- 9 Jun 2022
- /
- In #Cardano
On Thursday (June 9),Dan Gambardello, Founder ofCrypto Capital Venture, commented on the price of Cardano’s $ADA token.
Earlier today, Gambadello, who is a huge fan of Cardano, the host of the very popular YouTube channel “Crypto Capital Venture“, and a respected member of the Cardano community, told his over 229K Twitter followers:
$ADA will probably hit $10 a lot sooner than most think.
— Dan Gambardello (@cryptorecruitr) June 9, 2022
Next, he explained that $ADA’s price reaching $10 would make Cardano’s market cap would only be around $330 million:
It would only be around $330 billion. Part of the problem is that people don’t do the math correctly.
— Dan Gambardello (@cryptorecruitr) June 9, 2022
Of course, even $330 billion is 50% more than Ethereum’s current market cap, which is roughly $220 billion, but then there are several crypto analysts, such as “Crypto Jebb”, who believe that Cardano could flip Ethereum:
— Altcoin Daily (@AltcoinDailyio) June 8, 2022"#Cardano has THE BEST chance to flip #Ethereum"
Analyst @CryptoJebb explains!
Watch FULL interview 👇
>> https://t.co/ZE1EJHbVq5 pic.twitter.com/PIfkVODO0I
On Monday (June 6), Gambardello said that $ADA is “on the verge of a breakout”, and that he is expecting a “massive” price rally.
On June 1,Gambardello tweeted that he founded it amusing that some people think it is impossible for $ADA’s market cap to reach $1 billion, even though Ethereum’s market cap has been as high as $500 million.
— Dan Gambardello (@cryptorecruitr) June 1, 2022It’s funny that people think it’s impossible for #Cardano to reach $1 trillion market cap. Ethereum already reached over half of that & the crypto games are just beginning.
I know it’s oddly controversial, but yes, I’m comparing $ADA & $ETH.
On May 12, he said that Cardano is “silently positioning itself as the most sound, secure, & scalable blockchain.”
#Cardano is silently positioning itself as the most sound, secure, & scalable blockchain.$ADA
— Dan Gambardello (@cryptorecruitr) May 12, 2022
Regarding $ADA’s performance during the current bear market,he had this to sayon May 13:
“I am 100% aware$ADAunderperforms in downtrends. People don’t realize that this is one reason I like it so much. Because while it does underperform in downtrends, it outperforms in uptrends.This means that we now have a way undervalued asset with most upside potential.
“This is my take on the market. This is my approach. This is my opinion based on my risk appetite and what I view as compelling opportunity. It’s not advice to anyone to go out and buy$ADA. Please be careful out there.“
Image Credit
Featured Imageby “Quantitatives” viaUnsplash
Cardano: Dan Gambardello Says ‘$ADA Will Probably Hit $10 a Lot Sooner Than Most Think’
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Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
I am an avid enthusiast and expert in the cryptocurrency space, particularly with a focus on Cardano ($ADA) and its market dynamics. My deep understanding of the crypto market is evident through my analysis of the statements made by Dan Gambardello, the Founder of Crypto Capital Venture, in the article dated June 9, 2022.
Dan Gambardello, a prominent figure in the Cardano community, has made several insightful comments regarding Cardano's price and market potential. His statement on June 9th, predicting that $ADA will reach $10 sooner than most expect, showcases his confidence in Cardano's upward trajectory. This confidence is not unfounded, considering his extensive experience as the host of the popular YouTube channel "Crypto Capital Venture" and his status as a respected member of the Cardano community.
Moreover, Gambardello highlights the misconception in calculating Cardano's market cap, emphasizing that it would only be around $330 billion at a $10 price point. He points out the importance of accurate math in understanding the cryptocurrency market, showcasing a meticulous approach to financial analysis.
Comparing Cardano's potential market cap to Ethereum's, which is currently at $220 billion, adds another layer to the discussion. Gambardello's reference to other crypto analysts, such as "Crypto Jebb," who believe that Cardano could flip Ethereum, underscores the optimistic sentiment surrounding Cardano's future.
Gambardello's earlier statement on June 6th about $ADA being "on the verge of a breakout" and anticipating a "massive" price rally further reinforces his bullish outlook. His comparison of Cardano's market cap potential to Ethereum's historical highs on June 1st adds historical context, suggesting that a trillion-dollar market cap for Cardano is not implausible.
Additionally, Gambardello's acknowledgment of Cardano's underperformance during downtrends, coupled with its outperformance during uptrends, indicates a strategic perspective on the asset's value. This nuanced understanding contributes to a comprehensive evaluation of Cardano's market dynamics.
In conclusion, the analysis of Dan Gambardello's statements in the provided article showcases a deep understanding of Cardano's potential, market dynamics, and the broader cryptocurrency landscape. The evidence presented through Gambardello's track record, community standing, and analytical insights solidifies the credibility of the information presented in the article.
