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Cardano (ADA) Back in Top-10 of Shelley Progress Announcements

News
Sun, 05/31/2020 - 14:39
Vladislav Sopov
In three days, Cardano (ADA) has surged almost 50% and continues to rise. Analysts are sure that the rally is nowhere near its end, which doesn’t involve speculation.
Cardano (ADA) Back in Top-10 of Shelley Progress Announcements
Cover image via stock.adobe.com
Contents

Cardano (ADA) is the undisputed top performer among all crypto behemoths. Its price has surged 18.7% in the 24 hours and its market capitalization surpassed the $2.5B mark.

Welcome Back to The Top-10

During the Cardano (ADA) rally, the cryptocurrency surpassed Tezos (XTZ) in terms of market capitalization. Currently, ADA is ranked 10 caps list of the crypto market.

Cardano (ADA) back in top-10
Image by Coingecko

This achievement was celebrated by Charles Hoskinson, Founder of IOHK, the development and engineering company behind Cardano's blockchain progress. 

Cardano (ADA) leader Charles Hoskinson celebrates ADA revisits top-10
Image by Twitter

This price rally may be attributed to the optimistic announcements regarding the progress from the Shelley testing. Shelley is the next stage for the Cardano (ADA) platform development, which is associated as the ultimate level of decentralization.

Now Shelley is intensifying its testing within the F&F Testnet. Recently Mr. Hoskinson mocked all of the Cardano (ADA) skeptics who doubted the launch of smart contracts in 2020.

In his exclusive interview with U.Today, IOHK's Founder highlighted that with the Shelley mainnet launched, the platform will be unmatched 'from every dimension'.

Gavin Andresen May be Wrong About Altcoins

Top cryptocurrency analysts are sure that Cardano's brilliant price rally will continue. Seasoned trader Michael van de Poppe indicated that breaking above the next resistance level may bring ADA above its psychological level of $0.1.

CryptoMichael is very optimisic about ADA rally
Image via Twitter

It should be noted that Gavin Andresen, an original member of the Bitcoin Foundation, recently announced that he thinks that altcoin prices are driven only by speculations.

It looks like last week challenged these estimations. Apart from Cardano (ADA), IOTA (MIOTA) jumped 15% on the news of its Hornet node software update.

The price of Ethereum Classic (ETC) also went through the roof on the expectations of its Phoenix hardfork.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)