Will the market capitalization of the Cardano project exceed that of Ethereum?
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Answer Will the market capitalization of the Cardano project exceed that of Ethereum?
Several major cryptocurrency projects have managed to stay on top and in the top 10 cryptocurrency list.
Thus, comparisons between Ethereum and Cardano are becoming very common.
The Cardano project in its operation is very similar to the blockchain security platform, just like Ethereum 2.0, which recently moved to the quota mechanism.
So, there is a natural comparison to the Cardano project which could be more successful in the future.
Ethereum was at the top of the ladder behind Bitcoin in second place.
The Cardano coin ranks 8th according to the total market capitalization.
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Cardano vs Ethereum:
In the past few years, the top 20 cryptocurrency list has seen many changes with new entrants and the collapse of old projects.
Likewise, drastic changes in the way the cryptocurrency market looks in the future are very likely.
The past few years have seen the rise of stablecoins, with Tether (USDT) and USDC occupying the third and fourth places, respectively.
in this context , Expect Ben Armstrong, one of the crypto-influencers, says that in about six to ten years, Cardano could amass a huge market share.
He said that Cardano (ADA) could surpass Ethereum in terms of market capitalization and user base, as his statement was as follows:
I now officially believe that Cardano will eventually overtake Ethereum in terms of market capitalization and number of users.
It won’t be soon, but ironically, the slow roadmap to the rollout of Ethereum 2.0 will be Cardano’s opportunity to excel.
Currently, Ethereum has a market capitalization of $157 billion, while Cardano has a market capitalization of $12.62 billion.
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At these levels, the Ethereum market size is about 13 times the size of the Cardano market.
At the time of this writing, the price of Ethereum is $1,285, according to the price tracking platform CoinMarketCap.
While the price of Cardano ADA currently stands at $0.3677.
Cardano’s price reaches critical levels:
ADA Cardano is perhaps one of the most volatile cryptocurrencies in the current bear market cycle.
The successive setbacks in the macroeconomic landscape have also led to an increase in the struggles of the cryptocurrency market in recent times.
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Currently, the market is suffering from multiple negative pressures, most of which follow the scenario of the global economy.
Meanwhile, crypto analysts such as Michael van de Poppe feel Cardano is poised for a rally.
He said the current price is a very good position for investors to buy ADA.
On the other hand, analysts expect Ethereum to reach the key support level at the $1450 area.
In any case, what was mentioned above is not a recommendation, but rather a transfer of some ideas about the future of the Cardano project and the competition it could pose to Ethereum, meaning that predictions can be right or wrong.
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