Etoro Group crypto expert Simon Peters says that Cardano (ADA) has become the number one choice of investors over Bitcoin (BTC).
Simon specifically said, “Is Bitcoin the next? is unknown, but Investors are flocking to the crypto currency Cardano (ADA) as a new trend ”.
Simon said this is based on how the Bitcoin price is rising faster at its highest levels in the crypto market. Currently, BTC stands above $ 50,000, which seems very costly unlike previous years.
The BTC price increase has caused many crypto investors to look to other digital assets as an alternative to Bitcoin.
Also, last month, ADA experienced a relative increase in trade of about 157%. Cardano’s 157% rise came shortly after posting an all-time high of $ 1.45.
Simon also mentioned other tokens that attract investors’ interest besides ADA. He drew attention to IOTA (MIOTA) and Tron (TRX) strictly:
Investors are looking for the next Bitcoin, that is, they are investing in cheaper coins like Cardano’s ADA, IOTA, and Tron, all priced around $ 1.
According to CoinGecko, ADA has a 24-hour trading volume at $ 4.7 billion at the time of writing, at $ 1.12.