Cryptocurrency The world has been on a downward trend for a while. LUNA A large number of users after the token’s value nearly reset bitcoin and was disappointed with cryptocurrencies.
However, Dan Gambardello, founder of Crypto Capital Venture, has a rather different view on the matter. famous influencer, cardano He claimed that its price was under the influence of stock exchanges, but that he had a secret weapon that he could use.
“There Might Be a Rally Ahead of Cardano”
According to Gambardello, ADA’s data looks impressive, and the Vasil hard fork ahead isn’t the only reason Cardano is currently doing well in this regard. Gambardello said he saw a kind of “recovery rally” ahead of the ADA.
Gambardello stated that ADA users should follow traditional markets instead of Bitcoin, because that is where all the movements come from.
“ADA’s Performance Will Overtake Bitcoin”
Gambardello believes that all coins follow the S&P 500 index. As an example, the analyst cited the performance data of coins from March 16 to March 29.
In this range, an uptrend was seen for both ADA and BTC. According to Gambardello, the S&P 500 index appears to be the key data point here. In this 15-day period, the ADA price increased by 55% and the BTC price by 23%.
According to the analyst, Cardano remarkably outperformed BTC. Gambardello commented on this situation as follows:
“This is a perfect example of what I think will happen in the markets. In my opinion, Cardano is losing Bitcoin and a number of other things because of what happened on the Cardano Blockchain. altcoin will leave it behind.”
However, not everyone feels the optimism that Gambardello is experiencing. Some investors made comments stating that Cardano is dead. “Stop making up stories as the price moves,” said another investor.
*Not investment advice.