Wed. Sep 27th, 2023

On Thursday (June 9), Dan Gambardellofounder of Crypto Capital Venture, commented on the price of the token Cardano’s ADA. 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 more than 229,000 followers on Twitter:

He then explained that the price of ADA reaching $10 would make Cardano’s market capitalization only around $330 million:

Of course, even $330 bln is 50% more than Ethereum’s current market capitalization, which is about $220 bln, but then there are various crypto analysts, such as “Crypto Jebb”, who believe that Cardano could pass ethereum:

On Monday (June 6), Gambardello said that ADA is “on the brink of a breakout” and that he expects a “massive” price rally. On June 1, Gambardello tweeted that he found it amusing that some people think it’s impossible for ADA’s market cap to reach $1 billion, even though Ethereum’s market cap has reached $500 million.

On May 12, he said that Cardano is “quietly positioning itself as the strongest, most secure, and most scalable blockchain.”

Regarding the performance of ADA during the current bear market, said the following on May 13:

I am 100% aware that $ADA underperforms in downtrends. People don’t realize that this is one of the reasons I like it so much. Because while it underperforms in downtrends, it outperforms in uptrends. This means that we now have an undervalued asset with the most upside potential.

This is my opinion on the market. This is my approach. This is my opinion based on my risk appetite and what I see as a compelling opportunity. It is not advice for anyone to go out and buy ADA. Be careful out there.

The entry Dan Gambardello: “Cardano (ADA) Will Probably Hit $10 Much Sooner Than Most Think” was first published on CryptoReport.

By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.