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Ethereum and Cardano have had their fortunes intertwined throughout their existence. First, Cardano emerged as one of the crop of “Ethereum Killers” in 2021. Second, Ethereum was co-founded by Charles Hoskinson until his departure from the project in 2014. This led to Hoskinson launching Cardano in response. While Ethereum’s price has far outperformed Cardano since, the latter has shown signs of life recently, with ADA prices starting off November on a sizable run. Ethereum remains the largest leading smart contract platform, but can it sustain its market dominance in the face of Cardano’s challenge?
Ethereum price breaks past $3,000
It took a while, but it finally happened: Ethereum’s price finally broke the $3,000 mark. Prior to that, Ethereum price action had been lagging compared to Bitcoin, indicating a lack of conviction and interest from the retail investors—many of whom went with the action on Solana and other newer Layer-1 blockchains. The capital outflows resulted in the moribund Ethereum price performances throughout the year until the Ethereum price surged by 22% in the first week of November. In the month, Ethereum price action has picked up with the speculation surrounding the recently concluded US elections, recording a 27% gain in the past month. It was a long time coming for Ethereum, and investors who bought the dip are being rewarded with some solid, if unspectacular, profits.
Cardano partnerships catalyze November growth
Cardano was often the butt of the joke throughout the year, with the once-mighty “Ethereum Killer” falling by over 90% from its 2021 ATH of $3.09. It’s a colossal downfall from what was at one time the fourth-largest cryptocurrency at its absolute peak. However, Cardano investors are finally having some reason to smile, with ADA prices going on a 30% run in the past month. All signs point to a potential breakout by Cardano to end the year following the Cardano Foundation inking strategic partnerships with big-time industry players.
For instance, Cardano entered into a collaboration with sports management outfit Epoch to improve merchandise authentication and fan engagement last November 5th. On the other hand, Cardano partnered with BitcoinOS, a smart contract platform for the Bitcoin network, which could introduce a new era for DeFi on Bitcoin and unlock the $1.4 trillion Bitcoin ecosystem. Another major partnership for Cardano is its collaboration with AI outfit Globant, indicating Cardano’s push into the lucrative AI crypto sector, which could pay dividends to holders in the near future. Thus far, Cardano trades at $0.44, leading speculation that its AI crypto play could open the door for ADA retesting $1 by the end of the year.
Lunex Network offering better upside than ADA or ETH in 2025
ADA and ETH might be looking up, but their big market caps hinder the potential gains to, at most, a retest of their previous all-time highs. The real gains will be found in blue-chip ICOs like Lunex Network, which has raised $2 million thus far. DeFi is going to be a major narrative in 2025, opportunities like the cross-chain revenue-sharing and trading protocol offer a first-row seat for making parabolic gains similar to both big caps when they first came out. With token prices at just $0.002, Lunex offers significantly greater upside for massive gains once it launches and lists.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
