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EOS vs Cardano (ADA): Which One To Invest In?

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EOS vs Cardano
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As many of you are already aware of, the crypto market is not in a good place at the moment. Numerous coins are losing their value, and nobody can tell for how long is the current bear trend going to hold.

However, the bear trend will eventually blow over, as it always does, and a new bull run can start at pretty much any time. Bearish behavior is bad for the market at the moment, but it can also provide an opportunity for investors who are interested in making a profit in the long run. Smart investors know that buying coins is less profitable when their price is on the rise. However, purchasing them when their value is low allows for some pretty good returns when the bulls return.

As always, the main question is — which coin to invest in? Well, we believe that altcoins like EOS and Cardano (ADA) are among the best ones. Both of these projects have a lot of potentials, and both are almost guaranteed to survive the altcoin apocalypse. Even so, the EOS vs Cardano rivalry continues to persist, and everyone wants to know which one holds more potential than the other. This is what we will try to answer today.

EOS vs Cardano

EOS and Cardano are two separate projects, but even so, they do share a number of similarities. For example, they both wish to change the world with their respective projects, take over Ethereum, and dominate the market.

At the time of writing, EOS holds the fifth place on CoinMarketCap’s list of largest cryptos, with a current price of $4.84. Cardano, on the other hand, holds the ninth spot, with a price of $0.063395.

Cardano is a relatively new project, even though it was conceptualized back in 2015. Its creator, Charles Hoskinson, set up a goal of creating a strong crypto that would have real quality. According to what we can see so far, he succeeded at doing this, and all aspects of Cardano are excellent. This includes its stability, technology, and even the team behind it.

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EOS, on the other hand, has been around for much longer, and it started off as an ERC-20 token, meaning that it was created on Ethereum’s network. A few months ago, EOS has launched its own MainNet, which is a significant achievement. However, the MainNet soon proved to have quite a few bugs and glitches, which does spoil the impression somewhat.

When it comes to Cardano, the project is pretty similar to Ethereum. However, it uses the PoS algorithm in order to improve the blockchain’s speed and enhance the user experience. At the same time, it protects the components of decentralization, and it improves the security of transactions. Cardano has improved its speed, decentralization, and security, which are the biggest factors that lead to the balanced blockchain.

While the current technology is not good enough to perfect these aspects, Cardano has done as much as it could to come as close to perfection as possible. According to Hoskinson, the tech behind Bitcoin and Ethereum has reached a dead-end, and not much more can be expected from them. While the two started the crypto era, it is now up to the altcoins to continue its development and progress.

When it comes to EOS, it contrasts Cardano in several ways. EOS was created through the use of Delegated Proof-of-Stake, or DPoS. Its goal is to allow faster crypto adoption and on a larger scale. However, many would argue that this system damages the project’s decentralization. On the other hand, EOS has shown a lot of progress, it fixed its flaws, and it is among the best platforms for dApp creation. It’s free, it managed to tackle scalability issues that so many other coins have to deal with, and its development is still advancing at full speed.

In the end, the question of EOS vs Cardano still remains unanswered. Both coins are still being developed, and have a lot of potentials to change the world. They have capable teams, and even more capable leaders behind them. In the future, one of these might grow exponentially and leave the other one in the dust. However, for now, it is extremely difficult, if not impossible, to tell which one will end up a winner.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Where will Tron (TRX) be when we land in the same month next year?

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Tron TRX
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The volatility of the crypto market has made it quite difficult to predict the outcome of what prices will become. To predict the prices of cryptocurrencies, various factors and characteristics are used to forecast whether a cryptocurrency will come up with a bull run.

The price of altcoins is significantly affected by the rise and fall in the Bitcoin price. In other words, if there is an increase in the price of BTC on a given day, there will be a high tendency for other altcoins to follow the same trend.

Concerning Tron, the market activity of Bitcoin has also affected the price of TRX lately. If that is the case, what will be the price of TRX before the year runs out and even next year? Well, we will be using various factors to predict the price of TRX in a year time or so (after seeing the recent market pickup).

The expected value of Tron TRX in a year or so now?

On a positive note, Tron has released lots of projects to aid and benefit its users worldwide, ever since the launch of its MainNet. Even recently, the blockchain announced another mega project known as Project Atlas. Despite the start of these projects, there hasn’t been a significant change in its price until recently. It is essential to know that even when these projects were getting launched, its price kept depreciating.

There aren’t any upcoming projects on…

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Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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