{"id":35972,"date":"2024-02-09T22:52:43","date_gmt":"2024-02-10T02:52:43","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=35972"},"modified":"2024-02-09T22:52:43","modified_gmt":"2024-02-10T02:52:43","slug":"why-cardano-ada-is-a-top-altcoin-pick-in-the-next-bull-run","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/09\/why-cardano-ada-is-a-top-altcoin-pick-in-the-next-bull-run\/","title":{"rendered":"Why Cardano (ADA) Is A Top Altcoin Pick In The Next Bull Run"},"content":{"rendered":"

Dan Gambardello<\/a>, the founder of Crypto Capital Venture, has laid out a bullish narrative for Cardano going into the next bull run<\/a>. Based on his analysis, the crypto token has the potential to be one of the best-performing coins<\/a> during that period.\u00a0<\/p>\n

History Could Repeat Itself For Cardano<\/h2>\n

In a video<\/a> posted on his YouTube Channel, Gambardello<\/a> mentioned how Cardano was currently in the same technical area it was in the last two market cycles before the Bitcoin Halving<\/a>. He further noted that on those two occasions, ADA managed to surpass expectations and ended up clocking a new all-time high (ATH) in the process.\u00a0<\/p>\n

Specifically, ADA is said to have seen a 2700% gain on its way to its current ATH of $3 after the 2020 Bitcoin Halving. Gambardello believes that this time will be no different<\/a> despite ADA being significantly down from its ATH. Although he was trying to be cautious with his price predictions, he raised the possibility of Cardano seeing an 1800% gain on its way to $10 in the next bull run.\u00a0<\/p>\n

Interestingly, that isn\u2019t the crypto analyst\u2019s most bullish prediction so far. He once stated that ADA could rise to $11<\/a> at a market cap of $400 billion. Then, he hinted that ADA could enjoy a similar run as ETH did in the last bull run due to its DeFi functionalities.\u00a0<\/p>\n

This time around, he once again made the ADA and ETH comparison<\/a>, noting that the former hitting a market cap of $350 billion in the next bull run is still way less than ETH\u2019s market cap in the last bull run.\u00a0<\/p>\n\n

Bitcoin Halving Is The Key To Unlocking The Next Bull Run<\/h2>\n

Before now, Gambardello had hinted<\/a> that the Bitcoin Halving was going to kickstart the next bull run<\/a>. In his recent video, he once again suggested that the next bull run was going to start after the Halving in April<\/a>, noting how the bull cycles always take place after this event. He further highlighted how the Bitcoin chart was also indicating that the next bull run is imminent.\u00a0<\/p>\n

According to the crypto analyst, \u201ca simple zoom out on a Bitcoin chart\u201d shows that there is so much to be bullish about. Altcoins are not left behind, as Gambardello also claimed that the charts of altcoins like ADA and ETH<\/a> suggested that something was getting ready to happen, implying that a massive rally was on the horizon.\u00a0<\/p>\n

Meanwhile, Gambardello wasn\u2019t only bullish on the crypto market from a technical analysis perspective. He alluded to fundamentals like recent developments<\/a> around the Spot Bitcoin ETFs<\/a>, which show increased demand for the flagship crypto token, Bitcoin.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dan Gambardello<\/a>, the founder of Crypto Capital Venture, has laid out a bullish narrative for Cardano going into the next bull run<\/a>. Based on his analysis, the crypto token has the potential to be one of the best-performing coins<\/a> during that period.\u00a0<\/p>\n

History Could Repeat Itself For Cardano<\/h2>\n

In a video<\/a> posted on his YouTube Channel, Gambardello<\/a> mentioned how Cardano was currently in the same technical area it was in the last two market cycles before the Bitcoin Halving<\/a>. He further noted that on those two occasions, ADA managed to surpass expectations and ended up clocking a new all-time high (ATH) in the process.\u00a0<\/p>\n

Specifically, ADA is said to have seen a 2700% gain on its way to its current ATH of $3 after the 2020 Bitcoin Halving. Gambardello believes that this time will be no different<\/a> despite ADA being significantly down from its ATH. Although he was trying to be cautious with his price predictions, he raised the possibility of Cardano seeing an 1800% gain on its way to $10 in the next bull run.\u00a0<\/p>\n

Interestingly, that isn\u2019t the crypto analyst\u2019s most bullish prediction so far. He once stated that ADA could rise to $11<\/a> at a market cap of $400 billion. Then, he hinted that ADA could enjoy a similar run as ETH did in the last bull run due to its DeFi functionalities.\u00a0<\/p>\n

This time around, he once again made the ADA and ETH comparison<\/a>, noting that the former hitting a market cap of $350 billion in the next bull run is still way less than ETH\u2019s market cap in the last bull run.\u00a0<\/p>\n

Bitcoin Halving Is The Key To Unlocking The Next Bull Run<\/h2>\n

Before now, Gambardello had hinted<\/a> that the Bitcoin Halving was going to kickstart the next bull run<\/a>. In his recent video, he once again suggested that the next bull run was going to start after the Halving in April<\/a>, noting how the bull cycles always take place after this event. He further highlighted how the Bitcoin chart was also indicating that the next bull run is imminent.\u00a0<\/p>\n

According to the crypto analyst, \u201ca simple zoom out on a Bitcoin chart\u201d shows that there is so much to be bullish about. Altcoins are not left behind, as Gambardello also claimed that the charts of altcoins like ADA and ETH<\/a> suggested that something was getting ready to happen, implying that a massive rally was on the horizon.\u00a0<\/p>\n

Meanwhile, Gambardello wasn\u2019t only bullish on the crypto market from a technical analysis perspective. He alluded to fundamentals like recent developments<\/a> around the Spot Bitcoin ETFs<\/a>, which show increased demand for the flagship crypto token, Bitcoin.\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-35972","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=35972"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35972\/revisions"}],"predecessor-version":[{"id":35980,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35972\/revisions\/35980"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35972"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}