Veteran Analyst Declares Cardano as Top Pick for 2024 Bull Run: Here’s Why

A notable technical analyst has singled out Cardano (ADA) as his top choice for the emerging bull season, favoring the asset over competitors such as Solana (SOL) and Ethereum (ETH).

Recently, Gert van Lagen, a prominent technical analyst, asserted that ADA is superior to rivals like SOL and ETH. Lagen compared Cardano to Solana and Ethereum from a fundamental standpoint.

#Cardano stands out for its fundamental superiority over #Ethereum and #Solana, boasting greater decentralization and the notable absence of support from centralized entities like Gemini.

Solana’s sporadic inexplicable network outages of a few hours underscore the importance of…

— Gert van Lagen (@GertvanLagen) February 9, 2024

He contends that ADA distinguishes itself with “fundamental superiority,” asserting Cardano possesses greater decentralization and notably lacks support from centralized players.

Essentially, the crypto pundit suggests that ADA stays true to the tenets of crypto decentralization, unlike its prominent rivals.

Reasons for Cardano Superiority

Furthermore, Lagen cited Solana’s recent network downturn as further evidence supporting his belief in Cardano’s superiority.

Significantly, Solana experienced an unforeseen setback last week when no new transaction blocks were recorded on the network for several hours. The Solana development team acknowledged the network outage and initiated an investigation into its cause.

Reflecting on the significance of the issue, Gert van Lagen remarked:

“Solana’s sporadic inexplicable network outages of a few hours underscore the importance of reliability.”

According to him, the Cardano ecosystem has technically embedded crucial mechanisms to prevent such major network downtimes from occurring.

Relying on his perspective, the technical analyst stated that Cardano stands as his foremost choice amid the unfolding bullish market.

Moreover, he provided further grounds for his bullish perspective about ADA. Lagen highlighted that Cardano is leveraging its EUTXO standard to enhance network capacity significantly. He noted the model focuses on transactions per transaction (TPT) rather than solely on transactions per second (TPS).

Furthermore, Lagen’s criticism extended to Ethereum, especially considering that ETH is the only altcoin with pending applications for exchange-traded funds. He remarked: “Crypto is all about decentralization. So don’t be too happy with the ETFs.”

Community Reacts

Notably, members of the crypto community have contested Lagen’s perspective. Some have argued that Cardano’s decentralization is of little concern to most.

Others have sarcastically suggested that Cardano’s lack of outages, unlike Solana’s, is because there is supposedly not much utility in it. Nonetheless, the Cardano community has rallied behind Lagen’s perspective.

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