The crypto market is booming, and Cardano’s ADA is another coin that is taking advantage of the momentum and racing like crazy.
At the moment of writing this article, ADA is trading in the green, and the digital asset is priced at $0.170278. The coin is up by more than 13% in the past 24 hours.
Cardano to overtake Ethereum
Cardano is expected to overtake Ethereum from a tech point of view in 2021.
With the upcoming releases over the next 6 months, Cardano will completely overtake Ethereum technologically. It will be far more secure, scalable, decentralized, and energy efficient. Can’t wait to see the first projects ditch Ethereum for a real blockchain. $ADA
— Beastlorion (@Beastlyorion) November 22, 2020
Someone said: “What’s going to get devs to move to ADA? Not Haskell, that’s for sure.”
A follower posted this: “Haskell is the core language; however, to write SM, they will be able to use Java, Python and many more.”
One other follower posted: “Bought my large bag of ADA at $0.04..what’s it at now? Keep in mind Cardano is 3rd gen with a great road map that they have stuck pretty close to. Though there is always much to learn, ADA seems to be very well thought out, and execution is well underway.”
Main reasons for ADA price boost
Just the other day, we were addressing the main reasons for ADA price boost.
Here are the main reasons for the price rise according to the latest info coming from the Cardano community.
Why the massive $ADA gains? A few reasons:
– Money printer go brrrrr
– Institutional buy-in is here
– Goguen is coming
– Coinbase is coming
– Africa is coming
– #Cardano is THE BEST #blockchain tech
– Cardano’s monetary policy is sound
– There is even more that we don’t know
— Card₳no Dan (@CardanoDan) November 22, 2020
Stay tuned for more relevant news about the crypto space!