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EOS vs Cardano (ADA) – Which Coin Holds More Potential?

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Cardano
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Ever since Ethereum became the representative of the second wave of cryptos, there have been others that were trying to replace it. Right now, the battle for the representative of the third wave rages on, and whichever digital currency comes out on top, will probably replace Ethereum as the new favorite on the global scale.

Despite the fact that there are many cryptos competing to the title, EOS and Cardano (ADA) are among the top few. Because of that, we think that they deserve to be compared so that everyone would have some idea of what it might be expected in the future.

Cardano vs EOS

Both Cardano and EOS are the cryptocurrencies of the third generation, or the third wave, as it is sometimes called. They studied their predecessors, and have discovered that they lack in several aspects, which these cryptos are trying to improve, in order to provide users with better solutions. These aspects include sustainability, scalability, as well as interoperability.

Both of them are still being developed, which means that they might change a lot when their final versions are ready to come out. Still, we will take a look at them as they are now, and try to see what makes them worthy of being the winners in this cryptocurrency battle royal.

EOS

EOS is a cryptocurrency that currently holds the fifth rank as per CoinMarketCap. Its price is at $10.56 at the time of writing. The coin has just launched its MainNet and is currently in the process of transitioning. Its creator is Dan Larimer, who has had multiple major cryptos and blockchain-related projects in the last decade. As for the cryptocurrency’s owner, that is currently the company called Block.one, led by Brendan Blumer. This is the very same company that has developed EOS’ MainNet, called EOSIO.

EOS has received a lot of skepticism in the past, especially due to the fact that it is a rather ambitious project. Its goal is to create an Ethereum-like platform that would allow for creation and use of dApps. The platform is to be completely free, and it has already been witnessed that it can handle a colossal number of transactions per second. Both, the platform, as well as the smart contracts, are built via C++.

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Cardano (ADA)

Cardano is a very young and new cryptocurrency that was founded by Charles Hoskinson. One interesting thing is that Hoskinson is actually one of Ethereum’s co-founders, who left the team in 2014 due to different views on how the project should be structured. After leaving the team, he started a new blockchain-building and crypto-governing company with Jeremy Wood, a former colleague from Ethereum, and they called it IOHK.

After the value of cryptos skyrocketed, the two decided to liquidate, and have apparently managed to receive enough to keep their company ‘open for decades’. This is when Cardano (ADA) came to be.

Cardano holds the 8th place on CoinMarketCap, and its coin’s value is $0.163766. It has been much more stable than almost any other cryptocurrency in the last six months, despite the fact that its value dropped after the crypto hype that was witnessed in December 2017. It is still being developed, but it seems to be on the right track and has had a lot of success when it comes to inspiring trust in investors.

The trust mostly comes from its extremely capable team, which is made up of professionals and academics. With a team like that and a leader like Hoskinson, it is clear that this crypto has a secure future, and that it knows what it is doing. This is also seen in their choice of a programming language – Haskell. Just like EOS and Ethereum itself, Cardano also offers a platform for smart contracts, and the security is one of its main focuses.

Cardano-EOS drama

Several months ago, the drama usually not associated with this kind of business circles occurred, and it involved Larimer and Hoskinson. According to what is known, it started with Larimer’s peer review article that was posted on Steemit. Without going into detail, the article basically attacked Cardano’s consensus algorithm, with Larimer calling it not only slow but also a copy of his own DPoS.

Hoskinson decided that he would not stand for it, and he responded on Telegram and said that Larimer claims to have invented everything, while everything else is junk. Larimer soon released another post on Steemit, which involved two comics that can be seen here.

So, Cardano or EOS?

Both Cardano and EOS are cryptocurrencies with a great amount of potential, and a lot is expected from both of them. Cardano’s MainNet was among this crypto’s first steps, and it came out back in September of the previous year. On the other hand, EOS just launched its own MainNet days ago, and it seems to be working, despite the rough start thanks to a certain glitch that was soon removed.

In the end, it is too early to say which of these has the biggest claim on Ethereum’s place, since they are still both in development. One thing that is certain, however, is that we can expect a lot from both of these cryptos. But, when it comes to which one will come out on top – that is anyone’s guess.

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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

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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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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