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BCH $634.61 (-0.0%)
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Crypto Analyst Says Cardano Will Hit $500B in Market Cap

Crypto Analyst Says Cardano Will Hit $500B in Market Cap
  • Crypto Capital Venture shares an opinion on his YouTube channel.
  • The video speaks of the possibility of Cardano hitting $500 billion in market cap.
  • He also believes that Ethereum is ‘broken’ and Cardano’s domination is inevitable

YouTuber and crypto trader — Crypto Capital Venture, shares his opinion on Cardano (ADA) and its future in the crypto space. Specifically, the analyst breaks down his opinion on the matter through a 12 minute YouTube video.

In detail, he says ADA will soon produce incredible results that will out-perform a solid vision. He adds that this vision’s execution is already underway and soon the network will dominate within the crypto space.

The video highlights that presently, 71% of ADA’s total supply is being staked. This, in particular, accounts for more than $31 billion worth of ADA. Moreover, the total number of these staked addresses has shot up by 11%. Thus, the analyst says that the Cardano network is growing rapidly.

Additionally, he says that most traders come in for gains. However, the Cardano community recognizes that the network is a fun project to be a part of, most ADA hodlers aim to build the crypto and its community.

Following, the analyst debates what may happen next. Will ADA 10x or will ETH 10x? He goes on to say that it is more realistic that ADA will 10x to around a $500 billion market cap. He believes that this is more likely to happen than an ETH 10x to almost $3 trillion in market cap.

Moreover, Crypto Capital Venture says he believes that the ETH network is ‘broken in many ways’. In contrast, the Cardano ecosystem is constantly changing the game. For instance, ADA’s skating mechanism has made a huge impact.

Furthermore, ADA is a decentralized stress-free process. More so, its new upgrades will bring smart contracts to the platform. This will ensure the fact that ADA will only be heading on the up-and-up.  

Finally, the analyst looks into where ADA is standing in the current bull market. On the chart, he marks an uptick. In comparison to ETH’s previous bull run, ADA has been mimicking ETH’s old patterns. So, based on historic data, ADA is likely to soar. Hence, his final opinion on the matter — Cardano will dominate.

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