At the time of writing, it was up 8% to $ 3,200, with a market capitalization of more than $ 377 billion.<\/p>\n
However, Ethereum founder Vitalik Buterin is extremely bullish about the future of cryptocurrency, especially after the recent upgrade of London hardfork and the implementation of EIP-1559.<\/strong><\/p>\n During his interview, Buterin said he expects the ETH price to increase tenfold.<\/p>\n That is, the ETH price will reach $ 30,000 by the end of the year.<\/p>\n That means Ethereum (ETH) will have a staggering $ 3 trillion valuation, making it the largest of all the Big Tech companies in the world.<\/p>\n The Cardano (ADA) price hit a record high of $ 2.54 per currency (+ 17%) on Friday, August 19, with investors awaiting the planned upgrade of Alonzo – a move that will allow the integration of smart contracts and thus address what network critics have described as one of the network’s most obvious shortcomings.<\/p>\n The smart contract functionality will allow Cardano to integrate more applications, including decentralized financing platforms (DeFi) for auto lending and cryptocurrency trading.<\/p>\n The improvement could dethrone Ethereum, which is now the leader among blockchains, thanks to the fact that it enables smart contract operations.<\/p>\n It is recalled that Cardano is expected to be upgraded in late September – early October.<\/p>\n Initially, Ada’s uptrend rallied, to a large extent, a similar boom in the cryptocurrency market to its rival Ethereum, which also made a significant upgrade.<\/p>\n Then Ada fell, as did Bitcoin (BTC), which recently topped $ 48,000.<\/p>\n However, Cardano’s token began to outperform, and volatility in Bitcoin increased after the publication of the US Federal Reserve’s minutes.<\/p>\nThe “against” with Cardano<\/h3>\n
Investment rotation<\/h3>\n