Amid High ETH Gas Fees, Will Cardano Replace Ethereum? By CoinQuora

Amid High ETH Gas Fees, Will Cardano Replace Ethereum?

  • price has surged drastically recently.
  • Consequently, the ETH price spike has significantly taken its gas fees higher.
  • is about to launch Mary protocol.
  • The upgrade will let Cardano become a competitor of Ethereum.

Ethereum gas fees are at their highs. Moreover, ETH price has increased drastically since last year. This said, a number of competitors, including Cardano, are already looking to dethrone Ethereum.

The upward surge in the Ethereum price is seen to be a key factor that has influenced the ETH gas fees. Also, Ethereum has enjoyed a lot more advantages from the DeFi market. This is because a lot of DeFi projects are mainly created via the Ethereum network. Specifically, the DeFi market is seen to have played a major role in the Ethereum price spike.

Consequently, despite Ethereum’s price spike, Cardano (ADA) has also shown great potential this week. Due to its current performance, ADA now sits as the third-largest digital coin in the crypto market.

Cardano’s price has surged to almost over 2,000% a year today. Just last month, its price surged overwhelmingly to about 300% in addition.Furthermore, Cardano is set to launch its new protocol called Mary today, March 1. The platform upgrade will strengthen Cardano’s network performance against its competitors. Also, the upcoming protocol will let Cardano become a competitor of Ethereum. According to CoinGecko, Cardano’s (ADA) price is $1.28 with a 24h volume of $12,992 at the time of writing.

This article first published on CoinQuora -Latest Cryptocurrency and Blockchain News.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

empty message

empty message

empty message

empty message

empty message