Cardano's Market Potential and Challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Fool
- Historical High and Current Price: Cardano reached an all-time high of $3.10 per token in September 2021, but currently trades around $0.25, indicating a significant decline as rising interest rates cooled the crypto market, preventing it from rebounding alongside Bitcoin.
- Technical Advantages and Development: Utilizing an energy-efficient proof-of-stake (PoS) mechanism, Cardano's Layer 1 blockchain achieves approximately 250 transactions per second, far exceeding Ethereum's 15-30 TPS, with fixed transaction fees that are generally lower than Ethereum's variable gas fees.
- Developer Ecosystem and Approval Standards: While Cardano's stringent approval process may throttle short-term growth, it positions the platform as more appealing for tightly regulated industries, currently serving a few hundred developers compared to Ethereum's 31,869 active developers by late 2025.
- Future Upgrades and Expansion: Cardano is enhancing its syncing efficiency through updates to the Mithril validation protocol and the upcoming Ouroboros Leios upgrade, while launching more Hydra
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
