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Cardano (ADA) May Fade into Obscurity Like EOS, Top Trader Claims

Kingofmetaverse by Kingofmetaverse
October 19, 2022
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Cardano (ADA) May Fade into Obscurity Like EOS, Top Trader Claims
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Alex Dovbnya

Cardano and Solana might see destiny of EOS, in line with widespread cryptocurrency dealer and analyst

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In a recent tweet, pseudonymous cryptocurrency dealer DonAlt opined that Cardano (ADA) will possible see the identical destiny as such has-beens as EOS, Litecoin (LTC) and Bitcoin Money (BCH).

EOS and Litecoin are among the many altcoins that after loved vital reputation however failed to realize any traction through the earlier bull run.

Litecoin, one of many oldest altcoins, has seen only a few builders lately, and its anemic value motion continues to replicate that. As soon as a fixture within the high 10, “the silver to Bitcoin’s gold” is now struggling to carry onto its twentieth place on CoinMarketCap.

EOS, which was pitched as “Ethereum on steroids” and loved super success in early 2018 following a record-shattering $4 billion preliminary coin providing, ended up going through an exodus of high-profile builders and regularly turned irrelevant. The cryptocurrency is down a whopping 95.45% from its file excessive.

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Bitcoin Money, probably the most profitable Bitcoin fork that was one of many greatest cryptocurrencies by market capitalization, pale into obscurity after the newest bull market cycle. It’s at present valued at a modest $2 billion, which makes it the thirty first greatest cryptocurrency. In early January, Ethereum co-founder Vitalik Buterin admitted BCH was “a failure.”

DonAlt now believes that the brand new crop of “Ethereum killers” will fail to realize new highs through the subsequent bullish cycle.

On the similar time, controversial cryptocurrency YouTuber Ben Armstrong lately predicted that Cardano would end up surpassing Bitcoin.





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Tags: ADACardanoClaimsEOSFadeObscurityTopTrader
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