Although some Bitcoin maximalists like Max Keiser are still pessimistic about the performance of altcoins, certain alternative cryptocurrencies are making strides; amongst them are Cardano, Ethereum, and Dogecoin, among others.
The last few days have been scintillating for Cardano and its investors as ADA continues to ride on the upside trend of the market with over 86% added value in the last 7 days. At present, ADA has crossed the $0.6 resistance level.
The brilliant performance and use case Cardano blockchain has been showcasing have made many compare it to Ethereum, rating it a better technology.
A cryptocurrency investor, influencer and advisor, by the name Elon Trade on Twitter, has said to his over 19K followers that Cardano would soon overtake Ethereum on the market table. The investor went further to explain why he thinks this would happen, charging other crypto users who think otherwise to refute him.
He explained that with the huge amount Ethereum smart contract is charging per transaction, Cardano ADA has a good potential of overtaking it on the market table.
Elon Trade said Ethereum, a top-class smart contract blockchain platform, charges $100 per transaction. He furthered that as time goes by, with the expansion of DeFi projects, the smart contract platform would get “more congested and expensive.”
Charging people to disprove, Elon said why won’t such a platform be dethroned in the next 1 to 3 years. I think Cardano ADA is in the best position to topple Ethereum if this were to happen, he said.
If someone wants to argue why the top current smart contract platform that charges $100 per transaction, which will only become more congested and expensive as DeFi expands, won’t get dethroned in the next 1-3 years, I’m all ears.
I just think $ADA has the best shot. Relax ppl.
— ElonTrades (@ElonTrades) February 6, 2021
“Expect Relentless Bile and Slander from the Ether Maximalists” – Charles Hoskinson
The founder of Cardano blockchain technology, Charles Hoskinson, has said the current performance of ADA cryptocurrency would no attract a number of defamations from lovers of Ethereum.
Hoskinson who is also the co-founder of Ethereum said this in response to a slander issued by an Ethereum lover.
Referring to Cardano, Ethereum lover James in a statement said why would one invest in a centralized void project invented by a man fired by Vitalik Buterin, the co-founder of Ethereum and Bitcoin Magazine.
James said Hoskinson was fired by Vitalik after the former attempted to turn Ethereum into a centralized blockchain like Hyperledger.
You mean the empty centralized blockchain founded by the guy who was fired by Vitalik for trying to turn Ethereum into a centralized corporate blockchain like Hyperledger so he could become CEO and later tried to pull a coup with Ethereum Classic?
— James Spediacci ⟠ (@JamesSpediacci) February 7, 2021
Urging lovers and the team behind Cardano to ignore negative statements like this and keep on developing, Hoskinson said the current performance of ADA would attract “relentless bile and slander from the ether maximalists.”
Now that we are surging, expect relentless bile and slander from the ether maximalists. Heads down, keep building, and ignore them. We got a world to restore and there are bigger monsters to slay. https://t.co/rrffq6siiX
— Charles Hoskinson (@IOHK_Charles) February 7, 2021