Altcoins
Cardano Bull Names Top 3 Altcoins That Will Outperform This Cycle
Dan Gambardello, Cardano bull and founder of Crypto Capital Venture, has remained bullish on a few altcoins, saying they could be the breakout stars of this bull season.
Notably, the crypto enthusiast listed Cardano (ADA), Avalanche (AVAX), and Dog (DOG) as the top altcoins of the season. He claimed to have put a lot of work into naming these digital currencies.
Cardano (ADA)
He identified ADA as a big sleeper with insane fundamentals. Gambardello said the masses have always believed the false headlines propagated about Cardan
including the fact that the network is centralized. For him, this perspective greatly influenced the commitment to the altcoin.
“But actually, thanks to Voltaire, Cardano will have the largest on-chain governance system in all of crypto, entirely community-run. True decentralization. The way Cardano will evolve will also shock everyone. All with a brilliant security layer,” the Cardano bull said.
Based on the research he claims to have conducted, Gambardello claims that the price of ADA is still falling. However, he sees the possibility of a significant increase in the near future.
Avalanche (AVAX)
According to the analyst’s statement, Avalanche currently has some activities and narratives 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 the protocol and exchange. Similarly, payments giant Band has signed a strategic partnership with the blockchain network to expand its crypto presence.
There’s also the proposed reinvention of subnets, which Gambardello believes has the potential to generate institutional interest and hype. John Wu, president of Ava Labs, recently hinted at a possible AVAX ETF. This could trigger a surge in the altcoin’s value.
DOG
To many, Gambardello’s decision to choose DOG may seem absurd, but the analyst pointed out that the altcoin is the biggest meme on the largest blockchain – Bitcoin.
Additionally, he noted that DOG has liquidity of up to $1 trillion, while its current theoretical hard cap sits at $750 million. He sees the potential for DOG to overthrow DOGE in the long term, but at the same time, he said that 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.
Learn more: Donald Trump’s conviction is ‘a dark day in American history’