Crypto Capital Venture founder Dan Gambardello believes that ADA will explode.
Because of Cardano’s fundamentals, the crypto pundit is bullish about ADA.
Cardano continues to see an increase in activity.
Cardano (ADA), has been struggling for a while. ADA has fallen 23.3% year-to-date. The crypto asset trades at $1.01 on the day, down -1.31%. The current price is 67.4% lower than its record high of $3 in September 2021.
Cardano (ADA), proponents are confident that the market’s current price drop is temporary. Dan Gambardello is one such pundit. He is the founder of Crypto Capital Venture, a top-ranked recruiting firm for crypto startups. Gambardello stated that Cardano is misunderstood and misunderstood in large part by people who don’t see the larger picture.
Gambardello, who runs a Cardano pool stated that the proof of-stake blockchain was designed to provide global decentralized finance services. He believes ADA is set to rebound because of this.
“Cardano was built to provide global decentralized financial infrastructure…ADA is the largest sleeping giant in crypto. He said that it’s going to explode ,”.
Cardano is already buzzing with activity
Gambardello previously highlighted some reasons he is bullish about ADA. The crypto analyst stated that ADA is consistently ranked among top 10 cryptocurrencies according to market valuation. He also stated that , the blockchain, has the highest number of developer activities in crypto space.
The network has seen a lot of activity in the meantime. According to a list compiled and maintained by IOHK (the development arm of Cardano), more than 10 projects that are being built on Cardano made major announcements in February. MADAX, WingRiders, Yoroi Wallet, and Cfund are just a few of the key players.
Cardano’s 2022 plans
While increasing activity on blockchain has caused network congestion, IOHK announced plans to scale the network. A demo video was released by the firm of Hydra, the Cardano layer-2 scalability solution which will theoretically increase the transaction speed on the network.
Hydra is just one of many solutions IOHK has in place for 2022. To meet the demands of dApps, network parameter adjustments are being made to the network. This parameter adjustment increased the network block size from 72kb up to 80kb. It was an 11% increase.
