Popular crypto trader Aaron Arnold is a cop from Cardano (ADA).
Arnold tells his 750,000 YouTube subscribers that he is optimistic about Ethereum’s rival because he believes it will be based on ETH’s wave of success.
“I’m a Cardano bull in this cycle. I think there are many reasons to be optimistic about Cardano. The main reason I am optimistic about Cardano this cycle is because I am optimistic about Ethereum this cycle …
In a world where Ethereum is so valued and speculated, I think Cardano will do well … Many different metrics now lean towards Cardano. ”
ADA, the seventh largest crypto asset by market capitalization, is trading at $ 1.65 at the time of writing and is up nearly 24% in the past two weeks, although it’s down nearly 8% in the past 24 hours, according to CoinGecko.
Arnold says he’s also optimistic about Cardano because of the project’s upcoming developments: In April, IOHK (Input Output Hong Kong), the development company of the asset, announced that the Alonzo upgrade would start in August and smart contracts into the Cardano blockchain will integrate.
Arnold also notes the project’s social engagement, pointing out that there are more than 400,000 “Cardanians” on Reddit.
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Featured image: Shutterstock / Mia Stendal