Bitcoin’s complex and competitive mining process means participants must spend more on computing power and energy to mine the cryptocurrency. In comparison, Cardano is often more affordable for miners , despite Cardano being worth less money. The massive demand for Bitcoin makes it take longer for transactions to work.
Read moreCan ADA be the next Bitcoin?
Although the price continues to dip even further, experts predict that ADA could be the next big thing in the market . According to a DigitalCoin prediction, ADA could touch US$4.8 by the end of 2022 and US$11.88 by the end of 2025.
Read moreDoes Cardano have a future?
As crypto markets grow, Cardano will follow . Being one of the largest coins on the market, with a $31 billion market cap, it will be highly reactive to market price moves. As the world moves towards a decentralised future, the crypto market will likely grow, which is good news for Cardano long term.
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