Key Partnerships Strengthening Cardano’s Position

Gambardello highlighted several potential collaborations with major blockchain networks, including Bitcoin, Ripple, Stellar, and Dogecoin. These partnerships, he argued, could significantly enhance Cardano’s influence in the broader crypto ecosystem.

Recent statements from industry leaders such as Jed McCaleb, founder of Stellar, and Ripple CEO Brad Garlinghouse have also indicated a positive outlook on the token’s future.

Charles Hoskinson, Cardano’s founder, has been instrumental in fostering these collaborations. Hoskinson recently revealed plans to assemble a specialized team focused on making Cardano a primary platform for Bitcoin-based decentralized finance (DeFi).

By leveraging Bitcoin’s substantial capital base and integrating Cardano (ADA) into the DeFi space, the asset could see a huge increase in transaction volume and adoption. Gambardello described this initiative as a pivotal step in strengthening ADA’s position within the industry.

According to Gambardello, these partnerships with key networks represent a unique opportunity for Cardano to challenge Ethereum’s dominance. While Ethereum currently leads in areas like DeFi and smart contracts, Cardano’s growing ecosystem and strategic focus may give it a competitive edge in the coming years.

Technical Analysis

Gambardello noted that Cardano is showing signs of a potential breakout from a symmetrical triangle pattern. This development could lead to a price target of $0.90 in the short term. However, he cautioned that ADA may experience a brief consolidation phase, with prices potentially retracing to the $0.58–$0.60 range before continuing its upward trajectory.

Gambardello explained that such corrections are consistent with historical market cycles and are often necessary for sustainable growth. While short-term fluctuations are likely, he maintained that the broader outlook remains robust.

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Cardano (ADA) Prospects

Gambardello emphasized the strength of the asset’s fundamentals, which he believes will reward patient investors over time. He pointed to the project’s continuous innovation, strategic alliances, and growing adoption as key indicators of its long-term potential.

Although the asset is currently trading at $0.7834, showing a 0.73% decrease over the past 24 hours, ADA has recorded an impressive 113% growth in the past month, reflecting growing investor confidence in the asset.

As the cryptocurrency market enters a new growth phase, Gambardello remains optimistic that the asset will solidify its position as a leading blockchain platform and potentially surpass Ethereum soon.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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In a recent tweet, Gambardello analyzed the ADA/BTC chart that highlights Cardano’s current positioning. Historically, the asset price action against Bitcoin has shown patterns of steep declines followed by strong recoveries.

Before the last major bull run, ADA saw a 92% decrease against Bitcoin. Currently, the chart reflects a similar correction of 90%, which Gambardello interprets as a signal that the cryptocurrency may have reached its bottom.

Further evidence of this potential bullish momentum is seen in the one-month ADA/BTC chart, where a bullish engulfing pattern has emerged. After eight consecutive monthly losses, the ADA price has notably recovered against Bitcoin, gaining strength over six consecutive days.

Key Technical Indicators Show Bullish Signs for Cardano (ADA)

In addition to the price action analysis, Gambardello also pointed to technical indicators as signs of an impending rally. One such indicator is the moving average convergence/divergence (MACD) on the Cardano weekly chart. After turning bearish in April, the MACD is now approaching the baseline, which could indicate a trend reversal.

While Cardano’s market movement is contingent on overall market sentiment, Gambardello believes that if the broader crypto market turns bullish, ADA could be positioned for a significant rally. The price is currently testing the 20-day moving average at $0.35, and the 50-day moving average is close by at $0.57. A decisive move above these levels could lead to even higher price gains.

Though the analyst did not specify an exact price target in his latest forecast, Gambardello has previously hinted at the potential for a 1,000% increase in ADA’s price. He also pointed to a bullish divergence in the ADA/BTC chart and suggested that Cardano could target $3.553 in the long term.

Cardano’s Macro Environment Adds to Bullish Sentiment

Beyond the technical indicators, developments within the Cardano ecosystem are fueling optimism. The recent transition to the Voltaire era is a key milestone in the asset’s roadmap. This shift was marked by the successful implementation of the Chang hard fork on September 1, which introduced decentralized, community-driven governance to the network.

This move is expected to significantly enhance the network’s appeal, as Cardano has been criticized for its perceived lack of decentralization, security, and scalability. According to Gambardello, these criticisms are becoming less relevant as the blockchain advances.

