Press Release

Cardano (ADA) About To Fall Out Of Top 10 Crypto, This Ethereum (ETH) Token Is Set To Take Its Place


Cardano (ADA) was conceived as an answer to Ethereum’s (ETH) shortcomings, promising a more scalable and secure blockchain platform for smart contracts and decentralized applications (dApps). 

However, Cardano (ADA) has faced an uphill battle in attracting crypto users to its ecosystem. This challenge has been amplified by the recent launch of Layer 2 solutions on Ethereum. These Layer 2 solutions aim to address Ethereum’s (ETH) scalability issues without a complete overhaul of the network. Thanks to these integrations, the Ethereum (ETH) blockchain now offers faster transaction speeds and lower fees for users.

With Ethereum’s (ETH) scaling improvements, Cardano (ADA) faces increased competition in attracting users. While the latter offers unique security features and a proof-of-stake model, the former’s established ecosystem poses a threat to its growth.

Given these challenges, maintaining its position within the top 10 crypto projects is proving challenging for Cardano (ADA). These concerns have also led investors to search for viable alternatives and ETFSwap (ETFS) has emerged as a suitable investment alternative. 

Growing Doubts About Cardano’s Future In Top 10

Once celebrated as an “Ethereum Killer,” Cardano (ADA) is now facing a decline in the coin market. Currently ranked 10th with a market capitalisation of $17.1 billion, Cardano has fallen significantly from its peak market cap of $91.6 billion in 2021.

In April 2024, Cardano even briefly fell out of the top 10 crypto projects, with Toncoin (TON) taking its place. Toncoin’s market capitalisation grew from $3 billion to $25 billion within a year, highlighting the fierce competition in the blockchain space. Currently, Toncoin (TON) is 9th among the top 10 crypto projects.

Cardano’s downturn began in 2021 due to challenges in effectively managing smart contracts. Following the Alonzo hard fork, the network market cap and ADA’s price plummeted. Although developers have successfully addressed these issues, other blockchains have already surpassed Cardano (ADA). 

Consequently, Cardano (ADA) no longer appears as groundbreaking compared to networks like Solana or Layer 2 on Ethereum. Grayscale concurs with this view, reflected in their removal of Cardano (ADA) from their digital crypto fund due to ongoing concerns. 

It is currently sitting on the 10th spot on the list of largest cryptocurrencies with a market cap of $17.1 billion, but even its hold on this spot is tentative at best, already seeing mounting competition from the likes of Shiba Inu (SHIB) and ETFSwap (ETFS).

ETFSwap Intends To Redefine ETF Trading

ETFSwap (ETFS) is a disruptive force in Decentralized Finance (DeFi). This innovative platform leverages blockchain technology to democratize access to ETFs. Built on the secure and widely adopted Ethereum ERC-20 standard, ETFSwap tackles the limitations of existing crypto ETF platforms.

ETFSwap (ETFS) empowers crypto investors by allowing them to buy ETFs. The platform also ensures its users enjoy a seamless experience for actively trading and investing in a diverse range of ETFs. Currently, the platform offers fixed-income, leveraged, and market ETFs. They also deliver crypto and commodity ETFs as well. 

To fulfil its mission, this platform has developed a range of tools that ensure users get the best trading experience. One such tool is the ETF Screener, an intuitive feature that assists users in selecting the most suitable ETF. 

Additionally, the ETF Filter enables users to refine ETF options by applying specific search parameters. Furthermore, the platform offers the ETF leveraged trading tool, allowing users to leverage up to 10x on their chosen ETF trades.

Interestingly, ETFSwap (ETFS) operates without requiring KYC, eliminating the involvement of bank intermediaries or regulated entities. Thus making it an appealing choice for small and medium investors.

Furthermore, by facilitating the trading of ETFs from various sectors, this platform offers investors the opportunity to diversify their portfolios. This opens investors to other industries like technology, healthcare, energy, and commodities. With a diverse portfolio, investors are able to spread risks and potentially earn huge returns.

How Ethereum-Based ETFS Is Doing In Its Presale

ETFswap (ETFS) recently organized a private sale event targeting influential investors within the industry. The event yielded positively and the project successfully secured $750,000 in investment from five industry leaders.

As the presale enters stage 1, the ETFS token is available at a favourable price of $0.00854. Given the uniqueness of this project, early investors will earn huge rewards for their investment. Moreover, with experts predicting a staggering 10,000% surge in price, early investors are anticipated to witness substantial growth in the value of the ETFS token, with the second stage of the presale expected to rise to $0.01831.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community


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