Logo
Cardano Ecosystem

Coinquora

03/20/2021

·

975 views


Cardano is Becoming Investors Choice, Says Simon Peters

Etoro Group expert Simon Peter says that Cardano is becoming an investors’ choice. He made mention of this due to the high cost of Bitcoin nowadays. Etoro Group crypto expert, Simon Peters says, Cardano (ADA) is becoming investors’ number...

Cardano is Becoming Investors Choice, Says Simon Peters
  • Etoro Group expert Simon Peter says that Cardano is becoming an investors’ choice.
  • He made mention of this due to the high cost of Bitcoin nowadays.

Etoro Group crypto expert, Simon Peters says, Cardano (ADA) is becoming investors’ number one choice instead of Bitcoin (BTC). 

Specifically, Simon shared his enthusiasm for ADA in a report titled “The next Bitcoin? Investors flock to new cryptocurrency ADA”.

Simon reportedly said this based on how Bitcoin price seems to be increasing faster on its highs in the crypto market. Presently, BTC stands at over $50,000, this looks too costly, unlike in previous years.   

The BTC price surge has made many crypto investors look into other digital assets as an alternative to Bitcoin.

Moreover, last month, ADA had a relative increase of about 157% in trading. Cardano’s 157% occurred soon after it recorded a new all-time high of $1.45.

Apart from ADA, Simon also named other tokens that attracted investors’ interest. He mentioned IOTA (MIOTA) and Tron (TRX) to be precise.

Simon said,

Investors are looking for the next Bitcoin, meaning they’re investing in cheaper tokens like Cardano’s ADA, IOTA, and Tron, all of which are priced around the $1 mark.

According to CoinGecko, ADA stands at $1.12 with a 24-hour trading volume of $3.796, at the time of writing.

Recommended News

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Coinquora

ORIGINAL SOURCE

https://coinquora.com/cardano-is-becomin...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Coinquora

See more
Charles Hoskinson Shares a Prominent Project From Cardano: Plutus
Coinquora
Charles Hoskinson Shares a Prominent Project From Cardano: Plutus

07/26/2022

·

1.3K views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)