Why Cardano Is Van Lagen’s Top Pick
Central to van Lagen’s argument is the concept of decentralization, where he posits Cardano as a model of “fundamental superiority.” He articulates, “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.” This statement not only underscores Cardano’s commitment to decentralization but also implicitly critiques the reliance of other blockchains on centralized support, suggesting a purer adherence to blockchain’s original ethos by Cardano.
Highlighting the critical importance of network reliability, van Lagen points to Solana’s vulnerability, marked by its “sporadic inexplicable network outages of a few hours.” He contrasts this with the inherent stability of the Cardano network, which he notes is “mathematically embedded in the Cardano ecosystem,” suggesting a foundation built on rigorous scientific principles and peer-reviewed research that underpins Cardano’s operations, enhancing its reliability and user trust.
Van Lagen’s enthusiasm extends to Cardano’s Extended Unspent Transaction Output (EUTXO) model, which he believes is a game-changer for blockchain scalability and efficiency. He explains, “In this bullish market, my top bet is on Cardano, leveraging its EUTXO model to dramatically scale network capacity through TPT, not just TPS.”
This approach, focusing on Transactions Per Transaction (TPT) rather than just Transactions Per Second (TPS), allows for a more nuanced and complex handling of transactions, enabling a multitude of operations within a single transaction.
Technical Analysis For ADA
Van Lagen shares his technical analysis of Cardano, identifying key patterns and indicators that bolster his bullish stance. At the end of January, noted in a post on X, “Looks very much like ADA, broken black downtrend through weekly closes. Clear double bottom setup below red horizontal –> broken out, currently retesting.” This pattern suggests a strong reversal and potential for significant upward movement.
