- Crypto analyst Dan Gambardello believes ADA is ready for an uptick.
- Gambardello has predicted bullish cases for ADA and AVAX.
- Gambardello states that ADA and AVAX can be the top performing altcoins this cycle.
Dan Gambardello, a leading market analyst and founder of CryptoCapitalVenture, highlighted Cardano (ADA) as a potential beneficiary following the recent U.S. Securities and Exchange Commission (SEC) approval of spot Ethereum exchange-traded funds (ETFs).
Mr. Gambardello, in an X video, cited Coinbase’s chief legal officer, Paul Grewal, who noted that Ethereum is now classified as a commodity. Mr. Gambardello argued this classification could extend to Cardano, stating:
“ADA has its own narrative I think in terms of the ETFs for being as decentralized as it is for being built in the way that it is. AVAX also has its own narrative, that is to say its own president of Ava Labs is out there fighting for the AVAX ETF.”
Mr. Gambardello expressed his belief that both Cardano and AVAX are “extremely well positioned to be top performers among blue-chip altcoins.” He predicted that ADA will “make its move out of nowhere,” despite currently testing the patience of its holders.
Additionally, Mr. Gambardello emphasized that the approval of ETH ETFs is a positive development for all altcoin holders, including those of Solana (SOL) and Cardano (ADA). He concluded that the “anti-crypto army” was losing ground.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
 and Avalanche (AVAX) are set to become the top performing altcoins this cycle.){kind=link}