- If Bitcoin’s dominance drops, bulls might push ETH’s price above $3,000.
- ADA could head toward $0.90 if bulls successfully break the $0.63 resistance.
- The analyst noted that the recent ADA and ETH rallies are only a little of what could come.
Dan Gambardello, a crypto analyst, has revealed that Cardano (ADA) and Ethereum (ETH) would trigger a full-blown altcoin season as soon as Bitcoin (BTC) dominance falls. Gambardello based his thesis on previous cycles where both cryptocurrencies registered notable increases before other altcoins joined the climb.
According to the crypto analyst, ETH would soon start outperforming BTC. He noted that when this happens, ADA would join before tokens like Ripple (XRP) and Solana (SOL) move. However, the analyst noted that Bitcoin has not yet slowed down its dominance.
Bitcoin Dominance Chart (Source: TradingView)
As such, the significant price increase ETH and ADA had recently was not confirmation that the altcoin season was here. At press time, ADA changed hands at $0.62, representing a 19.75% jump in the last 30 days.
ETH, on the other hand, has gotten close to $3,000. Recently, Bitcoin’s dominance hit 5…
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