Does Cardano (ADA) in 2022 remind us of Bitcoin in 2013?
- Dan Gambardello revealed in one of his videos the similarity between the performance of (ADA) in 2022 and that of 2013.
- He said he is bullish on ADA as there are plenty of opportunities for value investors like him.
- Dan noted that Cardano is trading today at a market cap of over $13 billion and it can be predicted that it will go the way of Bitcoin.
Founder of the crypto-startup recruitment firm Crypto Capital Venture and popular YouTuber, Dan Gambardello revealed in one of his analysis videos the great similarity between the performance of Cardano (ADA) in 2022 and that of Bitcoin in 2013. Citing the ADA weekly trading charts, Gambardello shared that there are plenty of opportunities in ADA for value investors like him. For uninitiated value investors, they buy cryptocurrencies that are trading at a significant discount to their intrinsic value or book value. Sharing his perspective, Gambardello noted that Cardano is grossly undervalued in the long run. The crypto content creator dove further into the Cardano ecosystem, citing several instances of why he believed in the similarity between ADA and Bitcoin. He began by sharing a short clip from Andreas Antonopoulos’ Bitcoin video from 2013 on the subject of Bitcoin’s neutrality. The conference barely had an audience and this was at the time when Bitcoin had a market cap of over a billion dollars and then headed for the trillion dollar mark a few years later.
Now moving forward, Cardano is trading today at a market cap of over $13 billion and can be predicted to go the way of Bitcoin, Dan noted. Even the blockchain technology for Cardano and Bitcoin is somewhat similar.
Dan further recalled Cardano’s recent cNFT CON event which covered a variety of Web3 topics for beginners and Web3 enthusiasts alike.
The important event was attended by content creators and founders in the Cardano ecosystem to brainstorm and build together.
Dan later reviewed his video from April which talked about some of the builders at Cardano that seemed bullish to Dan and one of them was NMKR.
/8 @nftmakerio is the Cardano game changer that is not talked about enough. NFTs have skyrocketed on Cardano in the last year and if you really think about it, NFT-Maker is a crucial vehicle that allowed this to happen. Their minting API allows non-technical people to create and mint NFTs.
— Dan Gambardello (@cryptorecruitr) April 16, 2022
Dan then shared NFT-Maker (NMKR) founder Patrick Tobler’s tweet showing a picture of his royalty panel at the cNFT event with a pretty empty audience.
The empty rooms, according to Dan, attest to the fact that these big events are still in the making, but what makes these big names in the crypto space speak to the empty rooms is something to ponder. It signifies the opportunity a value investor would jump at, which in turn, is indicative of the value that ADA holds in the future. Dan claimed that these first significant and brainstorming events that are later reflected in the cryptocurrency trading charts are the reasons why he is extremely bullish on ADA despite the fact that the ADA price drop says otherwise.
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