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Watch Out Ethereum, Cardano is Coming For You

Watch Out Ethereum, Cardano is Coming For You
Recent data suggests that the Cardano network could grow quicker than Ethereum and soon shift the power balance in the crypto economy.



Despite being less public than its peers, the network’s innovative reputation has especially grown since its Hydra upgrade



Cardano is Gaining Momentum



Cardano’s struggles to carve a market niche are over. The network’s developer activity now ranks third, seven positions ahead of Ethereum.



Santiment Network Developer Activity | Source: Santiment



The latter enjoyed higher developer activity during last year’s Merge event.



Everything you need to know about the Ethereum Merge






However, developer productivity will likely improve on Charles Hoskinson’s blockchain after the recent launch of smart contracts for Cardano.



dApp Activity on Cardano | Source: dApps on Cardano



The network is also well-positioned to attract new users, given Bitcoin’s congestion problem.



The total locked value of ADA coins on the network is increasing exponentially , fueling speculation it could soon experience a boom in popularity.



Hoskinson’s Blockchain Still Needs Work to Gain Mainstream Acceptance



However, despite the recent flurry of developer activity, the network is still one step behind Vitalik Buterin’s Ethereum.



Ethereum’s popularity is well-documented, and it has gained a reputation outside the crypto industry.



Recent statements by Roger Ver, alias Bitcoin Jesus, predict Ethereum could soon onboard enough new users to challenge Bitcoin’s dominance as a store of value.



Time will tell whether Cardano will leapfrog Ethereum by solving the Ethereum network’s congestion problem.



The moral of the story: success is a ladder that Cardano cannot climb with its hands behind its back.



For Be[In]Crypto’s latest  Bitcoin  (BTC) analysis,  click here .
The post Watch Out Ethereum, Cardano is Coming For You appeared first on BeInCrypto .

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