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Stellar Lumens XLM Vs Cardano ADA: What Blockchain is best suited for your portfolio?

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Stellar Lumens
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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

Conclusion

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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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