Dan Gambardello shared a key factor that is hinting at a better price recovery signal for Cardano (Ada).
Dan Gambardella is the founder of Crypto Capital Venture (CCV) and also he is the host of the popular YouTube channel “Crypto Capital Venture”. He is one of the fans of the Cardano blockchain.
On 6 April 2023, Dan Gambardello took to Twitter to share his intuition on ADA coin price and said that ADA holders are going to enjoy big rewards.
However, he said that there is no guarantee for the same but crypto analytic data findings are showing that Total Value Locked on the Cardano is continuously increasing for a few months.
Just a couple of days ago, the CCV founder also talked about the continuous increment in TVL.
The current price of the ADA coin is $0.3797 & this trade price is 17% high over the last 30 days of trade price.
Bitcoin Fear & Greed Index
The current Bitcoin fear & greed index is 64, which means crypto Investors are trading with full confidence, and panic over loss of Investment is very less.
Recently Cardano founder Charles Hoskinson appeared in a podcast with Cointelegraph and there he said that the Cardano engineering team completed 85% of the initial Cardano roadmap journey.
There he also addressed the slow network upgrade and admitted that the team was betting on the wrong blockchain technology & that was the main reason behind slow network updates.