eToro Crypto Study Says Cardano (ADA) Blockchain is Most Promising Project
Cardano Rises As One of the Most Promising Projects In the Industry, According to eToro
Cardano is presently one of the leading companies in the cryptocurrency world, which is supported by a recent study created by the eToro trading platform. Even though the company is still young, eToro has said that Cardano is “one of the most promising blockchain projects we’ve ever seen.”
The study was created by the senior market analyst at eToro – Mati Greenspan – and it revealed that the scalability of Cardano exceeds that of other platforms, even Bitcoin and Ethereum. In their summary, they say that Cardano:
“is developing a smart contract platform and leading the charge in what some are calling ‘Blockchain 3.0.’ With a more scalable and flexible network than some of the older projects like Bitcoin and Ethereum. Even though Cardano is still in its early stages, the complexity of the technology and the pace at which it is progressing is extremely impressive.”
Cardano claims to be the first one to offer these types of protocols, though the algorithm has been developed in a way that other crypto assets can easily adopt it. In fact, with the right kind of launch, it may work as the new standard that the digital world follows with their currency. Cardano has been extremely proactive, seeking out opportunities with other countries to promote a wider range of use for blockchain technology. One of their most recent collaborations is with Z/Yen, helping to learn about the expansive range of distributed ledger technology.
With all of the advancements and innovations that Cardano is involving itself in, it should come as no surprise that there are some projects that have migrated away from Ethereum and moved to Cardano. Their platform has enabled the other projects to spend less time and money on their transactions.
Since Cardano is still fairly young, Greenspan says that it is difficult to analyze the platform without knowing how far it can go. Right now, Cardano is ranked #8 in the most important virtual currencies right now and is valued at $4.78 Billion. However, the tokens are still extremely affordable at $0.18 each.