[DigitalToday reporter Hyunwoo Choo] Dan Gambardello (댄 감바델로), a well-known cryptocurrency analyst and influencer, has pushed back against renewed claims that cryptocurrency is dead after a recent plunge, stressing the resilience of bitcoin and major altcoins.

On June 13 local time, blockchain media outlet Decrypt reported he argued the market has not collapsed and that major cryptocurrencies and the emerging blockchain sector are still holding up. After last week’s slide, bitcoin fell to around $60,000, ethereum to $1,506 and XRP to $1.05. Cardano also dropped at one point to below $0.15. As the market later tried to recover, claims that cryptocurrency was dead spread again online, but Gambardello disagreed.

Gambardello said bitcoin is maintaining a long-term trajectory toward $1 million. He assessed that despite recent volatility it has been forming higher lows, which could be a positive signal for the broader market. He also said ethereum bears should be cautious, adding that if market conditions improve it could overturn scepticism.

He also pointed to Sui as a network where stablecoin activity is rising rapidly. He cited Sui’s stablecoin trading volume of $227 billion as evidence of growing utility and broader adoption. He said Cardano showed resilience despite recent price weakness and remains an important project.

He described Chainlink as the dominant oracle network and named Midnight as a promising project in the privacy segment. He said Solana is likely to regain momentum. XRP could benefit from greater regulatory clarity and rising adoption, he said, and in DeFi he assessed Hyperliquid is emerging as a leading player.

He called Bittensor a leading player in decentralised AI and said Ondo Finance is a key beneficiary of the trend toward real-world asset tokenisation. Gambardello stressed that blockchain networks should not be viewed only as competitors and that each project is expanding digital asset adoption together while advancing the industry’s broader goals.

Declarations that bitcoin is dead have been repeated many times in the past. Since 2010, bitcoin has been judged to have "died" 472 times amid tighter Chinese regulation, the Mt. Gox collapse, the Terra and FTX incidents, major market selloffs and geopolitical conflicts. When the first such case appeared on Oct. 15, 2010, the price was about $0.11, but by October 2025 it had risen as high as $126,198.

As bitcoin recently slipped back to the $60,000 level, such claims spread again, but the article also presented an estimate that buying $100 each time those declarations appeared would now mean holding bitcoin worth $65.82 million.

The fact that Gambardello mentioned not only bitcoin and ethereum but also stablecoins, DeFi, decentralised AI and real-world asset tokenisation shows that the cryptocurrency market’s areas of focus remain widely dispersed.