Altcoins
Cardano Bull Names Top 3 Altcoins to Outperform This Cycle
Dan Gambardello, founder of Cardano Bull and Crypto Capital Venture, is bullish on a few altcoins, saying they could be the stars of this bull season.
The crypto enthusiast listed Cardano (ADA), Avalanche (AVAX), and Dog (DOG) as the top altcoins of the season. He claimed to have put in a lot of work to call these digital currencies.
Cardano (ADA)
He identified ADA as a high-level sleeper with insane fundamentals. Gambardello said the masses have consistently bought into the false headlines propagated about Cardano
including the fact that the network is centralized. For him, this perspective has greatly influenced engagement with altcoin.
“But in fact, thanks to Voltaire, Cardano will have the largest on-chain governance system in all of crypto, completely managed by the community. True decentralization. The way Cardano evolves will also shock everyone. All with a brilliant layer of security,” said the Cardano bull.
Based on consistent research he claims to have conducted, Gambardello claims that the price of ADA is still lagging behind. However, he sees the possibility of a significant leap in the near future.
Avalanche (AVAX)
According to the analyst’s statement, Avalanche currently has some activities and stories going on that could push the price of AVAX to unprecedented levels. Avalanche staking recently went live on US cryptocurrency exchange Coinbase, marking a pivotal moment for both the protocol and the exchange. Likewise, the payment giant Band
has signed a strategic partnership with the blockchain network to expand its crypto presence.
There’s also the proposal to reinvent subnets, which Gambardello says has the ability to generate institutional interest and hype. John Wu, president of Ava Labs, recently hinted at a potential AVAX ETF. This could trigger a rise in the value of the altcoin.
DOG
To many, Gambardello’s decision to choose DOG may seem absurd, but the analyst pointed out that the altcoin is the biggest meme of the largest blockchain – Bitcoin.
Additionally, he noted that DOG has liquidity of up to $1 trillion, while its current theoretical cap stands at $750 million. He sees the possibility of DOG toppling DOGE in the long run, but at the same time, he said DOG is “my high risk/high reward play for this cycle.”
Currently, ADA is trading at $0.4492, while AVAX is currently trading at $35.86.
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