Experienced Analyst: This Altcoin Will Overthrow Ethereum!

A veteran crypto analyst has shared more details about an altcoin he expects to dethrone Ethereum (ETH) in the long run.

Popular analyst claimed when Ethereum will be in 3rd place

Comparisons like Cardano and Ethereum have become routine for leaderboards. It is one of the well-known PoS Blockchains in Cardano, similar to Ethereum, which is preparing for the transition to Ethereum 2.0 with the rise of Merge. As a result, it is natural to compare which project might be more successful in the future. More broadly, Ethereum is quickly lagging behind Bitcoin (BTC) at the top of the ladder. As measured by market cap, Cardano (ADA) currently ranks eighth.

Ben Armstrong, chairman says altcoin project will change on this date

The top 20 rankings have undergone significant changes in recent years due to new players and the failure of some projects. Tether (USDT) and USDC rank third and fourth respectively, increasing the popularity of stablecoins. In this context, crypto analyst Ben Armstrong thinks Cardano will gain valuable volume in 6-10 years. According to the analyst, Ethereum (ETH) will lose its market share and user base to Cardano (ADA):

I firmly believe that Cardano will at some point surpass Ethereum in terms of market value and users. Ironically, the slow roadmap for full ETH 2.0 will be the Achilles’ Heel, though not anytime soon. Time range: 6 to 10 years .

Ethereum’s market cap is currently $157 billion. Cardano is worth $12.58 billion. By comparison, ETH’s market cap is currently 13 times greater than ADA.

Cardano (ADA) sees trade in a decisive price range

During the current bear market cycle, one of the most volatile cryptocurrencies was ADA. The crypto market’s recent efforts have also been raging with back-to-back failures in the macro scene. The current state of the global economy causes many negative pressures on the market. In the middle, crypto analysts like Michael van de Poppe are predicting a price increase for Cardano. He argued that the current price represents a very solid opportunity for investors to stay on the ADA for a long time.

Analysts, on the other hand, believe that ETH should reach a very valuable foothold in the $1,450 range. Koindeks.comRenowned crypto analyst Rekt Capital, who you follow from Rekt Capital, claimed in a tweet on Oct. 14 that reinforcing $1,450 would only confirm a bullish rally for Ethereum.

Ethereum experienced a 10% rebound after the September CPI announcement, rising from $1,209 to $1,339. The recovery in exchanges and Bitcoin price resulted in a rebound in the broader crypto market. ETH price also rose and it is currently trading above $1,300.

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