Can Cardano Become The Third Biggest Crypto After Ethereum And Bitcoin? By DailyCoin – Investing.com

Can Cardano Become The Third Biggest Crypto After Ethereum And Bitcoin? By DailyCoin – Investing.com

Blockchain projects are driven by community belief, similar to a coin’s price action which, according to billionaire investor Mark Cuban, is based on a “supply and demand” dynamic. While Ethereum has established itself as a leader in the blockchain space, given its first-mover advantage as it leveraged off ICO launchpads, NFTs, and DeFi, other ecosystems show similar promise in the eyes of the believers. Founded by Charles Hoskinson, Cardano’s scientific and academic approach to building a decentralized network has brought invigorated hope to new investors.

An Academic Blockchain

Developed through peer-reviewed research papers and established by one of Ethereum’s co-founders, Cardano is a high-assurance blockchain. Driven by technical support from IOHK, Cardano’s development arm, the blockchain is set to compete with Ethereum in terms of capabilities.