On Sunday (1 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 Cardano ($ADA) prediction for 2023.
Gambardello told his over 238K Twitter followers:
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.“
Around three months later, 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 is currently around $14.82 billion, 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 $ADA comes from.
On 21 December 2022, Cardano Foundation explained why 2022 has been a fantastic year for smart contracts platform Cardano ($ADA).
Cardano Foundation is “an independent Swiss-based non-profit that oversees and supervises the advancement of Cardano.” It is the legal custodian of the Cardano brand and it collaborates with IOG and EMURGO to “ensure that Cardano is being developed and promoted as a secure, transparent, and accountable solution for positive global change.” Cardano Foundation “sets the direction for decentralized economic empowerment, working with regulators in different jurisdictions to shape blockchain legislation and commercial standards, and empowering the Cardano community to leverage the Cardano protocol to solve real-life problems.”
Here are some of Cardano’s main achievements in 2022 mentioned by Cardano Foundation:
- impressive on-chain growth (number of native tokens, wallets, Plutus scripts, transactions, and delegated wallets went up 192%, 47%, 394%, 139%, and 27% respectively);
- many new partnerships and collaborations (e.g. with NMKR, UZH Blockchain Center, and veritree);
- Cardano Summit 2022, which was held November 19-21, 2022 in Lausanne, Switzewrland;
- taking part in 20+ events (e.g. Consensus 2022) around the world; and
- 50 Cardano Improvement Proposals (CIPs) reviewed.
Featured Image via Unsplash
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