Cryptocurrency influencer Dan Gambardello is optimistic about Cardano’s breakthrough ahead of the launch of Vasil Hard Fork on June 29
Dan Gambardello Is Waiting For Cardano Breakthrough
In a tweet on June 8, Dan Gambardello a crypto influencer explained why he is waiting for a Cardano (ADA) breakthrough. The important factors for Cardano’s breakthrough highlighted by the crypto influencer include:
1. Vasil Hard Fork
One of the first things he said was that the Vasil Hard Fork from the ADA was approaching. ADA’s chart also included an increasing triangular pattern, which Gambardello observed.
The triangle is approaching its apex, but for Gambardello, the most crucial aspect is that the apex is “essentially wrapping around the Vasil Hard Fork” near the end of June.
ADA is also challenging the $0.647 resistance and closing daily candles above the 20-day moving average, according to Gambardello.
2. Cardano Is Becoming Popular
Another important factor for the influencer is that Cardano is becoming more popular. The crypto community appears to be bullish on the coin, and a number of whales have been loading up on ADA.
Gambardello continued by saying that anything might happen at any time, but that he believes the crypto market, as well as traditional markets, are poised for a rally if all goes according to plan.
He further clarified that he is not attempting to make a forecast about ADA, but rather is referring to the consistent data that the organization has produced in the past.
Cardano is presently at $0.6393, according to CoinMarketCap, after a 9.28 percent price increase in the past 24 hours and a 4.76 percent price increase in the last seven days.
Institutional Investors Eye Launch Of Vasil Hard Fork
Institutional investors are investing in the platform ahead of the June 29 Vasil Hard Fork. Santiment, an on-chain analytics firm, said whale transaction counts had risen on the ADA network, leading prices to rise.
The ADA price climbed 15 percent on June 6, before retreating to $0.587. According to Dan Gambardello, founder of crypto capital venture Grayscale has increased its Cardano exposure.
Grayscale Investments introduced the GSCPxE Fund in late March, marking the company’s 18th investment product and third diversified fund offering.
