Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Cardano $50 Moonshot — Will ADA Replace Ethereum?

CryptocurrencyMar 04, 2021 06:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters Cardano $50 Moonshot — Will ADA Replace Ethereum?

  • Crypto Ben believes that Cardano has got a great shot to replace Ethereum.
  • ADA could moonshot to $50.
  • Cardano needs four and a half times the market cap to reach the level of ETH.
  • Crypto expert says it is better to hold both ETH and ADA.

Youtuber MMCrypto and Big Boy Crypto Ben had an interesting discussion on youtube about Cardano (ADA) price maybe hitting $50. They also spoke of ADA possibly dethroning Ethereum (ETH) to reach the second spot in the market cap.

Lately, there has been intense demand for Cardano. Moreover, people also want to know where ADA is going. Some people expect that ADA will dethrone Ethereum. Also, ADA might take the number two rank in market cap. In line with this, Ben who is a crypto expert in ADA gave a clear explanation about the crypto.

Cardano (ADA) Dethroning Ethereum (ETH)

Ben believes that Cardano has got a really great shot to dethrone Ethereum in the long run. In this specific bull run, he is not sure if it can pass ETH but he believes it has got a decent chance. Moreover, mainstream investors have now started to hear the word ADA. Likewise, this is very important for the price as it will bring in a pool of new potential investors.

The main issue with ETH is that it comes with scalability issues, as well as high gas fees. According to Ben, this will affect the institutional value coming into ETH. However, we can still see at least a 10x increase from ETH this bull run. Although, the gas fees tend to scare off a lot of traders.

ADA has taken into account all these problems faced by ETH. The ADA platform and its future upgrades will come with solutions. Therefore, it won’t have issues with scalability or security down the road.

In the long run, ADA has a chance to become number two in the market cap. Consequently, Ben sees a future where ADA and ETH fight back and forth with one another. This is similar to ETH and XRP when the latter would pass ETH and then fall back.

Cardano (ADA) $50 Moonshot

According to CoinGecko, the ADA price is $1.21, at the time of writing.

TradingView)

Cardano has a market cap of over $38 billion. On the other hand, Ethereum’s market cap is about $180 billion. Thus, ADA needs four and a half times the market cap to reach the level of ETH.

Ben added that, if ADA can reach or surpass ETH in market cap, all eyes will be looking at an exciting $50. Moreover, a lot of investors will be super happy with a $50 moonshot. Moreover, Ben got a lot of questions from investors about whether to sell ETH for ADA.

Bed added,

“I think hedging your bets by having both coins is really great.”

Ben said that it is better to hold both the cryptocurrencies Ethereum and Cardano. He also suggests waiting for an ETH big run-up and then ADA to have a dip. However, that would be the time to diversify the portfolio.

This article first published on coinquora.com

Continue reading on CoinQuora

Cardano $50 Moonshot — Will ADA Replace Ethereum?
 

Related Articles

Ethereum Falls 10% In Selloff
Ethereum Falls 10% In Selloff By Investing.com - Jan 21, 2022

Investing.com - Ethereum was trading at $2,838.02 by 06:34 (11:34 GMT) on the Investing.com Index on Friday, down 10.02% on the day. It was the largest one-day percentage loss...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
Rytis Ti
Rytis Ti Mar 08, 2021 11:10AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
For that to happen Cardano market cap has to be 1.58 trillion. If bitcoin cap at 20-30 trillion and ADA finds tremendous usefulness, I could see that. But for now it sounds like fantasy.
Diego Cazares
Diego Cazares Mar 05, 2021 8:11AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This article does not understand Tokenomics.
Joe Ko
Joe Ko Mar 04, 2021 10:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
$50??? so once we get past 180 billion market cap, our next target is $2 trillion. only doubling bitcoins current market cap. should be easy
Kreg Lee
Kreg Lee Mar 04, 2021 6:57AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Trust your own research .. that $50Moon shot does sound nice but reality says maybe half of that at best ..
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email