Cardano: Founder of Crypto Capital Venture Says $ADA ‘Is Undervalued and Oversold’
On Friday (6 January 2023), Dan Gambardello, Founder of Crypto Capital Venture, as well as the host of the very popular YouTube channel “Crypto Capital Venture”, shared his thoughts on $ADA.
Gambardello told his over 238K Twitter followers that due to fear in the market $ADA is currently undervalued and oversold:
A few days ago, Gambardello would become one of the best coins to own this year:
On 13 May 2022, when $ADA was trading around $0.5562, Gambardello talked about $ADA’s performance during the current bear market:
“I am 100% aware $ADA underperforms in downtrends. People don’t realize that this is one reason I like it so much. Because while it does underperform in downtrends, it outperforms in uptrends. This means that we now have a way undervalued asset with most upside potential.
“This is my take on the market. This is my approach. This is my opinion based on my risk appetite and what I view as compelling opportunity. It’s not advice to anyone to go out and buy $ADA. Please be careful out there.“
Back in August 2022, he said that Cardano is his favorite cryptocurrency project:
On 5 October 2022, Gambardello, who has long been a huge fan of Cardano and is a respected member of the Cardano community, released a YouTube video in which he spoke about his “clear vision” for Cardano and his long-term price target for $ADA:
“I have a clear vision for Cardano, and while there are no guarantees, I 100% see it. I clearly see it. And I’m willing to take a risk on it. It’s about time in this video, I zoom out on Cardano. It’s about time we talk about the vision…
“I say it all the time: a big piece of it for me is how Cardano is approaching that trilemma — decentralisation, security, scalability. The way that Cardano is doing it and the foundation that’s being built is what’s allowing the opportunity to be so solid, to be so strong…
“Now, let’s start here. This was a tweet from yesterday, and it really is simple, everybody. There’s a lot of people that disagree with this, but I want to lay it out for you in this video. $15 divided by 42 cents, which is what Cardano was when I tweeted, equals 35X. At the end of the day, no matter how deep I dive into the fundamentals of any crypto… I’m here as an investor. I’m here trying to plan for the future of my family, and so this is as simple as it gets.“
Gambardello went on to say that he believes that Cardano’s market cap, which was around $14.82 billion at that time, could reach $550 billion (possibly as early as in the next bull cycle, but maybe in several years), which is where his 15X upside potential for $ADA comes from.
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