Cardano (ADA) has been faltering for a while. Year-to-date, ADA is down 23.3%. On the day, the crypto asset is changing hands at $1.01, down -1.31%. The current price demonstrates a 67.4% drop from its all-time high price of $3 reached in September 2021.
Regardless, Cardano (ADA) proponents remain confident that the market’s price dip is only momentary. One such pundit is Dan Gambardello, the founder of Crypto Capital Venture (CCV) – a leading recruiting firm for fast growth crypto startups. Gambardello opined that Cardano is misunderstood by a lot of people who do not see the bigger picture.
Gambardello, who operates a Cardano pool, stated that the proof-of-stake blockchain is engineered to provide decentralized finance services on a global scale. This is why he considers ADA to be set to bounce.