Judging by the recent advancement in the Cardano ecosystem, Weiss Crypto Ratings, the leading provider of independent, unbiased, trusted ratings of cryptocurrencies, has recently compared the development in Cardano (ADA) to Ethereum (ETH).
In the rating, Weiss Crypto acknowledged the quest of Cardano (ADA) in becoming an improved version of Ethereum (ETH).
Recall that Cardano (ADA) made another vital step towards the successful integration of Shelley testnet to mainnet, by releasing Byron Reboot as promised.
In the buildup to the release of Byron Reboot, the CEO of Input Output Hong Kong (IOHK), Charles Hoskinson reiterated that Cardano will ascend as the best cryptocurrency in 2020, due to the magnitude of the projects the development team is working on, which are expected to launch this year.
In the video transmitted from his base in Coronado, Charles Hoskinson pointed out that the cryptocurrency will outperform virtually all crypto projects in the market this year.
Charles Hoskinson said
“There really is going to be nothing on market that’s as good as what we’re delivering this year. Because at the end of the day we have it all.”
Weiss Crypto Rates Cardano (ADA)
Weiss Crypto Ratings averred that Cardano (ADA) is aspiring to become a new and improved version of Ethereum (ETH), such as other 3rd generation cryptocurrencies.
“Cardano is one of the most complex cryptos we’ve rated. Like other 3rd gen cryptos, Cardano aspires to be a new and improved version of Ethereum.”
The crypto rater went further to mention what sets cryptocurrency apart from other cryptographic projects. Conclusively, Weiss Crypto Ratings pointed out that Cardano is setting new standards in the world of Distributed Ledger Technology (DLT).
“What sets it apart from the crowd is the way developers are going about building it out: Slowly and methodically. In many ways, Cardano is setting new standards for what distributed ledger technology should look like.”
What sets it apart from the crowd is the way developers are going about building it out: Slowly and methodically. In many ways, Cardano is setting new standards for what distributed ledger technology should look like.#DLT #ADA #altcoins
— Weiss Crypto (@WeissCrypto) April 2, 2020
Cardano (ADA) in the Market
Cardano (ADA), the 14th largest digital currency by market capitalization has so far replicated the favorable price situation in the market over the past 24 hours.
At the time of writing, ADA is trading at $0.031982, with a 7.03% price increase based on 24 hours estimation.
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