Cardano Altcoins' Prices Exploding, Crypto Capital Venture CEO Says There Will Be Big Dips

Tue, 05/30/2023 - 12:26
Yuri Molchan
Crypto entrepreneur and YouTube blogger opines on Cardano-based altcoins going up
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Founder and CEO of Crypto Capital Venture Dan Gambardello has taken to Twitter to comment on Cardano-based cryptocurrencies rising drastically in price.

Cardano-based crypto prices jump

According to TapTools, among native cryptos launched on Cardano, recently, many have shown massive price surges: BANK (up 19.66%, up 2.64K% within the last week), meme coin SNEK (up 39.84%, up 135.9% within a week), AADA (74.81% within the past 30 days) and many others.

Commenting on that, Gambardello shared several bullish thoughts on tokens based on the Cardano chain. He believes that this is just the beginning for these coins, since the majority of these coins have not been listed on centralized crypto exchanges yet, and the bull market has not yet begun. He stressed this particular argument by repeating it. Besides, Gambardello reckons that there will still be a lot of big dips for these coins, and everyone who wishes to get into them will have that chance.

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Here's why meme coins are here to stay, per Gambardello

The founder of the aforementioned company also shared his take on meme coins, which have turned into a real craze this year. News headlines especially have been filled with the names of the biggest and most popular meme cryptocurrencies — Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and others.

PEPE and Milady Meme Coin (LADYS) have emerged only recently and have already begun taking the market and users by storm. PEPE has seen a spree of listings on major centralized crypto exchanges and was even added by Binance to its Innovation Zone. Both PEPE and LADYS have been mentioned by the "great meme lord" Elon Musk, the owner (and now CTO) of Twitter.

Dan Gambardello tweeted that he believes "meme coins are here to stay." Their overwhelming value is caused by the fact that "they are driven by community."

Gambardello likened all non-meme cryptocurrencies to those based on memes since the majority of investors and traders are not interested in the actual technology that backs those non-meme currencies, according to him. These people, he tweeted, just want to be a part of something, and crypto gives them that chance.

In accordance with his earlier tweet, he also holds some meme coins, but he prefers not to tweet about that, talking about Bitcoin and Cardano instead.

About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at