ETH - Could Cardano Ever Become the Next Ethereum?
Even after a big tech upgrade last month, not many people are bullish on the future prospects of Cardano (CRYPTO: ADA) . There was little to no pop after the upgrade went live, and the price of Cardano continues to decline. Cardano is now trading for $0.36, down nearly 75% for the year, and some analysts are warning that the price could fall even more.
Yet, despite all this gloom and doom, Cardano founder Charles Hoskinson keeps saying he has "next-level" plans for future growth. Moreover, high-profile supporters now claim that Cardano can eventually overtake Ethereum (CRYPTO: ETH) as the preeminent Layer-1 blockchain. But just how realistic or likely is this?
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Could Cardano Ever Become the Next Ethereum?