ETH - Up 50% Could Cardano Finally Be Ready for a Major Breakout?
2023-06-02 06:15:00 ET
Throughout 2023, Cardano (CRYPTO: ADA) has almost kept pace with market leaders such as Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC). Cardano is now up almost 50% for the year, while Ethereum is up 56% and Bitcoin is up 63%. But is Cardano ever going to have a breakout moment when it starts outperforming the broader crypto market?
According to Cardano founder Charles Hoskinson, that moment could be coming soon. He recently released an updated outlook for Cardano , and it was remarkably bullish. In fact, he thinks Cardano might soon be able to outperform market leaders such as Bitcoin. Let's take a closer look.
Certainly, Cardano has turned in some noteworthy achievements over the past five months. Transaction volume, for example, is up more than 205% year to date. And Cardano continues to make headway on new initiatives designed to make the blockchain more secure, more scalable, and more efficient.
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Up 50%, Could Cardano Finally Be Ready for a Major Breakout?