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In a video shared by ADA enthusiast Dawson Allen, the progress made by Cardano was highlighted, emphasizing how the network is addressing the blockchain trilemma.

Allen pointed to several recent upgrades, including Hydra, transaction bundling via the unspent transaction output (UTXO) model and the network’s ongoing efforts toward decentralization. In his view, these developments position the token as one of the leading networks in the cryptocurrency space.

While no one can predict market movements with certainty, Dan Gambardello’s analysis suggests that the token is primed for a significant rally. Technical indicators, including historical price corrections and bullish patterns on the ADA/BTC chart, point to a potential bottoming out of ADA’s price.

Additionally, the progress within the tokens ecosystem, particularly the recent governance upgrade, adds further strength to the bullish case for the cryptocurrency. Although challenges remain, Cardano’s growing capabilities and improving market conditions could set the stage for a substantial price surge in the coming months.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The analyst, known for his bullish stance on Cardano (ADA), in a post on X, forecasts a significant upswing for the token. Gambardello’s confident outlook aligns with other analysts who believe the asset will soon break through resistance and set a new all-time high (ATH).

Cardano won’t be below $1 much longer.

— Dan Gambardello (@cryptorecruitr) February 27, 2024

Cardano Price History Supports Optimism

Cardano’s price history reinforces the potential for a substantial price increase. Despite the coin surging above $1 multiple times, these breakouts haven’t been sustained. In January 2018, ADA initially soared above $1 and peaked at $1.094. In 2021, Cardano experienced significant growth, culminating in an ATH surpassing $3.10.

Following this peak, the price dropped significantly, reaching a low of $0.2304 within the past year. However, recent indicators, alongside Bitcoin’s bullish momentum, suggest the worst of the downturn has passed, and ADA appears poised to surge again.

Analyst Forecasts and Ecosystem Growth

Gambardello expects Cardano (ADA) could reach $1 even before the next Bitcoin halving. This bullish sentiment is shared by market analysts, with some forecasting a near-term price target of $3. Amid the price prediction by analysts and Crypto Enthusiasts, Cardano is showing support for promising projects within its ecosystem.

As previously reported, Cardano’s Project Catalyst Fund 11, a decentralized funding initiative to empower promising projects within the Cardano ecosystem, has allocated resources to support 300 projects.

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The growth in DApps and real-world applications of Cardano further solidifies the blockchain’s potential for long-term success. Increased utility and adoption could drive ADA’s price closer to the bullish predictions.

Read Also: Changelly Experts Share Timelines for Cardano (ADA) to Hit $1.16, $2.35, $4.70, and $7.16 

An X user @CryptoSignalsU, responding to Gambardello’s post on X, made it known that while it is undeniable that cryptocurrency values are inherently volatile, the long-term growth prospects of Cardano “remains intriguing”.

This sentiment echoes a growing belief among many in the crypto space that despite the market’s notorious swings, certain digital assets like Cardano (ADA) possess the underlying fundamentals that could support sustained growth and broader adoption over time.

It’s important to remember that crypto markets are highly volatile. Analysts’ predictions, even those rooted in historical data and technical analysis, do not guarantee future performance. Investments always carry inherent risks.

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Gambardello’s optimistic forecast, revealed through a YouTube video, is based on his belief in Cardano’s rapidly evolving ecosystem and unwavering dedication to decentralization.

Read Also: Cardano Creator Hoskinson States What To Expect After Binance CEO Resignation

Favorable Catalysts Fueling Cardano (ADA) Bullish Prospects

Gambardello’s optimism stems from the substantial growth of Cardano’s decentralized finance (DeFi) landscape since the previous bull market.

He asserts that this flourishing ecosystem, driven by advancements such as the Shelley era and the implementation of a multi-asset ledger, positions ADA for exceptional growth in the impending bull run. Shelley, a significant milestone in Cardano’s development, focused on establishing the network as a robust and decentralized economic system.

Moreover, Gambardello highlights the enhanced capabilities of the Cardano network compared to its previous bull cycle. Despite lacking certain developmental milestones at that time, ADA surged from a mere $0.12 to $3. With the current advancements and expanded utility, Gambardello’s prediction of a rise to $11 appears increasingly feasible.

