Sign Up on MEXCExpert Believes ADA Market Cap Will Surpass In Cardano Vs Ethereum (ETH) Fight
Several major cryptocurrency projects managed to remain on top and comparisons like Cardano Vs Ethereum are starting to become commonplace. Cardano is a proof of stake blockchain platform, just like Ethereum 2.0, which made the transition with the Ethereum Merge. Therefore, there is a natural comparison as to which project could be more successful in the future. Ethereum has been at the top of the ladder just behind Bitcoin (BTC) at first rank. Whereas Cardano (ADA) is currently ranked 8 as per market capitalization.
Cardano Vs Ethereum: Turnaround In A Decade
In the past few years, the list of top 20 cryptocurrencies saw many changes with new entrants and collapse of older projects. Similarly, it is very much possible that there would be drastic changes in the way the crypto market positioning looks in future. The last few years saw the rise of stablecoins, with Tether (USDT) and USDC at third and fourth ranks respectively. In this context, Ben Armstrong, a crypto influencer predicted that in around six to 10 years, Cardano could amass huge market share. He said Cardano (ADA) could surpass Ethereum in terms of market cap and user base.
“I officially now believe that Cardano will eventually pass Ethereum in market cap and users. It won’t be soon, but ironically, the slow roadmap for full ETH 2.0 rollout will be the Achilles Heel.
Timeline: 6-10 years.”
Currently, Ethereum market cap stands at $157 billion, while that of Cardano is at $12.58 billion. At these levels, ETH market size is around 13 times that of Cardano. As of writing, Ethereum price stands at $1,285.08, down 0.93% in the last 24 hours, according to price tracking platform CoinMarketCap. The Cardano (ADA) price currently stands at $0.3673, down 0.33% in the last 24 hours.
Cardano (ADA) At Critical Level
ADA has probably been one of the most volatile cryptocurrencies in the current bear market cycle. Back to back setbacks in the macro scene have also added to the struggles of the crypto market in recent times. Currently, the market is struggling with multiple negative pressures in global economic scenario. Meanwhile, crypto analysts like Michael van de Poppe feel Cardano is set for a price rise. The current price is a very sound position for investors to go long on ADA, he said.
On the other side, analysts are predicting that ETH would have to reach a key support level at $1,450 range. If the top 2 cryptocurrency does reach the range, it could mean a bullish rally, according to crypto analyst Rekt Capital.
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