Top Analyst Reveals 3 Altcoins to Watch in Altcoin Season
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2024-06-05 03:55
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Key Highlights

  • Top Analyst Picks: Dan Gambardello's top three altcoins for the upcoming bull run.

  • Cardano (ADA): Strong fundamentals and community-driven governance.

  • Avalanche (AVAX): Positive narratives and potential institutional interest.

  • DOG: The largest memecoin on the Bitcoin blockchain with high potential.

Investors are keen to find top coins with substantial return potential as the crypto market gears up for the altcoin season. In a news article on Watcher Guru, crypto analyst Dan Gambardello recently shared his top three altcoin picks for the upcoming bull run: Cardano (ADA), Avalanche (AVAX), and DOG.

 

Cardano (ADA)

Gambardello’s first pick is Cardano, a top 10 cryptocurrency with strong fundamentals. He highlights Cardano's upcoming Voltaire upgrade, which will establish the largest on-chain governance system, fully run by the community. This demonstrates true decentralization. Gambardello also points out Cardano’s scaling potential and robust security. Despite often lagging in price, he believes Cardano will surge unexpectedly, similar to its past performance.

 

Avalanche (AVAX)

Avalanche is Gambardello’s second pick. He believes AVAX has compelling narratives that could lead to significant gains. The ‘reinventing subnets’ proposal and potential institutional interest are key factors. John Wu, President of Ava Labs, has expressed optimism about an AVAX ETF. Gambardello sees this as a positive sign, indicating that Avalanche has the momentum for a strong bull market.

 

DOG

The third pick, DOG, may surprise some, but Gambardello is confident in its potential. As a memecoin on the Bitcoin blockchain, DOG benefits from over $1 trillion in liquidity. Despite its current market cap of around $750 million and no tier 1 exchange listings, Gambardello compares DOG to the past performances of DOGE and Shiba. He believes DOG could be a top performer this cycle due to its fair distribution and strong community. Gambardello sees DOG as a high-risk, high-reward play.

 

Gambardello’s picks are based on careful study and consideration. He believes Cardano, Avalanche, and DOG have the potential to shock the market with their performance. Keep an eye on these altcoins as the market heads into altseason.

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