Altcoins
Cardano Bull names the 3 best Altcoins to outperform this cycle
Dan Gambardello, founder of Cardano and Crypto Capital Venture, is optimistic about some altcoins, saying they could be the protagonists of this bull season.
The cryptocurrency enthusiast listed Cardano (ADA), Avalanche (AVAX), and Dog (DOG) as the top altcoins of the season. He stated that he has worked hard to name these digital currencies.
Cardan (ADA)
He identified ADA as a sleeper with crazy fundamentals. Gambardello said the masses have consistently believed the false headlines that have been propagated Cardan
including the fact that the network is centralized. For him, this perspective has greatly influenced engagement with the altcoin.
“But in reality, through Voltaire, Cardano will have the largest on-chain governance system in all cryptocurrencies, entirely community-run. True decentralization. The way Cardano scales will also shock everyone. All with a brilliant level of safety,” said the Cardano bull.
From consistent research he claims to have conducted, Gambardello says ADA pricing always lags. However, he senses the possibility of a significant leap in the near future.
Avalanche (AVAX)
According to the analyst statement, Avalanche currently has a couple of ongoing activities and narratives that could push the price of AVAX to unprecedented levels. Avalanche staking recently went live on American cryptocurrency exchange Coinbase, marking a pivotal moment for both the protocol and the exchange. Likewise, the payments giant Band
has entered into a strategic partnership with the blockchain network to expand its crypto presence.
There is also the proposal to reinvent the subnetworks, which according to Gambardello has the ability to stimulate institutional interest and hype. John Wu, president of Ava Labs, recently hinted at a potential AVAX ETF. This could trigger an increase in the value of the altcoin.
DOG
For many, Gambardello’s decision to choose DOG may seem absurd, but the analyst pointed out that the altcoin is the biggest meme on the biggest blockchain: Bitcoin.
Furthermore, he noted that DOG has up to $1 trillion in liquidity behind it, while its current theoretical limit is $750 million. He sees the possibility of DOG upending DOGE in the long term but, at the same time, says 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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