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From coindesk…..
Cardano (ADA) and polkadot (DOT) are now fourth- and fifth-most valued crypto assets, respectively, after they both surpassed XRP in market capitalization earlier Monday. That’s due to the recent rally in decentralized finance (DeFi) and the increased cost of using the Ethereum blockchain.
https://www.coindesk.com/cardano-polkadot-xrp-investors-bet-alternatives-ethereum
You got to feel sorry for the little Altcoin guys right now this last few weeks has exposed them to the might of Market Caps from the big boys and everyone is asking ones selves can ETH compete?
I though this site wont be forecasting directly as we are a reporter of the news not the makers of it, BTC needs serious competition if they don’t have it when bit coin drops in a correction investors will require a safe haven to exit to!
The author of this post has his own ideas where its all going but there’s always going to be room for the smaller to you start up Market caps like yesterday there was a massive pop for a newish coin of the Torrent variety which was great to see.
Your probably wondering where this is all going and it basically always comes down to scale and the maths, how far or how big does the Bitcoin Market cap go before it explodes, will early adopters drop it and go for the prospects of greater growth with Ethereum.
Lets face it to own one whole coin on the bitcoin platform is becoming out of the reach of most private investors but the protentional growth in ETH may become an overwhelming temptation to hard to resist for many?
At the end of the day its really all about percentages and growth, can bitcoin continue to grow at this rate over the catch up growth of BTC personally I doubt it.
Its not about charting its really all about scalability and at some point soon BTC will drop and it looks like most of the profits will go into ETH as the safe haven place to go and if that happens its really game on on who ends up winning this altcoin race and right now where’s the safest place to be?
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