- Ben Armstrong shared how he believes ADA will eventually surpass ETH.
- Both altcoins have seen their prices rise over the last 24 hours.
- ETH still has a comfortable lead over ADA in terms of market cap.
In a Twitter post made over this past weekend, the crypto Youtuber, Ben Armstrong (@Bitboy_Crypto), shared how he believes that Cardano (ADA) will eventually surpass Ethereum (ETH) in terms of market cap.
The caption for the post read “I officially now believe that Cardano will eventually pass Ethereum in market cap and users. It won’t be soon, but ironically, the slow roadmap for full ETH 2.0 rollout will be the Achilles Heel. Timeline: 6-10 years.”
This comes after both the ETH chain and ADA chain underwent significant upgrades to improve their respective transaction processing capabilities. In ETH’s case, the major upgrade made to the chain was the shift from a proof of work consensus to a proof of stake consensus mechanism, which was done to reduce ETH’s negative impact on the environment.
As the week kicks off, both ADA and ETH have seen their prices increase over the last 24 hours according to CoinMarketCap. At press time, ETH is trading at $1,307.00 following a 1.76% rise in price. ADA is trading at $0.3681 after a 0.44% increase in price.
In terms of market cap, ETH still has a comfortable lead over ADA at the moment as its market cap stands at $159,799,476,829, and ADA’s market cap is at $12,622,434,908.
The price of ETH has risen above the 9 Exponential Moving Average (EMA) line over the last 2 days, and is now attempting to challenge the longer 20 EMA line. Should the altcoin’s price successfully break past the level, ETH could enter into a bull cycle.
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