Known as the Ethereum killer in the crypto world Cardano (ADA), wants to consolidate its power in the world of crypto money in 2022. According to Cardano plans, smart contracts owned by the network will have priority to offer higher functionality than smart contracts on the Ethereum network.
According to experts, Cardano has taken and developed the second generation infrastructure of Ethereum. Analysts, on the other hand, have a bullish outlook on Cardano and predict a rally in altcoin price.
Cardano has already released its “expansion” plans for 2022. Cardano is expected to change Silicon Valley’s perception of cryptocurrency. Cardano’s expansion plans could increase the token’s price, increasing its effectiveness on the chain.
Experts believe the Ethereum killer could recover in 2022
Cardano networks founder Charles Hoskinson highlighted the altcoin’s rapid growth in a recent YouTube video. This fueled a bullish story for the altcoin price. Hoskinson noted:
“We live in a world where arbitrary groups of people are affirmative and decide what is legitimate.”
The Ethereum network works for key upgrade or “merging”, the transition from Proof-of-Work to Proof-of-Stake. ETH2.0The journey is key for altcoin investors and holders. Ethereum killers like Cardano continue to compete with ETH as they offer faster and cheaper transactions on their networks.
Experts believe that Cardano has taken and upgraded Ethereum’s second-generation infrastructure. The improvements make Cardano more efficient and viable for smart contracts.
A crypto analyst known by the alias @GertvanLagen has evaluated the Cardano price. The analyst believes Cardano is below an important support zone.
2/2 $ADA / $BTC [1W] | Price is currently at:
+ bottom of key support zone (0.618 of bear market high to low);
+ lower trendline of rising channel;
+ bottom of III-IV correction of macro bullcycle impulse. pic.twitter.com/Cz3YmAkjEw— Gert van Lagen (@GertvanLagen) December 30, 2021
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.