Dan Gambardello, the founder of Crypto Capital Venture (CCV), specifically stated that the digital token ADA “is going to explode”. He also highlighted why he thinks Cardano is the biggest sleeping giant in crypto.
Cardano (ADA) has been trading in the red for a while. Year-to-date, ADA is down 25%. On the day, the crypto asset is changing hands at $0.98, with a relatively 2% price downtrend. The current price is also about 69% from its all-time high of $3 attained in September 2021.
Read Also: Cardano and Polkadot Exchange Traded Products (ETPs) Launch On German Stock Exchange
Despite this performance, Cardano supporters believe that the current market performance will not last forever. They believe that the cryptocurrency will shock the crypto space once again.
Dan Gambardello Says Cardano (ADA) Is Going To Explode
In a tweet on 18th Feb., Dan Gambardello, the founder of Crypto Capital Venture (CCV), who also operates a Cardano stake pool, said he believes Cardano is the biggest sleeping giant in the crypto market, adding that the digital token ADA is going to explode eventually.
Highlighting the reason for his resolute support for Cardano, the crypto pundit said the blockchain is designed to provide decentralized financial infrastructure on global scale, adding that the network is bigger than what most people are seeing right now.
Dan Gambardello tweeted, “Many people simply do not understand what Cardano is doing Cardano is built to provide decentralized financial infrastructure on a global scale. This is huge, bigger than what most are focused on right now ADA is the biggest sleeping giant in crypto. It’s going to explode.”
Many people simply do not understand what Cardano is doing
Cardano is built to provide decentralized financial infrastructure on a global scale. This is huge, bigger than what most are focused on right now$ADA is the biggest sleeping giant in crypto
It’s going to explode 🚀
— Dan Gambardello (@cryptorecruitr) February 18, 2022
Read Also: Cardano Beats Bitcoin and Ethereum in Terms of Transaction Volume
Cardano (ADA) Sees Significant Rise in Transaction Volume
On 18th February, Ali Martinez, a prominent crypto analyst, reported that the volume of large transactions of Cardano (ADA) has surged to surpass $21.6 billion.
According to the analyst, such market action most times denotes the activity of institutional investors and whales on the Cardano network. He said it also indicates that bag holders are preparing for massive price volatility.
Ali Martinez tweeted, “Cardano | There’s been a spike in large ADA transaction volume, surpassing $21.6 billion. Such market behavior often acts as a proxy to institutional and whales activity on the ADA network, pointing to how these players may be positioning themselves for price volatility.”
#Cardano | There's been a spike in large $ADA transaction volume, surpassing $21.6 billion.
Such market behavior often acts as a proxy to institutional and whales activity on the #ADA network, pointing to how these players may be positioning themselves for price volatility. pic.twitter.com/LueGKIetim
— Ali Martinez (@ali_charts) February 18, 2022
Read Also: This Metric Shows That Cardano (ADA) Hasn’t Been This Undervalued Since March 2020 Crash
Increases in the volume of large transactions might suggest increasing buying or selling activity among large players. Institutional investors and whales have been known to accumulate more during periods of collapse, choosing to buy the dip.
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