Why Cardano (ADA) Could 10x in This Bull Run – 7 Key Reasons

Anis isn’t exactly a household name in crypto circles, but his latest thread caught my attention – and not just for the bold title. His seven-point breakdown on why Cardano (ADA) could rally up to 1,000% this cycle actually combines high-level fundamentals with promising technical analysis. Let’s dig into both.

Developer Activity That Tops Ethereum

Anis opens with Cardano’s developer activity – over 21,500 GitHub commits across 550+ repositories. That’s more than Ethereum, according to his claim.

For a project often criticized as “slow-moving,” this signals steady building, which is essential in a market that often rewards hype over substance.

Scalability With Leios & Midgard

Then there’s the scalability angle. The upcoming Ouroboros Leios upgrade aims for 11,000 transactions per second (TPS) using parallel block input – a big step up from current levels.

Midgard, the Layer 2 optimistic rollup built on Cardano’s EUTXO model, avoids centralized sequencers and custodians, something Ethereum rollups still rely on. If these scale solutions work in practice, they could be a game-changer.

Governance and Treasury Strength

CIP-1694 and the $1.48 billion ADA treasury offer another layer of credibility. If the ADA price reclaims its all-time high of $3, the treasury would be worth $4.5 billion.

That’s more than most early-stage projects ever get to build with.

Privacy and Real-World Assets

The Midnight sidechain could be key for institutions. It brings zero-knowledge privacy features to Cardano, enabling secure enterprise-level smart contracts and private tokenization of real-world assets (RWAs).

This fits well with the broader narrative of bringing TradFi and DeFi together.

The Chart: A Sleeping Giant Setup

Now, the chart Anis shared is equally compelling. It shows ADA moving within a long-term ascending channel on the monthly timeframe, currently testing the mid-range.

The Fib extensions from past cycles point to possible targets at $4.91, $6.59, $7.79, $10, and even $12.47. The key breakout point would come with monthly closes above $1, opening the doors to a parabolic rally.

Also, volume has begun ticking up slightly – still modest, but historically, ADA’s big runs began with similar setups.

Interoperability With Bitcoin

An underrated angle is Cardano’s growing compatibility with Bitcoin. Through protocols like BTC_OS, Sundial, and FairGate, Cardano could unlock direct liquidity from Bitcoin, something even Solana and Ethereum struggle to do in a trustless, native way.

This is one of the more well-rounded threads I’ve seen on ADA recently. It’s not all hopium – there’s strong reasoning behind each bullish point. If these upgrades and integrations roll out smoothly, and the ETF catalyst plays out, Anis’s long-term Fib target of $7 or more doesn’t look out of reach.

Cardano might be quiet – but this thread and chart combo just made a lot of noise in my mind.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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