Dan Gambardello, founder of Crypto Capital Venture, announced bullish prospects for an altcoin. He even thinks that this altcoin will surpass Bitcoin, the largest cryptocurrency by market cap. Here are Gambardello’s comments…
Promising view for altcoin Cardano
The creator and CEO says the ADA data is compelling and Cardano’s current good position is not just due to the upcoming Vasil hard fork event. Gambardello says a kind of “relaxation rally” could be seen. “We have to pay attention to traditional markets, not Bitcoin. These are behind the movements,” he says. According to Gambardello, all coins follow the S&P500 index, citing the approximately two-week period between March 16-29 as an example.
According to Gambardello, both ADA and In this process, BTC showed an upward trend. The key data point here was the S&P 500 index. During this period, ADA rose by over 50 percent, while the value of Bitcoin made 23 percent. Noting that Cardano outperformed BTC, the expert said that this situation will continue to be seen in the markets and that, according to him, Cardano will surpass Bitcoin and many other altcoins. He pointed to what happened on the Cardano Blockchain as the reason behind this.
Cardano funds are seeing entry
But not everyone shares Gambardello’s optimism. Some investors commented, stating that Cardano is dead. “Stop making up stories when the price is moving,” another investor said. Gambardello concluded his analysis by asking people to do their own research and make their own calculated moves, instead of listening online. Interestingly, as we have also reported as
Kriptokoin.com, according to the latest edition of the “Weekly Digital Asset Fund Flows” report published by CoinShares Research the other day, Despite “a total outflow of US$141 million in digital asset investment products last week,” small inflows were also seen. Among the invested altcoins were Cardano (ADA) and Polkadot (DOT), which each exhibited inflows of around $1 million. At the time of writing, ADA is changing hands at $0.51, depreciating 10 percent over a seven-day period.
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