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 that Cardano’s current good position is only for the upcoming Vasil hardcore. it says it’s not caused by fork activity. 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 from March 16-29 as an example.
#Cardano is at the mercy of stock market. Though $ADA may have a secret weapon to help things along.https://t.co/OMtxIpdoHO
— Dan Gambardello (@cryptorecruitr) May 23, 2022
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 inflow
But not everyone shares Gambardello’s optimism. Some investors commented, stating that Cardano is dead. “Stop making up stories when price moves,” said another investor. 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 , the “Weekly Digital Asset Funds Flows” published by CoinShares Research the other day. According to the latest edition of the ” report, 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.
