Wednesday, May 25, 2022
About us | Contact
Blockzeit
  • bitcoinBitcoin(BTC)$29,660.001.53%
  • ethereumEthereum(ETH)$1,969.730.63%
  • binancecoinBNB(BNB)$328.072.83%
  • SolanaSolana(SOL)$48.33-1.07%
  • dogecoinDogecoin(DOGE)$0.0832470.16%
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
No Result
View All Result
Blockzeit
No Result
View All Result
Home Education
coin 5511355 1280

coin 5511355 1280

Crypto Killer: Could Cardano Beat BTC and ETH?

Jay Speakman by Jay Speakman
August 30, 2021
in Education, Technology
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

Bitcoin and cryptocurrency prices have been trading sideways this week after surging higher in early August, despite bankers predicting a “seismic” financial shift toward crypto.

Cardano has never been focused on making it’s backers rich, but few would complain if that happens.

The Bitcoin price has dropped below $45,000 after failing to gain traction above $50,000 per Bitcoin. The second-largest cryptocurrency by market cap, Ethereum, while outperforming Bitcoin in recent months, has also struggled, with the price of an ETH token falling back towards $3,200 this past week.

With crypto traders and investors scrambling for guidance, the CEO of financial advisory firm deVere has stated that he expects Ethereum to continue to outperform Bitcoin this year and has set a September price target of $3 for Cardano’s ADA token, a 16 percent increase from its current price. Cardano will release their long-awaited smart contract functionality on September 12th.

“Cardano is now just behind the major headline grabbers Bitcoin and Ethereum,” said Nigel Green, CEO of deVere.. “I believe the price of Cardano will reach all-time highs in the next month, exceeding $3.”

Cardano’s main drivers

  • Riding the broader bull market in crypto
  • The pending release of smart contracts
  • Cardano’s eco-friendly “proof of stake” consensus
  • Scalability: Cardano will handle one million transactions per second to Ethereum’s one hundred thousand TPS
  • Cost: Transactions on the Cardano blockchain will be cheaper

Ethererum’s real world potential: a fading first move advantage?

One of the knocks on Bitcoin is that it doesn’t do anything. It’s only valuable because it’s scarce and that’s what makes it valuable.

Earlier this month Green said that he expects Ethereum, which is currently worth $382B, to eventually surpass the market capitalization of Bitcoin, which is currently worth over $922B.

Others have emphasized Ethereum’s “higher level of real-world potential” and “investor excitement for the game-changing transition to ETH 2.0.” The long-awaited Ethereum upgrade, which aims to make its blockchain more scalable, sustainable, and secure, began late last year and isn’t expected to be finished until well into 2022.

“Ethereum is more useful than Bitcoin and has technological advantages over its more well-known competitor. This means that it will eventually outperform Bitcoin in terms of value, most likely within the next five years.” However, more than a few believe that Cardano will beat both BTC and ETH as the most widely-adopted blockchain in the world.

Final thoughts

Cardano is on the cusp of releasing smart contracts and all indications are that it will go off without a hitch. With a successful implementation it is likely that many applications currently running slowly and at high cost on Ethereum might choose to migrate to the faster, cheaper Cardano blockchain. Why wouldn’t they?

Jay Speakman
Jay Speakman

I write about blockchain, crypto, NFTs and other disruptive technologies and innovations.

Tags: cardanoEthereum
Previous Post

You Can Now Pay With Bitcoin At High-End Swiss Alps Luxury Hotel

Next Post

Bananas For Bored Ape NFTs: $96M Sold in 1 Hour

Related Posts

Best crypto wallet

Choosing the Best Crypto Wallet – A Quick Guide

by Jay Speakman
May 23, 2022
0

With the crypto market suffering some pretty heavy volatility lately we thought it would again be a  good time to...

wrapped token

What Are Wrapped Tokens and How Do They Work?

by Jay Speakman
May 18, 2022
0

How can we have an interoperable ecosystem of data and information when two blockchains like Bitcoin vs Ethereum don't communicate...

How to Invest in Cryptocurrency: The Ultimate Beginner's Guide

How to Invest in Cryptocurrency: The Ultimate Beginner’s Guide

by Nate Kevin
May 16, 2022
0

The cryptocurrency market has taken the world by storm, drawing in a multitude of retail investors and institutional traders alike. ...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Buy Crypto
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

No Result
View All Result
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.