Renowned crypto analyst and founder of Crypto Capital Venture, Dan Gambardello, offers insight into Cardano’s future, highlighting its promising potential amid criticism and hurdles.
Cardano has been criticized
Controversy surrounds Cardano, as users complain of transaction times of up to 30 minutes on the network, as opposed to its theoretical ability to process 1 million transactions per second.
Dan Gambardello dismisses fear, uncertainty and doubt (FUD) surrounding Cardano and highlights his own positive transaction experiences, executed within minutes. He explains possible delays due to market volatility affecting swap execution and claims that similar issues exist in various blockchains.
According to Dan’s technical analysis, Cardano is at a critical point, poised for a major breakout or dip. The coin’s position between support and resistance lines suggests a major move is imminent.
Also Read: Cardano Reaches Crucial Level For $0.36! Will the ADA price recover or fall further?
Bearish or bullish? Cardano’s future perspective
Should Cardano fail in the support area, a short dip may be lurking. Conversely, a breakout of resistance can initiate an uptrend, paving the way for a prolonged bullish run.
Cardano’s current sideways trading is likely to yield substantial price action soon, potentially shaping the cryptocurrency’s future trajectory.
