Cardano Price Prediction: ADA $15, Despite TVL Slumping to Yearly Low

Cardano Price Prediction: Crypto analyst Dan Gambardello predicts a 3000% gain in ADA price despite a steady drop in total value locked since March 2022.

At press time, the total value locked (TVL) in Cardano’s decentralized finance ecosystem was $76.5 million, down almost 76% from the $326 million recorded in March 2022.

Cardano price prediction is not outlandish

Gambardello’s price prediction hinges on Cardano’s execution of the final two stages of its roadmap, Basho and Voltaire. The most recent Vasil upgrade is part of the penultimate Basho phase focused on scaling the blockchain. It introduced higher network capacity, lower transaction fees, and faster transactions. The next stage, Voltaire will introduce governance standards.

The way Cardano has gone about the upgrade takes it closer to achieving the trilemma of security, decentralization, and scalability, Gambardello argues. And a price prediction of $15 is not outlandish if one considers that ADA was trading at around $0.12 in July 2020 outside of a bear market. It rallied 2300% to a little under $3 during the next bull market in Aug. 2021. If Gambardello had made that prediction during a bear market, ADA’s price jump would have been more drastic, around 8000%, and would have been correct.

Considering that the current price is occu