Do you think Cardano will replace Ethereum?
Personally, I think that both blockchains will develop in different directions in the future.
Both blockchains would therefore be relevant and coexist.
I personally think of something like this:
Ethereum = DeFi
Cardano = dApp
I also thought of something like this:
Ethereum = NFT & Gaming
Cardano = dApp & DeFi
We all know that Ethereum is one of the largest and most popular platforms in the cryptocurrency market.Many people can easily tell just by looking at the cryptocurrency market that Cardano is lagging behind Ethereum. When the Cardano token came to the market, many thought that this token might compete with the Ethereum coin. However, later on, it was no longer the case that the price of the Ethereum coin increased in the same way that the price of the Cardano token did not increase in the same way. Ethereum price hit $3000 yesterday.
Of course, Ethereum is a massive platform and its current market value is above $3000. Cardano is not that popular coin and Ethereum has the most circulation in the market, so we should not compare this coin with Ethereum. Of course, you are right, Cardano coin value is much lower than Ethereum value. And for the past few days, the position in the market and the price of Ethereum is constantly entering above $3000.