Experts believe Cardano will displace Ethereum as the second-largest crypto as ADA prepares for 400% breakout

  • Analysts state that a gain of four times the current price and market capitalization would bring Cardano neck and neck with Ethereum. 
  • Crypto Twitter is abuzz with the possibility of Cardano flipping Ethereum to become the second-largest cryptocurrency.
  • A cryptocurrency analyst and entrepreneur, Tai Zen, states that the time taken by Cardano for going from $5 to $10 will be shorter than the time taken to go to $5. 

Ahead of the Alonzo hard fork and the launch of smart contract functionality on Cardano, the altcoin’s market capitalization has increased to $92.4 billion. It has replaced BNB as the third-largest cryptocurrency. 

Cardano expected to flip Ethereum with 4x rally

Cardano’s market capitalization has increased by over 187% in nearly 30 days. Analysts expect the proof-of-stake blockchain network to surpass Ethereum’s market cap if ADA continues rallying consistently. Independent analyst and YouTube content creator Lark Davis has set a realistic price target of 4x for ADA. 

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