Cardano May Overtake Bitcoin In Terms Of Capital Gains

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The upcoming merge of the Ethereum network is the hottest topic in the crypto community. Many experts are making predictions ranging from plausible to completely fantastical. However, even some of the bravest forecasts have some substance behind them. For example, some say that the merge will be followed by a hard fork initiated by a group of influential capital holders who do not like the idea of moving to the PoS consensus mechanism.

A couple of technical analysts pitched in with their predictions. One prominent expert says that the ETH token may fall to $400 in the worst-case scenario. On the other hand, there are predictions that prices will skyrocket right after the merge.

Regardless of what people say, we can say that only uncertainty is certain. Users of the ETH network anticipate many improvements to the network while investors gauge whether they should stick around and continue investing in a completely new network that will have a drastically different consensus protocol. The uncertainty creates risks that many try to hedge against.

Cardano (ADA) is making a strategic move to the Vasil hard fork that is scheduled for roughly the same period as the Ethereum merge. While the delay is caused by a bug in a new upgrade, many believe that it is intentional and the fork is placed strategically to take away users of Ethereum by increasing scalability and efficiency during the time of chaos after the ETH merge.

Some people started hedging against ETH by investing in Cardano. If the ETH token starts tanking due to the network’s switch to the PoS mechanism not satisfying users, Cardano might see a massive 50% boost in price, according to some popular influencers in the crypto community. ADA is already gaining up to 1.5% per day and shows really good numbers as the Vasil fork approaches.

It is absolutely possible and even likely that Cardano will be able to gain more value (comparatively) than Bitcoin and create incredible opportunities for profit-making for those who will invest in it to hedge against the merge. However, if ETH skyrockets, ADA may very well quickly lose all its attractiveness.


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