- Dan Gambardello revealed in one of his videos the similarity between the performance of Cardano (ADA) in 2022 and that of Bitcoin in 2013.
- He said that he is bullish on ADA as there is a lot of opportunity for value investors like him.
- Dan pointed out Cardano is today trading at a market cap of over $13 billion and can be predicted to go the Bitcoin way.
Founder of the crypto-startups recruiting firm, Crypto Capital Venture and popular YouTuber, Dan Gambardello revealed in one of his analysis videos the stark similarity between the performance of Cardano (ADA) in 2022 and that of Bitcoin in 2013.
Citing the weekly trading charts of ADA, Gambardello shared that there is a lot of opportunity in ADA for value investors like him. For the uninitiated value investors purchase cryptos that trade at a significant discount to their intrinsic value or book value.
By sharing his perspective, Gambardello pointed out that Cardano is extremely undervalued in the long term. The crypto content creator further dived into the Cardano ecosystem and cited various instances as to why to believe in the ADA – Bitcoin resemblance.
He started off by sharing a short clip of Andreas Antonopoulos’s Bitcoin video from 2013 discussing the subject of Bitcoin neutrality. The conference had hardly any audience and this was around the time when Bitcoin had the market capital of over a billion dollars and then headed to the mark of one trillion dollars a few years later.
Now moving ahead, Cardano is today trading at a market cap of over $13 billion and can be predicted to go the Bitcoin way, Dan pointed out.
Even the blockchain technology for both Cardano and Bitcoin are somewhat similar.
Dan further recalled Cardano’s recent cNFT CON event that covered a range of Web3 topics for Web3 beginners and enthusiasts alike.
The significant event saw the attendance of content creators and Founders in the Cardano ecosystem to brainstorm ideas and build together.
Dan later on revisited his April video that talked about some of the builders in Cardano who seemed bullish to Dan and one of those being NMKR.
Dan then went on to share the founder of NFT-Maker (NMKR), Patrick Tobler’s tweet which showed a picture from his panel about royalties at the cNFT event with a rather empty audience.
The empty rooms, as per Dan, are attesting to the fact that these huge events are still in the budding process but what makes these big names from the crypto space to speak to the empty rooms is something to ponder over. It signifies the opportunity, a value investor would pounce on, which in turn, is indicative of the value ADA holds in future. Dan claimed that these early significant and brainstorming events that later reflect on the trading charts of the cryptocurrency are the reasons he is extremely bullish on ADA even though the falling price of ADA says otherwise.
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