Is Cardano a Serious Rival to Ethereum?

17 Pages Posted: 10 Aug 2021

Date Written: July 14, 2021


Cardano was launched in October 2017 and by May 2021 has been operational for 44 months. Comparison with its closest rival, Ethereum, reveals that their prices are highly correlated but the change in daily closing prices do not always move in unison. Cardano is also more volatile than Ethereum and In terms of growth Cardano is lagging behind. Cardano’s only saving grace is its transaction fees, which are considerably lower than Ethereum. However, care must be taken in understanding the structure of any data source. In this case three data sources are used and results vary depending on the precision of the price data, particularly Cardano which for a number of years did not trade above one dollar.

Keywords: Cardano, Ethereum, Bitcoin, Cryptocurrencies, Coinmarketcap, Nomics, Coindesk

JEL Classification: F65, G0, G10,G15

Suggested Citation

Johnson, Jackie, Is Cardano a Serious Rival to Ethereum? (July 14, 2021). Available at SSRN: or

Jackie Johnson (Contact Author)

Johnson Research, Perth ( email )

PO Box 440
Bullcreek, WA 6149

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