Cardano (ADA), Avalanche (AVAX), and DOG have been tipped to be the leading altcoins for a thriving bull season. Prominent analyst Dan Gambardello revealed these as the top picks for the upcoming altcoin season, highlighting the aforementioned as his primary choices.
Cardano and Avalanche’s Revolutionary Potential
As per Gambardello’s analysis, Cardano is highly underrated by a large section of the crypto community who are swayed by false narratives that it is centralized. Despite the widespread skepticism, he pointed out that Cardano’s Voltaire upgrade will establish it as the largest on-chain governance system in the crypto space, fully operated by the community.
My current top altcoins for an insane altcoin season are $ADA, $AVAX, & $DOG
I know it’s so random…
Similar to last cycle, this process took years to decide on, and it wasn’t until recently that it really clicked.
I’ll explain each one:
1. Cardano
Cardano is a top 10…
— Dan Gambardello (@cryptorecruitr) June 1, 2024
The top analyst believes Cardano’s innovative scaling solutions and robust security measures set it apart from its competitors. Gambardello maintains that despite current price fluctuations, the community should anticipate a significant price surge in the near future, driven by Cardano’s strong community and technological advancements.
On Gambardello’s radar is also Avalanche. He expressed optimism that AVAX has the energy, compelling narratives and momentum to enjoy an incredible bull market. Additionally, the network’s ongoing innovations, such as the ‘reinventing subnets’ proposal is an added advantage. Also, the optimism surrounding an AVAX ETF supports a bullish outlook.
Notably, Gambardello considers the proactive efforts of Ava Labs, the company behind Avalanche, and the leadership of its President John Wu as compelling reasons for an insane run this cycle.
DOG’s Unique Position in the Meme Coin Market
Gambardello also placed a high stake on DOG, a relatively new meme coin on the Bitcoin blockchain. With a market cap around $750 million and no backing from major exchanges, Gambardello believes DOG’s pure and fair distribution model sets it apart.
The analyst drew parallels to previous meme coin successes like DOGE and Shiba Inu, anticipating DOG to be a standout performer in the upcoming cycle. He is particularly impressed by DOG’s community, describing it as relaxed and friendly, and envisions DOG potentially surpassing DOGE in the future.
Although Gambardello’s analysis might not be agreeable to all, he expressed confidence in his chosen path and encourages others to find their own strategies while supporting each other in the crypto community.
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