U.Today

Well-known supporter of Bitcoin, Max Kaiser, recently forecast that over the next six months, Cardano could lose an additional 90% of its value relative to Bitcoin. Some ADA supporters, like Cardano Whale, humorously speculated that this could lead to lucrative purchasing opportunities for ADA.

For investors looking to preserve capital over the long term, Bitcoin is the preferred asset due to its decentralized structure and store of value narrative. Its higher liquidity, strong institutional infrastructure, and extensive network effect grant Bitcoin a stable market advantage over many other cryptocurrencies.

However, Cardano presents itself as a blockchain platform that aims to surpass Ethereum and other smart contract platforms by offering a more sustainable and scalable solution. With its peer-reviewed academic methodology and proof-of-stake consensus, Cardano tries to provide scalability, energy efficiency, and a solid foundation for projects involving decentralized apps and finance.

Despite these technological advancements, ADA has faced criticism for its sluggish adoption and development, which may contribute to its pricing issues. Many investors are concerned about ADA’s competitiveness in the crowded smart contract platform market, especially given its dramatic price decrease over the last 12 months.

Max Kaiser’s bold prediction aligns with the views of some investors who believe Bitcoin’s dominance will only increase. However, the long-term success of Cardano will depend on its ability to fulfill its commitments, attract developers, and foster an ecosystem that will benefit most investors.

This article was originally published on U.Today