Looking at the crypto market today, we can see Binance BNB flipping not only Polkadot but also Cardano.
Binance is another major competitor to Ethereum as well; Binance uses the Ethereum network; it was built initially on Ethereum BNB. The Binance smart chain now solves the problem with the major fees on the Ethereum network.
Many projects are launching in the Binance smart chain now, doing a second coin on the Binance smart chain like SparkPoint SRK launching their second token. Many coins create a second coin that can be exchanged one to one ratio with their Ethereum network coin the way SparkPoint SRK now has BSRK, which is Binance smart chain SRK.
It will take longer for Cardano to develop when compared to Binance, Binance smart chain is currently live, and people are using it and launching products on it, which is why the price is surging.
People are starting to realize that this is solving the Ethereum network fees, but as soon as Cardano main net is entirely live with smart contracts and the sorts, Cardano will start taking the spotlight.
Compared to all other Ethereum competitors at the top ten, Cardano looks like it will have the highest return on investment throughout 2021.
Cardano leads up to a major network update on the first of March; ADA prices might rise again before the update is fully launched. From the look of things, we might also begin to see ADA at $2-$3 if everything keeps moving the way it does.
Bitcoin breaking that $50,000 resistance and moving upwards is good for the entire crypto space as it takes down mental barriers for many people. This might be why Ethereum is getting close to testing two thousand dollars.
Ethereum would have quickly broken two thousand if we did not have those problems with the gas fees. Ethereum 2.0 is not going to solve the problem of gas fees either, especially if more and more people continue to go into the crypto space. Besides, the Ethereum network updates are going to take a while.
Cardano is going to be taking the spotlight around a 28.5 billion dollar market capitalization; it is very small when compared to Bitcoin, which is closing in on one trillion dollar market capital and Ethereum.
Cardano's price will hit two dollars before its next reasonable correction. A lot of updates and partnerships will be coming out of this because smart contracts enable all of these crypto projects to do different things that give them unique aspects to their projects.
