Cardano has been in the spotlight, and it seems that the project refuses the leave it. The momentum continues, and the various achievements that the team behind the project has been marking are keeping Cardano on top.
Cardano vs Ethereum
The online publication the Daily Hodl has recently revealed that the pseudonymous host of Coin Bureau is sharing his thoughts on some of the advantages Cardano has in the race with Ethereum as the top smart contract platform.
In a new video in which the analyst known as Guy made sure to reveal his top crypto holdings, he said that Cardano (ADA) comprises just under 8% of his portfolio.
The Coin Bureau host said to subscribers that he’s invested in Cardano as a hedge in the event that Ethereum is unable to live up to its name as the best blockchain platform.
Cardano announced earlier this week that smart contracts would be up and running this August – Guy noted that this is theoretically putting it in second place next to Ethereum.
“Like Polkadot (DOT), I see Cardano primarily as a hedge in case anything goes wrong with Ethereum… I am a huge fan of Cardano’s peer review approach to research and development,” he said, as cited by the same online publication mentioned above.
He continued and said: “I have a feeling that Cardano will be running smart contracts much sooner than Polkadot, which would theoretically make it the next runner up to Ethereum.”
Cardano and smart contracts
Charles Hoskinson hopped on Twitter and dropped this message:
Smart Contracts here we come https://t.co/acACFdzSNp
— Charles Hoskinson (@IOHK_Charles) April 8, 2021
Also, Ben Armstrong is reportedly expecting Cardano’s rally to continue for the next six months.
Armstrong predicted that by October 31st, Cardano (ADA) would have hit the $8.00 mark. At that point, he says investors will begin to take profits.