BITCOIN has long cornered the cryptocurrency market as the most valuable token, having managed to hold its position during the shake-up of 2021. But now, a new currency, Cardano, threatens its place in the top spot.
Bitcoin ‘not seen as a currency for transactions’ says expert
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The cryptocurrency market has lurched through 2021, with several altcoins ripping through it. The many emergent candidates, among them Dogecoin and its relatives, have helped mould a new exchange. Bitcoin has managed to stay ahead of the crop, but other coins are steadily gaining pace.
Could Cardano take over from Bitcoin and Ethereum?
Bitcoin is currently in the cryptocurrency market’s top spot at roughly $48,415.48 (£35,166.59) per token.
Ethereum occupies the spot behind but is worth more than ten times less at $3,238.77 (£2,352.48).
Both coins remain highly favoured amongst traders, but they have a drawback that has made them less appealing to industry leaders.
