ADA, the native token of the Cardano blockchain, is one of the most prominent altcoins in the crypto market. It has been at the top of people’s lists for quite some time and even had a good year (2021) in terms of price movement.
Here is a graph by CoinMarketCap that shows the price movement noted for ADA tracing back a year.
According to recent reports, it may now be possible that ADA outperforms both ETH and crypto king. However, this has only been speculated after a Twitter poll posted by Vitalik Buterin, creator of Ethereum.
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Twitter Poll Results and Details
Cardano’s native token, ADA, was founded by Charles Hoskinson, who is also the co-founder of Ethereum. Since its creation, the altcoin has been a part of an ongoing debate according to which it is likely to outperform the most popular altcoin, Ethereum.
The “Ethereum killer” debate focuses on identifying the possible altcoins that have or may have the potential to outperform Ethereum. As mentioned above, ADA has been one of the candidates believed to dethrone the popular altcoin.
The recent Twitter poll posted by Buterin solidified the belief of many crypto enthusiasts that ADA will soon surpass Ethereum.
The poll was created by Vitalik Buterin with a hypothetical situation.
As can be seen in the tweet above, 45% of the people (out of more than 600,000 respondents) opted for ADA even though the flagship crypto asset, Bitcoin, was one of the available options.
This has led many to believe that ADA is somewhat more significant or valuable than Bitcoin and can even compete with Ethereum.
Over the last 24 hours, Ethereum has seen a 1.89% drop in its price. Whereas, the “Ethereum killer” ADA has seen a price increase of 10.50% in the same timeframe.
What Should Crypto Investors and Traders Know?
Bitcoin, Ethereum and Cardano are all prominent digital assets in the world. Even though Bitcoin is the flagship crypto asset, Ethereum and Cardano do steal some of the spotlight.
Every prominent cryptocurrency has an undeniable significance and value. The digital asset that is chosen by the investors or traders is completely a matter of their personal preference. However, it is important for beginners to know that they should always look for the best place to buy crypto, regardless of the crypto asset they choose.
Therefore, whether you are looking to trade Bitcoin, Ethereum or Cardano, make sure that you choose a suitable platform from the crypto exchange list.
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