CRYPTO BATTLE

Could Cardano (ADA) take over Ethereum and Bitcoin?

CARDANO (ADA) has had a good run this year, even though the cryptocurrency market has struggled in the last few days.

Next up, investors may be wondering whether the cryptocurrency could overtake and . We explain what you need to know.

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rival .

But when compared with both Bitcoin and Ethereum, is known as an environmentally-friendly cryptocurrency.

According to Hoskinson, Cardano uses just six gigawatt hours of energy per year.

Meanwhile, Bitcoin and Ethereum use a combined 180-terawatt hours annually.

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Specifically, one terawatt equals 1,000 gigawatts - meaning the energy used when compared with Cardano is substantially higher.

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Cardano uses a proof of stake system, which restricts the amount of devices when verifying transactions. This helps keep energy relatively low.

In addition, Cardano processes as many as 257 transactions per second, compared to around five and 15 for Bitcoin and Ethereum, respectively.

What are the risks?

Whether you are looking at Cardano, Bitcoin, or Ethereum, all these cryptocurrencies come with risks.

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.

Then by mid 2025, the price of Cardano is forecasted to double to $10. That would give it around a $316 billion market capitalization.

In a year, sees Cardano’s price hitting around $4.74. In five years, the forecast is lifted to roughly $12.51.

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