Dan Gambardello, the founder and CEO of Crypto Capital Venture, commented on the sharp price increase of cryptocurrencies based on the Cardano blockchain on Twitter.
Cardano-based crypto prices jump
According to TapTools, a number of native cryptocurrencies that were recently created on Cardano have had significant price increases, including BANK (up 19.66% and 2.64K% in the previous week), the meme currency SNEK (up 39.84% and 135.9% in the last week), AADA (74.81% in the past 30 days), and many others.
In response, Gambardello made numerous optimistic comments about tokens based on the Cardano blockchain. Since the bulk of these coins have not yet been published on centralised cryptocurrency exchanges and the bull market has not yet started, he thinks that this is only the beginning for these coins. He repeated it to emphasise this particular point. Gambardello also predicts that these currencies will continue to see significant price drops, and everyone who wants to invest in them will have the opportunity to do so.
Here’s why meme coins are here to stay, per Gambardello
The creator of the aforementioned business also provided his opinion on meme coins, which have been quite popular this year. The names of the biggest and most well-known meme cryptocurrencies, like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and others, have become increasingly common in news headlines.
Only recently introduced, PEPE and Milady Meme Coin (LADYS) are quickly dominating the market and consumers. PEPE has had a wave of listings on significant centralised cryptocurrency exchanges, and Binance even included it in its Innovation Zone. Elon Musk, the “great meme lord” and former CEO of Twitter, has cited both PEPE and LADYS.
In a tweet, Dan Gambardello expressed his opinion that “meme coins are here to stay.” Because “they are driven by community,” they have a tremendous value.
Since the majority of investors and traders are not interested in the underlying technology that supports those non-meme currencies, according to Gambardello, he compared all cryptocurrencies that are not based on memes versus those that are. He wrote that these folks simply wanted to be a part of something, and cryptocurrency gave them the opportunity.
He also owns certain meme currencies, as stated in an earlier tweet, but he chooses not to discuss them in his tweets, instead focusing on Cardano and Bitcoin.
