It may be a somewhat simple decision, but in a way it makes sense. Dan Gambardello, founder of Crypto Capital Venture, believes Ripple and Cardano will make investors big money in the next bull market.
Ripple is obviously the big winner of the 2017 bull market (and the loser of 2021), while Cardano has made many investors rich in 2021.
Two cryptocurrencies that stand out
Gambardello recently shared his insights on why he is optimistic about the prospects of XRP and ADA. In a 15+ minute video, Gambardello explains his portfolio strategy, his approach to profit taking and why he believes these two cryptocurrencies stand out as potential top investments.
Cardano can go x30
The analyst starts with Cardano, which represents a significant portion of his investment portfolio. He expects a significant bull market for Cardano, especially with the rise of decentralized finance on the platform.
He speculates that a total market cap of $10 trillion is possible for the entire crypto market and that Cardano could represent 4% of that. This would mean that the coin would have a market value of $400 billion (currently $12.6 billion). According to the analyst, the price of ADA will then be $ 11, a thirty-fold increase.
Positive about XRP
The second cryptocurrency Gambardello is excited about is XRP. Despite the differences with the ADA, he sees synergies in maintaining both. He notes that both have vibrant communities, perhaps even more so than Bitcoin or Ethereum.
With the potential for profits comparable to those of ADA, he views XRP as a worthwhile, lower-risk investment, especially given the recent SEC ruling and clear regulatory status.
Take advantage of your cryptocurrency
Gambardello says it’s important to have a plan for when to take profits. He advocates a conservative approach, suggesting that even if one is optimistic about a cryptocurrency’s long-term prospects, it is wise to take profits once significant gains have been made.
For example, Gambardello plans to start selling ADA when the price rises by a factor of 5 from now, although he expects it to rise much higher.
Source: BTC Direct
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
