Choosing the best investment projects for your portfolio can be a daunting task especially since most Blockchain projects are built with unclear objectives and roadmaps. Granted, there are some Blockchain projects that are changing world industries by introducing Blockchain’s capacity for interoperability, immutability, and transparency. However, how do you settle on the most promising projects to make sure you make a return on investment? Well, Cardano and Stellar Lumens are some of the most promising but mostly overlooked cryptocurrency projects. Plus they are fundamentally different with potential for growth in the coming years. Here is a comparison of what each of the projects offers.
Ease of Adoption by the masses
The rate at which a coin is being adopted by the masses affects (to a large extent) the price appreciation and growth of that coin. Although Cardano’s IOHK has made strides towards enabling fast adoption by securing essential partnerships with governments and leading institutions in various industries, Stellar Lumens takes home the title of easily adaptable cryptocurrency. The reason for this is simple. Stellar Lumens is used for cross-border payments and currently, their partnership with IBM is fast-tracking XLM’s adoption. Furthermore, XLM has also partnered with Register and SatoshiPay, giving the Lumens an edge over ADA in terms of adoption.
Development of the project
In terms of platform development, Cardano takes the first position since it boasts of a peer to peer review approach that is based on scientific philosophy. This has helped the Cardano Blockchain become one of the most progressive projects in the crypto space. Meanwhile, Stellar has remained focused on enabling the acceptance of its cryptocurrency worldwide. On the flip side, even though Stellar Lumens platform development does not have a wide scope of potential application like the one at Cardano, Stellar’s laser focus approach enables faster platform development than Cardano’s.
Performance in the market
There is no easy way to compare Stellar Lumens and Cardano in terms of price performance since they rank at position 8 and 7 respectively on CoinMarketCap. While Stellar Lumens is built to make cross-border payments fast, reliable and affordable, Cardano is an open source Blockchain platform with smart contracts similar to what Ethereum offers. Both cryptocurrencies are priced almost at the same price mark with Stellar Lumens featuring slightly higher price according to CoinMarketCap as of this writing.
The versatility of the Blockchain
Cardano boasts of being the more versatile of the two Blockchain projects simply because it offers smart contracts that allow anyone to build their own Blockchain applications on top of the Cardano Blockchain network. Plus, Cardano comes with its own wallet and features a unique proof of stake algorithm called Ouroboros. On the other hand, although Stellar Lumens is also an open source platform that allows anyone to build their own applications, it does not provide as much versatility as Cardano
Both Stellar Lumens and Cardano (even with a unique set of features) have the same objective of improving Blockchain’s capabilities. Each of them has a lot of competition to deal with as well. For instance, Cardano’s main competition includes Ethereum, NEO, and EOS while Stellar Lumen’s main competitor is Ripple. Basically, both projects are promising, but it’s always recommended to do your own due diligence before diving in to invest.
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…