- The number of wallets on the Cardano network has crossed four million.
- ADA’s current status is similar to that of ETH in 2017, ahead of the bull run.
- Cardano’s development is similar to that of Ethereum and Binance, two blockchains with similar characteristics.
Cardano has breached the four million wallets mark, and Dan Gambardello, the founder of Crypto Capital Venture, believes it is a significant milestone that could see the layer 1 blockchain’s native token Cardano (ADA) explode in price. In a recent analysis, Gambardello compared ADA’s current status with that of Ethereum in 2017, ahead of a significant bull run that saw the price of ETH skyrocket.
Source: https://coinedition.com/dan-gambardello-ada-could-spike-as-cardano-hits-4m-wallets/