Cardano (ADA) which is among the top 10 cryptocurrencies that has been the favorite of many analysts from Tyler Swope to Capo recently, attracts more and more investors and whales. At the time of writing, with the cryptocurrency market at $1.4 trillion, ADA is in sixth place with a market cap of $45 billion.
Analysts point to the end of 2021 for the successful altcoin, which has gained over 1.2% in the last 24 hours, and they think that a large number of investors will buy ADA in the coming months.
Might it place second in the rank?
With a valuation of $254 billion and a value of $45 billion against Ethereum – ETH, which has almost always maintained its second place, it is possible for Cardano to become the second largest cryptocurrency.
Analysts think that this process may be difficult for Cardano, which they have announced that it will even surpass Ethereum, but it can happen even before this year ends. Although Bitcoin, the leading cryptocurrency, still maintains its place in the first place, the developments in the last few months have shown that there can be innovations in the market at any moment.
Ripple’s XRP, which has been in the third place and sometimes the second place for many years, came out of the top 6 after the news of the lawsuits from the USA. While Dogecoin – DOGE – enters the top 5, all these developments are considered ‘early signs’ that no crypto currency will have the success of keeping its place on the list permanently. When it comes to Bitcoin, the situation gets a little more ambiguous.
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