Observer Says Cardano (ADA) Will Accompany Bitcoin And Ethereum To Become 'The Big Three' Cryptocurrencies

JAKARTA – Cryptocurrency Cardano (ADA) is predicted to accompany two cryptocurrency giants, namely Bitcoin (BTC) and Ethereum (ETH). This opinion was conveyed by portfolio strategist from Morningstar, Amy Arnott.

Cited from CryptoGlobe, Amy Arnott believes Cardano can become one of the three biggest cryptocurrencies today. Arnott also mentioned that the Cardano cryptocurrency will become mainstream along with Bitcoin and Ethereum.

When interviewed by Business Insider, Arnott openly supports the cryptocurrency created by the co-founder of Ethereum, Charles Hoskinson. He mentioned that Cardano is an altcoin that has the potential to accompany BTC and ETH so that it can form 'The Big Three' as a cryptocurrency that becomes mainstream.

Because Cardano has similarities with Ethereum in terms of protocols that have many technical applications. A number of people are also quite enthusiastic about the technology developed in the Cardano network.

He revealed that institutional investors are “more willing to adopt cryptocurrency (Cardano) and view it as an investment asset”, Arnott also added that the cryptocurrency would be more prominent.

- https://voi.id/teknologi/54035/cardano-berpotensi-jadi-pesaing-ethereum

- https://voi.id/teknologi/56677/market-i-crash-i-para-investor-mulai-borong-cardano-xrp-dan-polkadot

- https://voi.id/teknologi/65090/ada-dan-doge-kini-lebih-populer-daripada-bitcoin-di-as

Cardano has released smart contract support. This allows developers to build new DeFi applications on top of the Cardano network. ADA has a network designed to be browser compatible with mobile phones. This project is currently under development.

This improvement makes it possible to operate the Plutus application backend in Javascript which is the most widely used programming language on the web, as reported by CryptoGlobe.

In June, Cardano blockchain developer Input Output Hong Kong (IOHK) released the Alonzo Blue 2.0 upgrade. With this increase, developers will be able to create Dapps or decentralized applications.

Alonzo itself is divided into three phases, namely blue, white, and purple. Reportedly the upgrade will be completed in 90 days. If the Alonzo upgrade is completed, the ERC20 token will be able to run on the Cardano network.

At the time this news was written, the price of ADA was at the level of IDR 18.410. Cardano occupies the fifth position based on its market capitalization of IDR 590 trillion. ADA is below BTC, ETH, USDT, and BNB as data report from CoinMarketCap.