Drill Down Into the Price Movement of Cardano for Smarter Trades

Drill Down Into the Price Movement of Cardano for Smarter Trades

Cardano (CCC:ADA-USD) has been called the “Ethereum killer.” But what’s that mean for tomorrow’s investors? Let’s look at the blockchain technology and its ADA coin, then offer a risk-adjusted determination aligned with those findings.

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Ethereum (CCC:ETH-USD) is the second largest blockchain by valuation behind Bitcoin (CCC:BTC-USD) with a capitalization of nearly $250 billion. That puts roughly 95% of the S&P 500’s large-cap stock constituents to shame. And while it might be in second place by some measures, it’s the crypto market’s top dog in other meaningful ways.