Cardano’s Superior Architecture: Setting It Apart

In a compelling comparison between Cardano and Ethereum, Gambardello confidently asserts that Cardano stands out as a more secure, robust, and decentralized blockchain platform.

While acknowledging Cardano’s current position behind Ethereum in terms of adoption, Gambardello firmly believes that Cardano’s trajectory will mirror Ethereum’s meteoric rise once its DeFi ecosystem is fully established.

Furthermore, Gambardello points out that ADA is undervalued when compared to Ethereum, despite offering similar functionalities in a more refined and decentralized manner. He commends the ongoing innovations within the Cardano network, emphasizing their strong focus on security and decentralization, which sets Cardano apart from its competitors.

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Read Also: Cardano (ADA) Golden Cross Emerges: Here’s the Significance

Alternative Perspectives: Evaluating Concerns

While Gambardello presents a bullish outlook for ADA, it is important to consider alternative viewpoints. Notably, fellow crypto analyst Lady of Crypto expresses skepticism regarding ADA’s exceptional performance during the next bull run.

She outlines five reasons for her doubts, including concerns about Cardano’s perceived slow development pace, which she believes could hinder its progress.

Despite differing opinions, Gambardello remains resolute in his positive forecast for ADA. His unwavering belief in Cardano’s potential stems from its superior architecture, growing DeFi ecosystem, and steadfast commitment to decentralization.

As the cryptocurrency market braces for the anticipated bull run, the Cardano community eagerly awaits the realization of Gambardello’s bullish prediction.

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In a new YouTube video titled, “CARDANO & XRP: Goldmine For The CRYPTO Bull Market”, Gambardello offered valuable insights and perspectives based on his extensive experience and deep understanding of the crypto landscape.

Read Also: Cardano Creator Hoskinson Slams XRP Community Once Again Over ETHGate Theory

Gambardello’s Faith in the Cardano (ADA) Potential

Gambardello has been a staunch supporter of Cardano (ADA) for years, holding a significant position in his investment portfolio. His unwavering belief in ADA stems from its robust ecosystem, technological advancements, and the strong leadership of Charles Hoskinson, the project’s founder.

With the rise of decentralized finance (DeFi) applications on the Cardano blockchain, Gambardello predicts a remarkable bull cycle for ADA. He envisions ADA capturing a 4% share of the $10 trillion crypto market, resulting in a market cap of $400 billion and a token value of $11 – a staggering 30x increase from its current price.

XRP: A Lower-Risk Investment with High-Potential Rewards

Gambardello’s enthusiasm extends to XRP, emphasizing its potential as a lower-risk investment with high reward potential. While acknowledging the differences between ADA and XRP, he believes in the benefits of holding both assets in a diversified portfolio.

Gambardello praises XRP’s vibrant community, which he considers comparable to those of Bitcoin and Ethereum. He also highlights XRP’s recovery from the SEC lawsuit and its clear regulatory status, factors that contribute to its reduced risk profile.

A Cautious Approach to Profit-Taking

Despite his bullish sentiment, Gambardello advises caution and a strategic approach to profit-taking. He recommends considering taking profits as investments reach significant gains, even if long-term optimism remains.

While Gambardello firmly believes ADA could reach much higher valuations, he contemplates selling ADA at a 5x increase from its current price. This cautious approach reflects his understanding of the inherent volatility of the cryptocurrency market.

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Read Also: Cardano Founder: Victory Against SEC is “One Small Step for XRP Nation, One Giant Leap for Crypto”

Exploring Opportunities within the Cardano Ecosystem

Gambardello’s insights extend beyond ADA, hinting at the potential of native tokens and other projects within the Cardano ecosystem. While he refrains from naming specific altcoins, he indicates an interest in investing in promising projects that are not yet publicly traded.

This willingness to explore emerging opportunities within the Cardano ecosystem demonstrates Gambardello’s commitment to staying ahead of the curve and identifying undervalued assets with significant growth potential.

Dan Gambardello’s unwavering belief in the potential of Cardano (ADA) and XRP, coupled with his cautious profit-taking approach and his keen eye for emerging opportunities within the Cardano ecosystem, offers valuable guidance for investors navigating the cryptocurrency market. His insights underscore the importance of thorough research, diversification, and caution in making investment decisions.

