27 May 2023 11:46, UTC
Reading time: ~2 m
Popular crypto analyst discusses Cardano’s (ADA) future prospects and addresses concerns over swap completion time on Cardano DEXs.
Renowned crypto analyst and founder of Crypto Capital Venture, Dan Gambardello, has recently released a dedicated video discussing the future prospects of Cardano (ADA) while addressing recent concerns surrounding the completion time of swaps on Cardano-based decentralized exchanges (DEXs).
Cardano recently came under scrutiny due to reports of some swaps taking up to 30 minutes to complete. However, Gambardello assures his audience that he has personally not encountered such delays when using Cardano-based DEXs. He emphasizes the reliability and efficiency of the ecosystem, defending it against the circulating doubts.
Cardano (ADA) Now at a Crossroads
During the 12-minute video, Gambardello delves deep into his analysis of ADA’s current situation, highlighting the coin’s sideways price movement.
According to his observations, Cardano is now at a critical juncture where it could either experience a significant upward surge or a sharp decline, with the potential for a subsequent rebound.
The analyst points out that if ADA diverges from a bear market scenario, it will serve as a bullish confirmation, signaling a positive trend for the asset.
Data from the price-tracking resource CoinMarketCap indicates that ADA is trading at $0.364, representing a slight 1.63% rise in value over the past 24 hours and less than 1% cumulative growth over the past week. The asset has not been spared in the ongoing market-wide chaos.
While the crypto community anticipates a bullish trend for ADA, the Cardano development team continues to advance the network’s offerings to bolster adoption. One such advancement is the launch of the first mainnet-compatible version of Hydra two weeks back.
Moreover, as reported by The Crypto Basic, Charles Hoskinson, the founder of Cardano, recently launched the Hoskinson Health and Wellness Clinic in Wyoming. This family-owned clinic accepts payments in ADA. Hoskinson plans to extend the clinic with the adoption of AI-powered medicine.
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