The main source of value for Bitcoin is its scarcity . The argument for Bitcoin’s value is similar to that of gold—a commodity that shares characteristics with the cryptocurrency. The cryptocurrency is limited to a quantity of 21 million. Bitcoin’s value is a function of this scarcity.
Read moreCan Cardano be the next Bitcoin?
Yes, it is Cardano. With a market capitalization of US$72 billion, ADA has outperformed both bitcoin and ethereum on the yearly growth average. Cardano’s price has gone up by 1000% in 2021 alone. Considered as a green coin, ADA is anticipated to take the next big dip before 2021 end .
Read moreCan ADA go as high as Bitcoin?
Cardano’s price target Also noteworthy, if ADA does indeed hit $25 by 2025, Cardano’s market cap would exceed $830 billion. Only Bitcoin has ever achieved a higher valuation. However, Cardano promises much more utility than Bitcoin, and it is certainly possible for ADA to hit that price target.
Read moreCan Cardano beat Bitcoin?
Cardano is objectively better than Bitcoin . And because I used the word ‘objectively’, it means I’m right. At a basic level, Cardano is Just Another Blockchain.
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