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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.

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

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Altcoins

Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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