Top-Trader Picks Cardano As Bull Market Leader: Here’s Why
12 Februar 2024 - 3:00PM
NEWSBTC
In a post on X (formerly Twitter), acclaimed crypto trader Gert van
Lagen has pinpointed Cardano (ADA) as the potential frontrunner of
the ongoing bull market. His analysis leans heavily on Cardano’s
foundational strengths compared to its rivals, Ethereum (ETH) and
Solana (SOL). Why Cardano Is Van Lagen’s Top Pick Central to van
Lagen’s argument is the concept of decentralization, where he
posits Cardano as a model of “fundamental superiority.” He
articulates, “Cardano stands out for its fundamental superiority
over Ethereum and Solana, boasting greater decentralization and the
notable absence of support from centralized entities like Gemini.”
This statement not only underscores Cardano’s commitment to
decentralization but also implicitly critiques the reliance of
other blockchains on centralized support, suggesting a purer
adherence to blockchain’s original ethos by Cardano. Related
Reading: Cardano Bulls Come Out To Play: Buy Orders Dominate As ADA
Price Soars Highlighting the critical importance of network
reliability, van Lagen points to Solana’s vulnerability, marked by
its “sporadic inexplicable network outages of a few hours.” He
contrasts this with the inherent stability of the Cardano network,
which he notes is “mathematically embedded in the Cardano
ecosystem,” suggesting a foundation built on rigorous scientific
principles and peer-reviewed research that underpins Cardano’s
operations, enhancing its reliability and user trust. Van Lagen’s
enthusiasm extends to Cardano’s Extended Unspent Transaction Output
(EUTXO) model, which he believes is a game-changer for blockchain
scalability and efficiency. He explains, “In this bullish market,
my top bet is on Cardano, leveraging its EUTXO model to
dramatically scale network capacity through TPT, not just TPS.”
This approach, focusing on Transactions Per Transaction (TPT)
rather than just Transactions Per Second (TPS), allows for a more
nuanced and complex handling of transactions, enabling a multitude
of operations within a single transaction. Related Reading: Cardano
Founder Takes Jab At Solana After Major Outage Roy M. Avila’s
article, referenced by van Lagen, delves deeper into the TPT
concept, illustrating how it differentiates from the traditional
account model by allowing for a diverse array of transactions to be
processed simultaneously within a single transaction. This
significantly reduces the need for sequential transaction
processing, enabling greater throughput and efficiency. Technical
Analysis For ADA Van Lagen shares his technical analysis of
Cardano, identifying key patterns and indicators that bolster his
bullish stance. At the end of January, noted in a post on X, “Looks
very much like ADA, broken black downtrend through weekly closes.
Clear double bottom setup below red horizontal –> broken out,
currently retesting.” This pattern suggests a strong reversal and
potential for significant upward movement. He further elaborates on
ADA’s price action, observing, “ADA [2W] – Compare Adam and Eve
bottoms within 🟨 & 🟥. Price has broken through the blue
neckline and is on its way to the key resistance zone before ATH:
$1.2-1.8. Conservative extension targets: $5-15. Invalidation
EW-count: $0.17.” These insights provide a detailed roadmap for
ADA’s potential price trajectory, highlighting both the bullish
outlook and critical thresholds for invalidation. At press time,
ADA traded at $0.5325. Featured image from Shutterstock, chart from
TradingView.com
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