A video by Lee the Captain discussed the possibility of Cardano spiking to $10. The view is held that Cardano is one of the greatest layer-one blockchains of all time, and as a result, its native token ADA could hypothetically reach a price of $10 during this bull run.
Comparing Cardano and Solana
When examining Cardano, critics often claim that it is slow while asserting that Solana is faster. Yet, it can be noted that Cardano is also fast. Detractors may argue that Solana is highly scalable, but Cardano is also highly scalable. Importantly, Cardano is considered more established, with a stronger community that is characterized as A+.
Cardano vs. Ethereum
There is a perception among some that Ethereum outshines Cardano. However, the expert disagrees with this notion. The question posed is why anyone would consider a layer-one blockchain like Ethereum, with its notoriously high gas fees and scalability issues, to be the best. While Ethereum’s ecosystem is acknowledged as amazing, with a vast community of supporters, this does not necessarily make it superior to Cardano. Cardano boasts very low gas fees and excellent scalability—traits that Ethereum currently lacks.
Cardano’s Market Cap Potential
Does Cardano need to match Ethereum’s size? The answer is no. It is suggested that achieving even 50% to 70% of Ethereum’s market cap would be a significant accomplishment for Cardano. If ADA were to reach $10 during this bull run, its market cap would be around $360 billion, which is only about $200 billion less than Ethereum’s all-time high market cap reached in 2021.
Given that in 2021 there were approximately 300 million crypto owners and now there are over 600 million, the potential for FOMO and hype during the current bull run is immense. The expert believes that Cardano is poised to surprise the world this time and probably reach $10.
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