Crypto Price Prediction: Cardano (ADA) might edge pass to Stellar (XLM) and Litecoin (LTC)

Cardano is currently the at the most valued cryptocurrency. When you look at stellar, it is the 7th most valued cryptocurrency. Also, Litecoin is the 6th the most valued cryptocurrency. If you look at the difference between stellar in Cardano, it is just $ 135 million. Similarly, if you look at the difference between Cardano in Litecoin, it is around $ 1.64 billion. Even though the difference between Cardano in Litecoin is immense but when you look at the difference between Cardano as well as stellar, it is on the lower side. This is the reason why it can easily increase to the 7th spot.

How can Cardano go past stellar?

In the recent past, stellar is not able to get newer opportunities or tie-ups. This is the reason why the momentum is stalling as well. As a result, stellar is not been increasing in market cap on a consistent basis.

This is the reason why any positive announcement in Cardano can easily move it about stellar quite easily.

Can Cardano movable Litecoin?

However, when you look at the performance of Litecoin, it has been moving downwards as well. However, the market cap difference between Litecoin in Cardano is still immense. This clearly indicates that there is some way to go for Cardano before actually, it moves up Litecoin. Moreover, Litepay did not work out for Litecoin. This is one of the main reasons why it has been consistently falling as well. As a result, there are greater chances that if Litecoin falls further, Cardano can indeed move up to Litecoin.

What are the advantages of Cardano?

When you’re looking at the advantages of Cardano, you will realize that it provides a better execution of the smart contracts. This is a clear advantage. Moreover, with the help of a better blockchain, the usage of the blockchain can increase significantly. When the usage of the blockchain increases significantly, the value of Cardano can increase as well.

Thus, if you’re looking for Altcoins in which you can invest for good returns, Cardano is a good option to go with. With the help of Cardano, you can easily get good returns. However, you have to look into the usability of the blockchain. Only once you are able to look at the usability of the blockchain, you will be able to understand whether Cardano can progress beyond these to cryptocurrencies are not. You have to always keep this factor in mind and thereafter only you have to look towards the performance of Cardano in the longer term.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
Aamir Kapoor is a fintech writer specializing in cryptocurrency and blockchain. He has a background in finance and banking and was a researcher.