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In a post on X, Gambardello expressed his strong belief in the potential of the Cardano blockchain. He said ADA could lead the next crypto bull run with lots of opportunities it presents, which would make people leaving the Cardano ecosystem regret their decisions later.

I think people leaving Cardano ecosystem are going to regret that.

Cardano is going to lead crypto in the amount of opportunity it offers via all the projects and altcoins launching for the next bull.

It will be like Ethereum in the last bull market, but even better.

— Dan Gambardello (@cryptorecruitr) October 7, 2023

Read Also: Top Analyst: Cardano (ADA) To Surge 2500% in the Next Bull Run, $7.8 Will Be Minimum ATH

Although Cardano (ADA) has experienced some price surges this year, it is trading closer to its price in January 2023. Its price of $0.2576 is 91.69% down from its all-time high. Most other tokens in the market are in the same situation, and this underperformance has shaken the faith of many investors.

The Cardano Advantage

Cardano, often called the “Ethereum killer,” has made substantial strides in the crypto world since its launch in 2017. Its founder, Charles Hoskinson, also a co-founder of Ethereum, has brought his expertise to Cardano, creating a platform that aims to solve the critical issues plaguing the crypto industry.

One of the primary advantages Cardano offers is its scalability and sustainability. Unlike many blockchain networks struggling with high energy consumption and scalability challenges, Cardano employs the Proof of Stake (PoS) consensus mechanism to solve this.

PoS makes it environmentally friendly and capable of handling more transactions without the bottlenecks associated with the Proof of Work (PoW) systems. The co-founder of Solana, another popular blockchain platform and cryptocurrency, once shared his belief that people would leave Bitcoin if it didn’t switch to PoS.

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Read Also: Cardano (ADA) Network Has Spent 2129 Days With Zero Downtime

Cardano (ADA) Future

Gambardello’s tweet alluded to the exciting developments happening within the Cardano ecosystem. He states, “Cardano is going to lead crypto in the amount of opportunity it offers via all the projects and altcoins launching for the next bull.” He expects the innovation within the ecosystem to attract developers, entrepreneurs, and investors alike.

Furthermore, he states, “It will be like Ethereum in the last bull market, but even better.” Ethereum has been the dominant force in the crypto space for years, particularly during bull markets.

Gambardello expects Cardano (ADA) to perform better than Ethereum in the next bull run. Although he didn’t provide any specific numbers, we could see Cardano rise to its previous highs and even surpass them in the coming bull run that currently gathers momentum.

His prediction was supported by many in the community, with one user stating that anyone who left would be the one losing. If Gambardello is right, leaving Cardano could potentially be a regrettable decision.

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Gambardello took to Twitter to share his forecast, without explicitly explaining the reasoning behind his deduction. However, his subsequent tweets may provide some insight into his belief in Cardano’s price trajectory.

Read Also: Cardano Creator Hoskinson Provides Update On ADA Security Concerns, Ripple CTO Shows Support

The analyst suggested that as banks and traditional financial systems face challenges, there is a growing emphasis on cryptocurrency, setting the stage for an eventual crypto bull market. Gambardello believes this market surge will likely commence within a year.

$7.80 ADA minimum all time high in the next bull market.

Save this tweet.#Cardano $ADA

— Dan Gambardello (@cryptorecruitr) July 28, 2023

To achieve Gambardello’s anticipated target of $7.80, Cardano (ADA) would need to experience an almost 2,500% increase from its current price. While this may seem like ambitious speculation, it is important to note that the crypto market has a history of unexpected surprises.

Despite these predictions, it remains uncertain where the overall market is headed in the near future.

ADA Whale’s Perspective on Cardano Bull Run

In line with these predictions, ADA Whale, a prominent Cardano-focused Twitter account, also foresees the possibility of a Cardano bull run.

However, they caution that this may not be a short-term occurrence and could take time to materialize. As of the time of writing, ADA experienced a slight decline over the past 24 hours, resting at a price of $0.31.

Read Also: Australian-Based Lawyer: Classifying Cardano (ADA) as a Security is a “Regulatory Conspiracy”

Cardano (ADA) Recent Developments

Cardano builder Input Output Global (IOG) recently released its weekly report, highlighting the latest advancements made by the blockchain. Among the notable updates, Cardano introduced node v.8.1.2, a minor release that includes enhancements to the Plutus interpreter.

Additionally, the Mithril protocol’s mainnet beta was launched, marking a significant milestone for the Cardano network.

