Like Bitcoin, today’s biggest and most famous crypto assets are (Cryptography: BTC)keep playing against new players like Cardano (Cryptography: ADA)Or will they go down the path of dodo?
To address this question, let’s look at how and why these two coins will flourish over the next decade.
You’re probably already familiar with Bitcoin investment papers. It is an asset with a solid supply cap that is difficult for a particular set of actors to control or destroy. There are only 21 million Bitcoins in the circulation (currently around 19.8 million cycles). In other words, in theory, you need to maintain your purchasing power over Fiat currency. Furthermore, there is a structural basis for price increases as demand chases less and less supply as it becomes increasingly difficult to mine over time. In particular, there is no need to upgrade that blockchain for this process to occur.
The paper calls for assets to be continuously relevant for longer than we currently think of ten years. Over the past decade, the price of Bitcoin has risen by a heart-warming 41,640%, suggesting that there is actually real flesh in the bones.
Coins can quickly get a large catalyst. People all over the world already have it, but now many states and countries buy it to hold it as part of their asset mix. There is even a proposal in the US that it is the largest holding of a virtual national cryptocurrency repository. It probably represents the ultimate frontier of mainstream acceptance and adoption.
But it’s here. Bitcoin does not need to be included in the government’s balance sheet for the paper to continue to exist. It makes it a very persuasive asset.
The appeal of Cardano is very different from the appeal of Bitcoin.
Cardano was created to address many issues related to Ethereum, particularly its technical constraints. This caused Ethereum gas (users) fees to be high and trading times were too long. Cardano’s solutions are a development cycle that relies heavily on collaboration, consensus and peer review, bypassing Ethereum issues and providing a consistent framework for users and developers on the chain to work internally .
Therefore, Cardano’s investment papers are essentially more than ever over time, with better technical leadership and careful planning processes, overcoming Ethereum and other blockchains, overshadowing them and overcoming ecosystems. You can unlock the blockchain. If this turns out to be true, the blossoming set of distributed finance (DEFI) projects on that chain is a key sign along with many trading volumes. And as the ninth largest cryptocurrency by market capitalization, it’s not behind.
The story continues