On May 30, Twitter user Dan Gambardello shared his insights on what is in store for Cardano (ADA) in the near future.
In his video, Gambardello specifically mentioned some tweets referring to ADA’s amount of native assets in the past. He emphasized that in January, Cardano only had around 3 million native assets. Today, it was revealed in a tweet that Cardano currently has 5 million native assets.
Gambardello also said that ADA is officially the most oversold it has ever been. According to him, ADA’s position is now very similar to where it has bottomed out in the past. The only difference is that ADA now has reached this position at $0.50, while in the past, ADA was worth around 2 cents at this level.
The YouTuber also mentioned the anticipation leading up to the Vasil Hard Fork, and how this can be a great opportunity for investors.
Gambardello concluded his video by stating that where Cardano is now is turning it into the most-sound protocol out there. He also urged people that Cardano’s current situation is creating the perfect opportunity. Gambardello stated that “when markets recover, we enter an opportunity zone.”
Cardano is currently worth $0.5216 after an 11.95% price increase over the last 24 hours, according to CoinMarketCap. ADA also saw a 5.05% drop in price over the last week and a 35.85% drop over the last month.
ADA’a market cap currently stands at $17,599,474,715 and saw a 24-trading volume of $661,333,112.
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Source: Cryptocurrency - investing.com
