Cryptocurrency Analysis

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Cardano is one of the most important competitors of Bitcoin on the market along with Ethereum: a digital asset can beat BTC in many components



Cardano has everything to compete on an equal footing with the big cryptobrother. The digital asset has always been ranked as one of the most promising altcoins on the market due to its security and transaction speed. Cardano is the most watched asset on the eToro platform, which shows extraordinary interest.

More recently, with the bloodbath of the crypto market, Cardano managed to beat the bear market and stay afloat, thereby maintaining its position during the bloodbath and the global fall of the entire altcoin market. Then the asset was trading at $1.96, and the market capitalization rose to $62 billion. At that time, the entire crypto market fell by almost 10%.

Also, do not forget the environmental problems of the same Bitcoin, in particular, which is why Elon Musk refused to accept it as payment. Cardano is already a real green cryptocurrency.

Also Cardano is very quickly accepted on platforms. Grayscale has added Cardano to its massive market cap fund, indicating that the crypto asset is looking to climb new heights. Cardano is the third largest fund component after crypto giants, BTC and Ethereum. Also, at the moment, it is very important to consider such a factor as profitability, both in the short and long term.

If we compare the digital asset in this component, then the institutions that have invested in Cardano now would have received significantly higher returns compared to Bitcoin. If a year ago, crypto players had invested $1,000, they would have earned about $20,000 today, which makes the crypto asset very valuable for the long term and possible future bullish growth. At the moment, it is one of the most promising, most environmentally sustainable and safe assets of the crypto market.






Vitaly Kolesnikov
Analytical expert
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