As Cardano unveils plans for expansion, it could rival Ethereum in 2022. Silicon Valley might perceive cryptocurrency differently after Cardano’s move. In addition to raising the token’s price, Cardano’s expansion plans could increase the token’s activity on-chain.
Experts believe the Ethereum-killer could rally in 2022
In a recent YouTube video, Cardano founder Charles Hoskinson highlighted how quickly Cardano is growing. As a result, the altcoin has seen its price soar.
We live in a world where arbitrary groups of people get to be fact-checkers and decide what’s legitimate.Charles Hoskinson
The Ethereum network is working towards the key upgrade, or the “merge,” the transition from Proof-of-work to Proof-of-stake. The journey to ETH2.0 is key to investors and holders of the altcoin. Ethereum-killers like Cardano continue to compete with ETH as they offer faster and cheaper transactions on their network.
Experts believe that Cardano has taken Ethereum’s second-generation infrastructure and upgraded it making it more efficient and viable for smart contracts.
@GertvanLagen, a crypto analyst has evaluated Cardano price. The analyst believes that Cardano is at the bottom of a key support zone.
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