founder of Crypto Capital Venture and a prominent advocate for Cardano (ADA), has made a bold prediction. He believes the coin will reach $0.50 by the end of October. Gambardello, confident in his forecast, has even placed a bet of 1,000 ADA to back his claim. If the coin fails to hit this target, one of his followers will receive the 1,000 ADA. 

Cardano’s Current Price and Potential Rally

At the moment, ADA is trading at $0.3535, meaning it would need a 40% jump to meet Gambardello’s forecast. Such a rally would require significant catalysts, including increased demand and a liquidity surge. Nevertheless, the historical trend of October being a favorable month for crypto has bolstered optimism among ADA holders. Beyond Cardano, other altcoins, like Shiba Inu, are also hoping for a positive “Uptober” market. 

Upcoming Developments Could Boost ADA

Several factors support Gambardello’s bullish stance on Cardano. One of them is Cardano’s progress in its Layer-2 scaling solution. Sundaeswap, a decentralized application (dApp) on Cardano, recently completed the initial draft for its Layer-2 protocol called Gummiworm. This update aims to provide fast and instant transaction finality, making it a significant development for Cardano’s decentralized finance (DeFi) ecosystem.

Cardano’s Legal Milestone in Argentina

In addition to its technological advances, Cardano recently achieved a notable legal milestone. The platform hosted its first legally enforceable smart contract in Argentina, marking a significant step in its global adoption. The contract fully complies with Argentine law, and this breakthrough could encourage further growth and price gains for ADA.