Dan Gambardello, the founder of Crypto Capital Venture and a renowned crypto analyst, has shared his insights on Cardano’s future in spite of the criticism and obstacles it is facing.
Despite users voicing their concerns on the network’s transaction times, which can take up to 30 minutes, Gambardello remarked that Cardano is in fact capable of handling up to 1 million transactions per second. He went on to add that his own experience with Cardano’s transactions have been positive, taking place in a matter of minutes. Gambardello attributed this delay to market volatility, noting that it is not unusual for other blockchains to have similar issues.
According to Gambardello’s technical analysis, Cardano is at a crucial tipping point, and a major move may be imminent. The coin is caught between support and resistance lines, and the direction of the break will determine whether Cardano will make a short-term dip or a long-term bullish run.
Given that Cardano is currently fluctuating sideways, a substantial price action is likely to happen soon. This will be the determining factor of its future trajectory.