Ben Armstrong, known for his controversial statements, or BitBoy, as he is known, cardanoHe created controversy on Twitter, predicting that .
BitBoy’s discourse is, of course, full of contradictions and a bit of ‘interesting’ statements. According to the analyst’s discourse, if we interpret this approach as ‘realistic’, this situation can be completed in about six years.
Shortly after its launch, “Japanese EthereumKnown as “Cardano”, it currently has a market capitalization of $12.5 billion. While quite impressive, this represents a very low value compared to Ethereum’s $156 billion valuation. At its peak, Ethereum was worth half a trillion dollars.
BitBoy’s prediction was supported by the optimistic views in the Cardano community. According to some members of the community, this long-term transformation and transition is indeed possible.
This prediction of BitBoy, which is a bit infamous, was found ‘ridiculous’ by some names.
Nansen’s Alex Svanevik ridiculed the guess, commenting that “Intellectuals continue to embrace Cardano.”
Koinfinans.com As we reported, David Schwartz, chief technology officer of blockchain company Ripple, weighed in on the legal dispute between YouTuber Ben Armstrong (BitBoy) and crypto commentator Erling Mengshoel (Atozy).
Cardano’s native token, ADA, significantly underperformed Ethereum, down more than 25%.
ADA remains at risk of another 30% downtrend after forming a bearish pattern. The token capitalized on the hype surrounding the Vasil hard fork last month, but is now struggling to regain strength.
You can follow the current price action here.
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.