Cryptocurrency comparisons between Cardano (ADA) and Ethereum (ETH) have become commonplace following both making similar moves, namely ADA launching proof of stake (PoS) while ETH is doing The Merge.
It is understood that ADA is currently ranked 8th by market capitalization and ETH is always behind BTC.
Even stablecoins such as Tether (USDT) and USDC made gains despite the 20 cryptocurrencies that suffered losses.
Therefore, Ben Armstrong, a crypto influencer expects that ADA will accumulate a large market share within six to ten years.
He added that the digital asset has the potential to surpass ETH in terms of market cap and user base.
If observed, ADA's market cap is $12.58 billion and ETH's at $157 billion, while ETH's market size is 13 times that of ADA's.
Meanwhile, the price of ADA is now down by 0.33% which is at the price level of $0.3673 in the last 24 hours, while ETH is down 0.93% at the price of $1,258.08.
It was explained that not only is the price of ADA in a state of uncertainty due to the lackluster global economy, but other digital assets are also taking a similar hit.
According to crypto analyst Michael van de Poppe, ADA will make a price jump as its current price is in a strong state, but ETH should reach the $1,450 price level to continue the price increase.
