Closely followed by cryptocurrency analyst and host of Coin Bureau Guy, investors looking to hedge themselves as Ethereum (ETH) transitions to proof-of-stake may turn to popular smart contract platform Cardano (ADA), suggesting that the altcoin will move away from Bitcoin in the short term. (BTC) claimed it could cause it to perform better.

Coin Bureau host Guy told over 2.1 million YouTube subscribers in his last strategy session, claiming that ETH rival altcoins could offer protection if The Merge update doesn't go as smoothly as planned:

   "One of the ways I personally protect against something going wrong with Ethereum's The Merge is to keep competing smart contract-enabled cryptocurrencies as part of my portfolio, including Cardano's ADA."

Guy Coin Bureau

According to Guy, it could act as a hedge against Ethereum's The Merge due to Cardano's Vasil update expected to be released in September:

   “It will undoubtedly be a strategic move for Cardano to improve its scalability as Ethereum transitions to proof-of-stake. This is because Cardano will be perfectly positioned for users and investors if The Merge fails or fails to meet the expectations of ETH holders.”

Guy added that Cardano can make remarkable rises against Bitcoin, the largest cryptocurrency by market cap:

   “ADA appears to be lagging in value against BTC on the weekly chart. This is because ADA has historically fallen against ETH for about eight weeks before seeing a multi-week rally. As you can see, ADA has been lagging against ETH for about eight weeks. It's losing and it's showing signs of reversal for now."

Cardano-2

According to Coin Bureau's server, Cardano's local presence could see a 50 percent increase in ADA. The analyst explained his prediction on the subject with the following words:

   “Keep in mind that appreciation against BTC does not mean a higher price for ADA, but the daily and weekly price action of ADA in fiat currency suggests that it could see a 50 percent rise in the coming weeks. But this is ultimately the short-term recovery of the crypto markets I should also point out that it depends on whether it can do it. I should also add that Cardano's Vasil update may face the same kind of issues that the project may encounter during the highly anticipated update of the Ethereum network. This is probably why other Ethereum competitors like Solana seem to be on the verge of a bigger breakout against both ETH and the US dollar."