Introduction
Crypto influencer Dan Gambardello, founder of Crypto Capital Venture, recently shared his insights on Cardano (ADA) in a comprehensive video. He explored Cardano’s market position, and technological advancements, and drew several comparisons with Ethereum, highlighting why he believes Cardano is a strong contender in the crypto space.
Cardano’s Market Position
Gambardello starts by emphasizing that Cardano remains a top-five cryptocurrency, even amidst market volatility. He notes that Cardano is “ready to go” for the next bull cycle, maintaining its market position despite bearish sentiment.
Cardano and Ethereum: Market Cycles
Gambardello draws a parallel between the market cycles of Cardano and Ethereum. He points out that both cryptocurrencies had similar first bull markets, with Ethereum reaching a $125 billion market cap and Cardano close behind at $93 billion. Both also experienced significant drops in their bear markets, with Ethereum falling around 94% and Cardano around 91%.
Technological Advancements: Cardano vs. Ethereum
Gambardello argues that Cardano is not “late to the party” in terms of technological advancements. He cites the launch of Alonzo smart contracts and the emergence of DeFi platforms like Sunday Swap as evidence that Cardano is on a similar but potentially more advanced technological path compared to Ethereum.
Total Value Locked (TVL) and Staking
Discussing the concept of Total Value Locked (TVL), Gambardello suggests that if staked ADA were considered in Cardano’s TVL, it would rank much higher. He argues that Cardano’s innovative staking mechanism, which allows ADA to remain in the user’s wallet, should be considered an asset and included in TVL calculations.
Market Cap Projections
Gambardello speculates that even if Cardano doesn’t reach Ethereum’s $546 billion market cap, a more conservative estimate of $350 billion would still result in a $10 ADA. He clarifies that this is not a price prediction but a starting point for discussion.
DeFi and Total Value Locked
Gambardello highlights that Ethereum had almost no total value locked (TVL) back in November 2018, just after its first bull market. In contrast, Cardano already has around a million dollars in TVL as of January 2022, thanks to the launch of DeFi platforms like Sunday Swap. He argues that this demonstrates Cardano’s potential to catch up with or even surpass Ethereum in the future.
The Importance of Staking in TVL
Gambardello questions why staked ADA is not considered in Cardano’s TVL. He argues that Cardano’s staking mechanism is innovative and should be included in TVL calculations. He cites a tweet stating that if staked ADA were considered, Cardano would be second in terms of TVL with $5.5 billion.
Conclusion
Gambardello believes that Cardano is a strong contender in the crypto space for various reasons, including its technological advancements and market resilience. While acknowledging that Cardano has its flaws, he emphasizes that it is doing a great job in terms of security, decentralization, and scalability. He encourages viewers to share their thoughts and subscribe to his channel for more insights.
Featured Image via Unsplash
Very nice layout and wonderful subject matter, very little else we want : D.
I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get bought an impatience over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly very often inside case you shield this hike.
Simply a smiling visitant here to share the love (:, btw great style.
Very interesting points you have noted, thanks for putting up.
Valuable info. Lucky me I found your site by accident, and I am shocked why this accident did not happened earlier! I bookmarked it.
It?¦s really a cool and useful piece of info. I am happy that you just shared this useful information with us. Please keep us informed like this. Thank you for sharing.
WONDERFUL Post.thanks for share..more wait .. …
Purdentix reviews
I love how user-friendly and intuitive everything feels.
AQUA SCULPT REVIEWS
A perfect blend of aesthetics and functionality makes browsing a pleasure.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
ICE WATER HACK
Thank you for some other great post. The place else could anybody get that kind of info in such an ideal manner of writing? I have a presentation next week, and I am on the search for such information.
Time is often called the soul of motion, the great measure of change, but what if it is merely an illusion? What if we are not moving forward but simply circling the same points, like the smoke from a burning fire, curling back onto itself, repeating patterns we fail to recognize? Maybe the past and future are just two sides of the same moment, and all we ever have is now.
Greetings! Very helpful advice on this article! It is the little changes that make the biggest changes. Thanks a lot for sharing!
All knowledge, it is said, comes from experience, but does that not mean that the more we experience, the wiser we become? If wisdom is the understanding of life, then should we not chase every experience we can, taste every flavor, walk every path, and embrace every feeling? Perhaps the greatest tragedy is to live cautiously, never fully opening oneself to the richness of being.
I’ve been surfing on-line more than 3 hours as of late, but I by no means found any interesting article like yours. It’s pretty worth enough for me. Personally, if all web owners and bloggers made good content as you probably did, the net might be a lot more helpful than ever before. “I think that maybe if women and children were in charge we would get somewhere.” by James Grover Thurber.
Purdentix
I am continuously looking online for tips that can aid me. Thanks!
The crux of your writing whilst appearing agreeable at first, did not really work very well with me personally after some time. Someplace throughout the sentences you actually managed to make me a believer but only for a while. I however have a problem with your leaps in logic and one might do well to help fill in those gaps. In the event you can accomplish that, I would certainly end up being impressed.
Its excellent as your other posts : D, regards for posting. “To be able to look back upon ones life in satisfaction, is to live twice.” by Kahlil Gibran.
Purdentix reviews
how can i get cheap clomid no prescription where can i buy clomiphene without prescription can you buy cheap clomid without insurance clomiphene pills for sale how to get clomid pill how can i get cheap clomiphene tablets where to buy cheap clomiphene no prescription says:
I couldn’t hold back commenting. Adequately written!
Thanks recompense sharing. It’s acme quality.
oral zithromax – tinidazole 300mg cost purchase metronidazole online
rybelsus where to buy – purchase rybelsus generic cyproheptadine 4mg tablet
buy motilium without prescription – sumycin 500mg us order cyclobenzaprine generic
A large percentage of of the things you point out is supprisingly precise and it makes me ponder why I had not looked at this with this light before. This particular article truly did turn the light on for me personally as far as this specific issue goes. But at this time there is actually one point I am not too comfortable with and while I attempt to reconcile that with the core idea of your point, permit me see just what the rest of the visitors have to say.Nicely done.
amoxil order – amoxil order online ipratropium 100 mcg cheap
oral augmentin – at bio info ampicillin online order
order nexium pill – anexa mate order generic nexium
where can i buy coumadin – anticoagulant losartan 25mg uk
where can i buy mobic – https://moboxsin.com/ buy generic meloxicam 7.5mg
cheap erectile dysfunction pill – fastedtotake buy ed meds online
order amoxicillin for sale – https://combamoxi.com/ cost amoxicillin
More delight pieces like this would create the web better.
The sagacity in this ruined is exceptional.
oral diflucan 200mg – this oral diflucan
order cenforce 50mg online – site purchase cenforce without prescription
cialis 20 mg tablets and prices – https://ciltadgn.com/ vardenafil and tadalafil
ranitidine 300mg uk – on this site ranitidine medication
cialis active ingredient – canadian no prescription pharmacy cialis prescription for cialis
viagra online discount – strongvpls viagra 100mg cost
More posts like this would prosper the blogosphere more useful. https://buyfastonl.com/furosemide.html
More posts like this would add up to the online space more useful. online
More articles like this would make the blogosphere richer. https://prohnrg.com/product/diltiazem-online/
This is the kind of post I recoup helpful. https://aranitidine.com/fr/acheter-fildena/
Good blog you procure here.. It’s severely to assign strong calibre writing like yours these days. I truly respect individuals like you! Rent care!! https://ondactone.com/spironolactone/
More posts like this would force the blogosphere more useful.
inderal 20mg pills