Cryptocurrency still remains the choice of many when it comes to investing. However, choosing the best cryptocurrency to invest is very confusing and complicated for most people. There how many choices for investing in coins. However, people choose only for full of coins while investing or trading. However, this is not the correct thinking because there are many small coins which have the potential to outperform all other Big coins. Altcoins are the next potential smart movers. Hence, today we are going to compare Ripple (XRP) vs Cardano (ADA). Let’s find out which one is more suitable for investment in the upcoming years.
Cardano (ADA) is the seventh largest cryptocurrency in terms of market cap. It has not been very famous like other coins. This is mostly because it is relatively unpopular like the other cryptocurrencies. However, Cardano holds a lot of potentials to show significant upside in the upcoming years. The most significant competitor of this currency is ripple (XRP). Ripple is one of the most popular cryptocurrency when it comes to valuation and techniques. In this post, we will compare Ripple (XRP) vs Cardano (ADA) to find out which will be better for investment in the upcoming years.
Ripple (XRP) vs Cardano (ADA)
We have seemed a significant downtrend in the cryptocurrency market last year. Most experts believe that the connection is not over yet and 2019 will further see deep wounds in this sphere. However, this is the best time to start investing slowly and gradually in the best cryptocurrencies. However, people often failed to realize which coin holds a better future. The top 2 contenders in the list of best performing altcoins are Ripple and Cardano. So which one is better for investing? Let’s find it out.
Ripple is a tough competitor for Cardano. Ripple is one of the most famous cryptocurrencies for investing money. Moreover, its promising technology is being readily used by banks and Financial institutions for solving various problems. However, Cardano is known as the third generation cryptocurrency. It is different in terms of operation when compared to Ripple.
Ripple is a completely centralized currency. This adds to the major downside for the coin. Moreover, the developers of ripple are facing legal lawsuits. Hence, the growth of this coin is limited in the short and mid-term. However, it is amazing in long term perspective. On the other hand, Cardano is decentralized and works on a completely different theme at a much higher Speed.
Cardano started trading on 1st October 2017 and had grown consistently since then. Even when the market was facing a severe downtrend in 2018, Cardano gave decent return to all the investors. This shows the future potential of the coin. Ripple has also seen a consistent uptrend an all-time high during December 2017. However, repeated questions on centralization have been adding on the back of this coin.
Cardano might beat ripple in terms of scalability. This is because ripple has a slower scalability range. On the other hand, Cardano can be easily scalable. It can fulfill up to 257 Transactions per second. Hence, the speed is unbeatable and stable. Moreover, the security of this blockchain technology is very strong. Hence, Cardano holds a bright future.
Ripple (XRP) vs Cardano (ADA): Which is better for investment?
Both Ripple (XRP) and Cardano (ADA) a great for investment. If you are looking for long term investment you can choose either of them. This is because both hold a promising future. Ripple is fundamentally stronger, however, will grow gradually over time. On the other hand, Cardano is going to consolidate further and will see a rapid rally in near future. Hence, you can consider investing in both too.