A report from the analyst of eToro platform reported, Cardano Beated Bitcoin as the most holding crypto by users on their platform.
Bitcoin is the king of Cryptocurrency market and now one coin can go at top by trading volume. There are possibilities that a coin can have more Investment than Bitcoin.
Simon Peters, crypto market analyst at eToro platform, talked about Cardano’s success in the second quarter of 2021. Cardano is the most holding Cryptocurrency at their platform then Bitcoin. While Ethereum is at number third.
Simon said that it is because of the new clear road map of Cardano project and their upcoming Alonzo hard fork.
Alonzo harfork will enable developers and new projects to develop their own Crypto at Cardano chain and also many types of features that will be possible to implement in the Cardano chain.
Related: Input Output Hong Kong launched AlonzoBlue 2.0 On ADA testnet
And also experts believe, after the Alonzo hard fork, Cardano will be a biggest competitor of Ethereum like coin because new projects will move towards a better platform to integrate their services with Blockchain technology.
Also Simon believes that the Cardano team is really working on the needed features instead of going through marketing strategy.
As Cardano has potential, they don’t need to advertise and they are only doing their ground level work to utilize the Blockchain technology in perfect way through Cardano’s ecosystem.
According to reports, the total market worth of investment in ADA is US$42 billion ( as per price of $1.33), data taken from Coingecko.
It should be noticed, Demand of Bitcoin surged by 42% but it slipped because of the Cardano project. If Cardano will do their development work & improvement work day by day in the similar way then surely ADA will be the only coin after Bitcoin at every platform in future.
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