Cardano is Breaking out of multi year resistance. How high it goes? Nobody knows depends on how the crypto Narratives shifts around.
What do we need to understand about Cardano in the new world
*Cardano and Ethereum had same founders however the founder of Cardano left ETH project to work on proof of stake/academically rigorous algorithm for next generation Blockchain
*For institutional investors, Cardano is specially attractive namely because it's able to handle transaction throughput with ESG compatibility while retaining Blockchains secure elements.
*ETH is trying to upgrade itself to the type of POS system that Cardano is running on but there are implementation risks, Cardano had 2 year advantage on this it appears. So Cardano is a really good alternative to ETH
ETH moves 2 to 3X higher than BTC, Cardano moves 5 to 10X ETH, so that means it would probably move 30X more than BTC as this space heats up.