Daily Crypto News

Analyst Predicts When Cardano’s Market Cap Will Surpass Ethereum – Here’s The Timeline

This year, Cardano’s Vasil Hard Fork upgrade and Ethereum’s Merge event have been an emerging transition for the entire crypto space. Investors got more attracted to the market due to these most anticipated events.

While the crypto winter is trying to fade away this hype, several cryptocurrencies have maintained their legacy to be in the top positions, where altcoins like Cardano climbed a long way to be a tough competitor to Ethereum in terms of market capitalization.  

Cardano Vs. Ethereum: Start Of A New Era

Cardano Vs. Ethereum is an edge-to-edge fight as both works on the proof-of-stake (PoS) consensus mechanism. However, Ethereum is currently sitting at the top of its league after Bitcoin. Still, Cardano is not far behind as it is silently getting an inch closer and has already made itself into the top eight in terms of market capitalization. 

The past few years have seen a significant change in the list of top 20 cryptocurrencies, where some new crypto projects have replaced the previous ones. The exponential growth of stablecoins like USDT or USDC has completely changed the crypto landscape throughout the years. It is anticipated that the list will drastically change in the near future following ongoing developments in crypto projects.

According to a popular crypto influencer, Ben Armstrong, Cardano is projected to surpass Ethereum in terms of market capitalization in the next six to ten years based on the market’s current favorability and crypto’s adoption.

Elaborating on this, Ben said, “I officially now believe that Cardano will eventually pass Ethereum in market cap and users. It won’t be soon, but ironically, the slow roadmap for full ETH 2.0 rollout will be the Achilles Heel. Timeline: 6-10 years.”

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