Cardano currently ranks third in cryptocurrency market cap, just behind Bitcoin. Bitcoin’s market capitalization is more than $927 Billion, while Ethereum’s market capitalization is around $399 Billion. Cardano’s market cap is $70 billion. While it’s a far cry from overtaking the crypto king (BTC), the steady and quiet growth of ADA could be a threat to Ethereum’s position.

Crypto investors have been wondering if ADA will be the Ethereum killer or takeover as number two cryptocurrency. Despite the large price difference and high market cap between ADA and ETH, there are several reasons to believe this possibility.

The ADA Benefit

It was built using blockchain, such as Bitcoin and most cryptocurrencies. Charles Hoskinson, a cofounder of Ethereum in 2013, founded it. Crypto professionals describe Ethereum as an environmentally-friendly cryptocurrency.

It’s the 3rd of the only top 6 eco-friendly cryptocurrencies and Ethereum and Bitcoin are not on the list. Ethereum and Bitcoin together use around 180-terawatts per year. Ethereum alone consumes around 20-25-terawatt hours annually. Cardano however, consumes just 6 gigawatt hours each year.

One terawatt equals 1,000 gigawatts. Ethereum is far more efficient than Cardano in terms of energy consumption. It’s only natural that people will want to use a cryptocurrency like Cardano that requires less energy.

Cardano is able to process far more transactions than Bitcoin, Ethereum and other cryptocurrency despite its low energy consumption. Bitcoin handles 5 transactions per second, while Ethereum handles 15 transactions per second. That’s a combined 20 transactions per second – the scalability problem. Cardano processes 257 transactions per second.

This is because Cardano doesn’t use a multitude of nodes to verify transactions. Cardano uses a proof system of stake to reduce the number of required devices for verifying transactions. It is the main reason for the low energy consumption.

To The Flipside

• Cardano, currently third largest cryptocurrency in the world, has seen a steady decline in market capital and value over the past 3 weeks.
• Cardano is being surpassed by other cryptocurrencies like and and may be overtaken soon.

Cardano will overtake Ethereum

Cardano recently had a software upgrade and the community is looking at a bigger upgrade – The Alonzo Hard Fork. The upgrade is designed to make Cardano more attractive against Ethereum. The upgrade includes smart contracts being added to Cardano.

Smart contracts are the core technology of Ethereum and their greatest strength. Mid-September is when the Alonzo Hard fork will take place. It will happen. The question on the lips of crypto enthusiasts is if it’ll succeed in overtaking Ethereum.

Looking at the market cap and price, it’s less likely for ADA to overtake or be the ETH killer. The difference between the market cap of ETH and ADA is around $330 billion and that’s a whole lot. Cardano’s market cap is closer to the 100th ranked cryptocurrency than it is to Ethereum.

It is well-known that cryptocurrencies have volatile prices. According to reports, ADA has increased more than 1,400% over the last year while ETH’s price is increasing by 330%. Despite this, the price for ADA is still far less than the price for ETH. One ADA has a value of just over $2, while one ETH has a value greater than $3,000. TradingBeasts expects that ADA’s price will rise slowly over the coming months. The market can be unpredictable so predictions of cryptocurrency’s price are sometimes inaccurate. ADA may or may not continue its ‘unreal’ gains in the long run.

The ADA Challenge

ETH will be the main obstacle to ADA taking over ETH. ETH, on the other hand, is taking steps to improve its market capital and strengthen its regulatory framework. As mentioned previously, ADA intends to incorporate smart contracts. Ethereum intends to incorporate the Proof of Stake model, which ADA utilizes.

It is anticipated that this will happen in the latter half of 2021 and early 2022. A ADA’s environmental friendliness is one reason for its adoption. ADA could lose that edge if ETH integrates POS. ETH can conduct transactions faster than ADA and consume less energy.

ADA lacks smart contract functionality, which means that it has fewer uses than ETH. This affects its adoption. Developers are working on smart contracts functionality. It may be a turning point for top cryptocurrency developers and investors. Notably, it’ll allow decentralized finance apps to run on ADA.

The number of cryptocurrency users is the final factor that determines its price. This is where popularity plays an important role. ETH was first launched in 2017, while ADA was created in 2017. ETH is more widely used than ADA. ETH is more popular than ADA, so long as that continues. It’s early to dictate the future of ADA and if it’ll overtake ETH. At the moment and following predictions, it’s highly unlikely.

Why you should care

No matter whether You have any stake in Cardano, it’s important to closely monitor this eco-friendly coin and its place on the market. ADA is the third most popular cryptocurrency worldwide, despite its short history.

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