Despite the ongoing crypto winter, several crypto assets are doing well, and there are comparisons between competing crypto assets. One such comparison is Cardano Vs. Ethereum. Cardano is a proof-of-stake blockchain platform, while Ethereum 2 has just changed from Proof Of Work to Proof Of Stake methodology post the Merge software update. Since both are almost similar, a comparison is bound to happen regarding which Crypto asset will be more successful in the coming days.
Today, Ethereum (ETH) is the number two crypto asset, just behind Bitcoin (BTC). Cardano (ADA) is in the eighth position per the market cap. Therefore, it is imperative that the two entities, still far apart will, rub shoulders in the future. Let us find out.
Cardano (ADA) Vs. Ethereum: Fortunes Will Change In A Decade
The advent of cryptocurrencies in the last few years has seen the fortunes of many crypto assets swell and shrink. The top 20 crypto assets list has seen many old citadels falling and many new projects arising. Therefore, in the future, there will be drastic changes in the cryptocurrency sector. In the past few years, we have seen the meteoric rise of stablecoins, with Tether (USDT) and USDC at third and fourth ranks, respectively.
Well-known crypto influencer Ben Armstrong predicts that Cardano (ADA) will surpass Ethereum in terms of market capital and user base in the coming decade.
As per Ben Armstrong, “I now believe that Cardano will eventually pass Ethereum in market cap and users. It will not be soon, but ironically, the slow roadmap for full ETH 2.0 rollout will be the Achilles Heel.
Timeline: 6-10 years.”
Presently Ethereum (ETH) market cap is $157 billion, while that of Cardano is at $12.58 billion. So Ethereum’s market size is roughly thirteen times that of Cardano. When reports last came in, Ethereum was changing hands at $1,285.08, down 0.93% in the last 24 hours, while Cardano (ADA) currently stands at $0.3673, down 0.33% in the previous 24 hours.
Cardano (ADA) At Critical Level
Cardano (ADA) values have swung widely in the bearish crypto market. The current economic scene is bleak, with surging inflation and CPI figures worse than the most pessimistic predictions. However, crypto analysts like Michael van de Poppe feel Cardano is set for a price rise despite the bleak scenario.