Thu, February 29

Ethereum, Cardano, Are Sleeping Giants As Bitcoin Shows Sideway Movement

Ethereum, Cardano, Are Sleeping Giants As Bitcoin Shows Sideway Movement Altcoin News
  • Aaron Arnold names a few crypto assets that he believes are quiet powerhouses.
  • Ethereum (ETH) has added five million unique addresses to its network.
  • Two top crypto BTC and ETH both attracted investments from Senator Pat Toomey.

Crypto analyst Aaron Arnold names a few crypto assets that he believes are quiet powerhouses with the potential to take off once bullish momentum returns to the markets.

Moreover, Cardano is leading in terms of average daily GitHub developments over the last 30 days, which represents that the development team works hard to improve its network, notes Arnold. According to CoinMarketCap, the ADA price is $1.33 with a 24-hour trading volume of $1,147,879,578, at the time of writing.

Additionally, says Arnold, Ethereum (ETH) has added five million unique addresses to its network in the last 30 days. ETH gas prices dropped to the lowest rates since March 2020. More so, users can attribute this since the price dropped. However, Coinmetrics says Ethereum gas prices actually started declining before the price of ETH did because ETH has done some scaling this year.

Arnold says that as demand for ETH grows, projects will spill over onto smaller blockchains and start building there. According to CoinMarketCap, the ETH price is $2,108.26 with a 24-hour trading volume of $19,846,870,225, at the time of writing.

Two top crypto assets Bitcoin and Ethereum, which Arnold says have both attracted investments from Senator Pat Toomey (R-PA), the first senator on record to purchase crypto. According to CoinMarketCap, the BTC price is $33,799.66 with a 24-hour trading volume of $25,050,572,152, at the time of writing.

Recommended for You

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.