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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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
