Dan Gambardello, a prominent market analyst and the brains behind CryptoCapitalVenture, sheds light on Cardano’s potential ascent following the recent green light from the U.S. Securities and Exchange Commission (SEC) for spot Ethereum exchange-traded funds (ETFs).
In a recent video, Gambardello referenced remarks from Coinbase’s chief legal officer, Paul Grewal, who affirmed Ethereum’s new status as a commodity. Gambardello suggests that this classification might extend to Cardano, asserting:
“ADA has its own narrative, particularly regarding ETFs, given its decentralized nature and unique design. AVAX also boasts its own narrative, with Ava Labs’ president actively advocating for the AVAX ETF.”
Gambardello holds strong convictions that both Cardano and AVAX are poised to emerge as standout performers among blue-chip altcoins. He anticipates ADA to surprise the market despite current holders feeling a sense of impatience.
Furthermore, Gambardello stresses that the approval of ETH ETFs bodes well for all altcoin investors, including those backing Solana (SOL) and Cardano (ADA). He concludes that the “anti-crypto army” is on the losing end, signaling a positive shift in the crypto landscape.
