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downloadA few days ago, the famous co-founder of Ethereum, Vitalik Buterin, launched a curious survey on his official Twitter profile which showed that his community likes Cardano (ADA).
The survey
He asked his community of more than three million followers what their favourite currency was after ETH.
Buterin divided the possible answers into two tweets, which produced different results.
The first poll received over 600,000 votes, with ADA (Cardano) winning with 42%, ahead of BTC (Bitcoin) with 38%.
Poll for Ethereum community. You wake up in 2035, and 80% of all transactions + savings in the world are in one currency that is not ETH. Which would you prefer it to be?
— vitalik.eth (@VitalikButerin) January 13, 2022
So in total ADA was voted for by about 252,000 people, and BTC by 230,000 people.
The second poll received just under 360,000 votes with TRX (Tron) winning with 51%.
So in total TRX received about 180,000 votes.
Therefore, Buterin’s Twitter community has decided that after ETH, their favourite currency is ADA, followed by BTC, with TRX slightly behind.
Vitalik Buterin’s community rewards Cardano (ADA)
This result surprised many.
First of all, Cardano has always been the main candidate for the role of Ethereum’s competitor, so much so that it has been defined several times as a possible Ethereum-killer.
In fact, for some time now it has been clear that Cardano does not have the strength to compete with Ethereum, let alone to “defeat” it, and with this survey, it seems that this label has dissolved. Cardano should now be seen as a complementary alternative to Ethereum, and not as a substitute.
It also beat Bitcoin, which remains the world’s leading cryptocurrency by far. This sort of “overtaking” is indeed very curious, as it almost seems to reveal a certain disaffection of the crypto community towards Bitcoin. However, it is worth remembering that Bitcoin is mistakenly seen by many as Ethereum’s main direct competitor, so from this point of view the Buterin community may not be objective.
The price of Cardano
It is worth noting that the price of ADA had been on a downward spiral since September when it hit an all-time high of over $3. Buterin’s survey result gave it an 11% gain in a single day, putting it back above $1.5 after being at $1.1 last week.
It will now have to be seen whether the Cardano community itself will be able to react and relaunch the project, whose evolution has seemed to have been somewhat dormant for some months now.