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According to the report, the Mithril team is closely monitoring the ongoing network performance and expects to initiate the creation of certificates during the upcoming Cardano epoch.

The development and progress demonstrated by Cardano’s team signifies the platform’s continual efforts to strengthen its technological capabilities and expand its functionality.

With the combination of positive predictions from experts like Dan Gambardello and the ongoing advancements on the Cardano network, the future of Cardano (ADA) holds promise as it seeks to establish itself among the leading cryptocurrencies in the market.

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The widely followed crypto analyst and trader said this in a tweet a couple of hours ago. This tweet comes at a time when the Cardano project is being vastly criticized at every corner of the crypto community.

Read Also: Crypto Capital Ventures Founder Describes Cardano as the Most Sound, Secure, and Scalable Blockchain

Dan Gambardello tweeted, “ADA will probably hit $10 a lot sooner than most think.”

$ADA will probably hit $10 a lot sooner than most think.

— Dan Gambardello (@cryptorecruitr) June 9, 2022

In the same thread of tweets, he explained further that an ADA price of $10 will only take the market capitalization of Cardano to around $330 billion, which is attainable if Ethereum’s valuation when it attained its price all-time high of over $4,000 is put into consideration.

Gambardello added, “It would only be around $330 billion. Part of the problem is that people don’t do the math correctly.”

$ADA will probably hit $10 a lot sooner than most think.

— Dan Gambardello (@cryptorecruitr) June 9, 2022

Also, on the 1st of June, Gambardello tweeted that he found it amusing that some people think it’s impossible for Cardano (ADA) market cap to reach $1 trillion, despite the fact that Ethereum’s market cap was once standing above $500 billion.

Gambardello stated, “It’s funny that people think it’s impossible for Cardano to reach $1 trillion market cap. Ethereum already reached over half of that & the crypto games are just beginning. I know it’s oddly controversial, but yes, I’m comparing ADA & ETH.”

It’s funny that people think it’s impossible for #Cardano to reach $1 trillion market cap. Ethereum already reached over half of that & the crypto games are just beginning.

I know it’s oddly controversial, but yes, I’m comparing $ADA & $ETH.

— Dan Gambardello (@cryptorecruitr) June 1, 2022

Read Also: CCV Founder: Cardano is the Biggest Sleeping Giant in Crypto; ADA Is Going to Explode

Likewise, on the 12th of May, the Crypto Capital Venture founder pointed out that Cardano is “silently positioning itself as the most sound, secure, & scalable blockchain.”

#Cardano is silently positioning itself as the most sound, secure, & scalable blockchain.$ADA

— Dan Gambardello (@cryptorecruitr) May 12, 2022

In a tweet on the 13th of May, the popular YouTuber also concluded that Cardano (ADA) has since been undervalued:

“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.”

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Gambardello shared this on 12th May with his teeming followers on Twitter. His YouTube channel where he mostly promotes Cardano-related products also has hundreds of thousands of followers.

Read Also: Cardano-Ethiopia Partnership Is Set For the Implementation Phase: Details

Dan Gambardello tweeted, “Cardano is silently positioning itself as the most sound, secure, & scalable blockchain.”

#Cardano is silently positioning itself as the most sound, secure, & scalable blockchain.$ADA

— Dan Gambardello (@cryptorecruitr) May 12, 2022

Also on 14th May, Gambardello said on Twitter that “we are watching Cardano blockchain explode with innovation,” and went on to say that “one project which acts as a community-run launchpad is now playing a big role in that innovation. That project is Cardashift.”

We are watching #Cardano blockchain explode with innovation.

And one project which acts as a community-run launchpad is now playing a big role in that innovation

That project is @cardashift https://t.co/6VnJez4aVU#Cardano $ADA $CLAP #Ad

— Dan Gambardello (@cryptorecruitr) May 13, 2022

Cardashift (CLAP) is a community-run launchpad that raises funds, builds, and accelerates startups that are solving social and environmental issues.

Read Also: Hoskinson Hits Back At Luna Founder for Making Negative Comment about Cardano (ADA)

Commenting on the performance of Cardano (ADA) during the recent market capitulation that dipped the prices of virtually all cryptocurrencies, especially Terra (LUNA) and TerraUSD (UST), Gambardello said:

“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.”

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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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