Dan Gambardello, the owner of Crypto Capital Ventures (CVV), is bullish on Cardano (ADA) as he makes interesting predictions for the cryptocurrency.
Speaking in a recent tweet, Gambardello calls ADA the “biggest sleeping giant” that is poised for an impressive run at the appropriate time.
According to the crypto pundit, the Cardano team has positioned the crypto project to provide a global decentralized financial infrastructure that will eventually result in widespread adoption.
“Cardano is built to provide decentralized financial infrastructure on a global scale. This is huge, bigger than what most are focused on right now. $ADA is the biggest sleeping giant in crypto. It’s going to explode,” Gambardello tweeted.
Many people simply do not understand what Cardano is doing
Cardano is built to provide decentralized financial infrastructure on a global scale. This is huge, bigger than what most are focused on right now$ADA is the biggest sleeping giant in crypto
It’s going to explode 🚀
— Dan Gambardello (@cryptorecruitr) February 18, 2022
The CCV founder is not the only one bullish on Cardano. Last week, a panel of Finder’s fintech specialists speculated that the price of a unit of ADA will soar to $8.15 in 2025 and subsequently hit $58.04 in 2030.
Cardano 2022 Performance
Cardano’s recent performance in terms of price has been far from what many envisaged for the year. The coin, which started trading this year around $1.35 is currently worth $0.98, representing a 25% dip on year-to-date.
Similarly, the price of Cardano has fallen 68.5% from its all-time high (ATH) of $3.09, which was recorded on September 2, 2021.
Cardano Still Building
The team behind Cardano are not discouraged by the underperformance of the coin as they continue to make significant efforts toward adding value for investors.
Cardano has lined up a number of upgrades in the coming years that would contribute to increasing transaction speed by a huge margin, thus making the network a favorite choice for decentralized application (dApp) developers.
In addition, the Cardano development team recently made a CIP-35 proposal in a bid to increase smart contract speed.
While ADA’s price performance has not been what investors expect from the cryptocurrency, they have continued to throw their weight behind the project.
The amount of total value locked (TVL) across various Cardano-based protocols surpassed $100 million.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.