Amid increased price fluctuations in the crypto market, Crypto Capital Venture founder Dan Gambardello is bullish about Cardano’s (ADA) future. In his latest YouTube video, Gambardello compared Amazon’s stock price trajectory to Cardano’s, highlighting striking similarities between both companies. While he acknowledged ADA’s two-year-long bearish market conditions, the analyst believes that, like Amazon, Cardano has the potential for long-term growth. Since both entities’ technology differs with varying achievements, he compared the underlying principles and price action. Cardano’s (ADA) Current Market Condition Is Similar To Amazon’s Early Years Gambardello highlighted Amazon’s historical price performance between 1999 and 2001. According to him, Amazon stock nosedived from a $5.25 all-time high price to 30 cents between this timeframe. Related Reading: Worst Behind For BTC Price? Whales Accumulate Bitcoin, But It’s Not BlackRock Similarly, ADA’s value, which rose above $3 during the bull market in September 2021, has now plummeted to 25 cents. Therefore, the analyst likened buying ADA in 2023 and acquiring Amazon stocks in 2001. This is particularly true given Cardano’s growth potential in the financial market. Moreover, Gambarde ..
Support the originator by clicking the read the rest link below.
