Elite Trader Shares a Meme Coin to Choose Over Cardano (ADA) for Gains

In a recent Twitter thread, renowned crypto analyst AreDub shares valuable insights on navigating the current bull run and maximizing gains.

As the market continues its upward trajectory, AreDub emphasizes the importance of holding altcoins that have demonstrated consistent outperformance, rather than clinging to underperforming assets from previous cycles.

In this article, we will delve into AreDub’s advice, exploring the pitfalls of holding slow movers and the strategies for identifying and investing in altcoins with the greatest potential for substantial returns.

The Cardano Conundrum

AreDub uses Cardano (ADA) as a prime example of an altcoin that has significantly underperformed in the current bull run. Despite being a well-known and popular project, Cardano has only managed a 2x increase from its bear market lows. AreDub argues that holding onto such slow movers is a waste of the limited opportunity presented by a bull run, which only occurs once every few years.

Identifying Underperformers with Bitcoin Pairings

To help investors determine whether an altcoin is underperforming, AreDub suggests examining its performance against Bitcoin (BTC). By looking at the altcoin’s Bitcoin pairing (e.g., ADA/BTC), investors can identify if the asset is in a macro downtrend, making lower highs and lower lows. If this is the case, the altcoin has likely underperformed Bitcoin thus far and will probably continue to do so throughout the remainder of the cycle.

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The Pendle Example: Outperformance in Action

In contrast to underperforming altcoins, AreDub highlights Pendle (PENDLE) as an example of an asset that has outperformed Bitcoin thus far. Pendle has demonstrated a macro uptrend in both its Bitcoin and USDT pairings, indicating that it will likely continue to outperform. AreDub suggests that these are the types of altcoins investors should focus on holding to maximize their gains.

Zooming Out and Making Tough Decisions

AreDub emphasizes the importance of zooming out and considering the bigger picture when evaluating an altcoin’s performance. Short-term fluctuations and temporary hype can often obscure an asset’s true potential. By examining an altcoin’s long-term performance against Bitcoin and the overall market, investors can make more informed decisions about which assets to hold and which to cut loose.

Moreover, AreDub encourages investors to be decisive in reallocating funds from underperforming altcoins to those that have demonstrated consistent outperformance. This process of “dumping the dead weight” is crucial for optimizing returns during a bull run.

AreDub’s advice serves as a valuable reminder for crypto investors to remain vigilant and adaptable during a bull run. By identifying and shedding underperforming altcoins, such as Cardano, and embracing assets that have consistently outperformed Bitcoin, like Pendle, investors can significantly increase their chances of generating substantial returns.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.