Gert van Lagen (@GertvanLagen), one of the popular analysts recently, suggested that Cardano (ADA) could be one of the most attractive options for investors in the current bull market, increasing the interest in this crypto asset. When evaluating Cardano’s potential, he specifically addressed critical factors such as decentralization, network stability and scalability, and noted that it differentiates itself from competitors such as Ethereum (ETH) and Solana (SOL) in these areas. stated.
According to Van Lagen’s analysis, Cardano’s emphasis on decentralization can create a solid foundation in the long term. Decentralization is a critical factor in the reliability and durability of a blockchain network, and Cardano is considered to be a strong performer in this area. Van Lagen positions Cardano as a champion of decentralization, a fundamental principle of blockchain technology.
He argues that compared to Ethereum and Solana, which have centralized support from organizations like Gemini, Cardano stands alone in its commitment to a truly decentralized network.
- Stability and Reliability
Network stability is a key factor in the robustness and reliability of a blockchain network. Cardano’s strengths in this area can support the long-term success of your platform.
Van Lagen compared Solana’s history of “occasional unexplained network outages” to Cardano’s robust infrastructure. Solana’s latest outage also drew some criticism from Cardano’s creator, Charles Hoskinson.
- EUTXO: Scalability Could Be a Game Changer
Van Lagen believes Cardano’s EUTXO model holds tremendous potential in terms of scalability and efficiency. He advocates focusing on Transactions Per Transaction (TPT) rather than the more frequently mentioned Transactions Per Second (TPS).
This proposed change in perspective increases the ability of the EUTXO model to perform multiple operations in a single operation, increasing the overall throughput.
- Technical Analysis Strengthens Bullish Sentiment
Towards the end of last month, Van Lagen also shared technical indicators that supported his bullish outlook for Cardano (ADA). He drew attention to basic models such as the breaking of the recent downward trend and the formation of an upward double bottom formation. These indicate significant upside potential. Although he did not set a specific price target based on technical analysis, this analysis strengthens bullish sentiment for the altcoin.
While only time will tell whether ADA will fulfill its potential as a bull market leader, its unique technical foundation and adherence to fundamental blockchain principles position it as a strong contender in the 2024 bull run. We will see together whether the popular altcoin will meet expectations.
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