Director of African Operations at IOG: I Found A Million Users to Bring Onto Cardano
AI Trading

Cardano (ADA) is becoming the choice of many investors, as they seek an alternative crypto-asset to the flagship digital currency, Bitcoin (BTC).

Bitcoin (BTC), the largest cryptocurrency by market capitalization, is currently trading above $50,000. It seems too expensive unlike a decade ago when it was seemingly very cheap. So, Investors are looking for cryptocurrencies with a promising prospect.

Read Also: Cardano (ADA) Has Officially Advanced into Multi-Asset Era Following Successful Mary Hard Fork

Simon Peters Says Cardano (ADA) is Becoming Investors’ Choice

According to eToro’s resident crypto expert, Simon Peters, in a report titled “The next Bitcoin? Investors flock to new cryptocurrency ‘ADA’” published by mainstream media in Australia, Cardano (ADA) is becoming investors’ top choice as they seek an alternative to Bitcoin.

AI Trading

At the time of filing this report, Cardano (ADA) is priced at $1.13 and occupying the 5th position in the cryptocurrency market. But those who joined Cardano’s bandwagon in 2020 bought ADA at around $0.2 per coin.

According to eToro, the multi-brokerage trading firm, the digital token ADA experienced a relatively 157% surge in trading in February, when it recorded a new all-time high of $1.45.

Read Also: Elon Musk Just Changed His Twitter Bio To “meta for k”, Is He Really Trolling Cardano (ADA)?

He also mentioned other tokens that are gaining investors’ interest, including IOTA (MIOTA) and Tron (TRX).

Simon Peters of eToro said investors want a digital currency that would allow them to be fully involved in the next crypto boom just like those who held a lot of BTC 10 years ago when it amounted to nothing compared to its current prices.

Simon Peters noted:

“The market is evolving. Rather than focus solely on bitcoin and Ethereum, where many investors can only own a fraction of one coin, we are seeing increasing demand for coins priced like bitcoin and Ethereum were a few years ago,”

“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.

Read Also: Cardano’s New Yoroi Mobile Released with Support for the Upcoming Mary Protocol Upgrade

“We believe this year could see this hunt for the next bitcoin intensify, as the market widens and other coins gain their own following.”

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.