Cardano ADA Will Destroy Ethereum ETH In 90 Days! (Here’s Why)
First, let’s take a brief detour and discuss Elon Musk’s participation in the recent Cryptocurrency market crash. Elon Musk revealed in an interview that his company, Tesla, will no longer accept Bitcoin as a form of payment. This was owing to his concerns about Bitcoin’s energy use. Bitcoin’s yearly energy use is comparable to the Netherlands’ annual energy usage, and Elon Musk believes it is extremely damaging to the environment. As a result of his comments regarding Bitcoin, the cryptocurrency market crashed and suffered a $300 billion loss. But here’s an interesting fact: when all of the major cryptocurrencies crashed, the only one that survived was Cardano, which managed to stay afloat by 8 percent.
Cardano is a well-known cryptocurrency that has a long history. By market capitalization, its ADA currency is among the top 10 most valuable cryptocurrencies. It has constantly ranked in the top 10 since its start in 2015. After Bitcoin, Ethereum, Binance Coin, XRP, and Tether, it is now placed sixth. On the other hand, the environment is constantly changing, and it was only a few weeks ago that.
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