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Verge (XVG) vs. Cardano (ADA): Which One is Better?

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Verge Cardano

Each day is a different story in the cryptocurrency market. Currently, two of the coins that are driving attention are Verge (XVG) and Cardano (ADA). Fact is, the two currencies have different approaches to solving the problems in the blockchain, however, that has not stopped many from comparing the two on several occasions.

As much as the two coins have different circumstances that are surrounding their hype at the moment, they do share a common aspect which the future of them both. They have all the attention but then beginners, as well as the watchers, want to know precisely why they are making headlines and between them which shows a brighter future.

However, just like most other cryptocurrencies, the two as well are in infancy as of now, so to mark anyone a definite winner at this stage will probably be too early.

Verge (XVG)

Verge has undoubtedly come quite a long way but the question to be asked is, has the journey made it move forward or sideways? Verge uses Simple Payment Verification (SPV) as its main selling point. In a word, XVG merely is meant to focus on privacy.

The central promise of verge to users is complete privacy and anonymity. It uses the wraith protocol technology which allows users to switch between the public and private blockchains seamlessly.

At the moment, Verge (XVG) is ranked at position 22 (was at 19, just about 24 hours ago – the coin value decreased more than 14% all of a sudden), but expectations are high that it may rank among the top 10 in a week or so; should the expectations as well fail, there is a possibility that it will drop into obscurity.

On numerous occasions, the Verge team has had to face accusations of either not being that open enough, promising what they won’t provide (too much), or simply failing on the deadlines. These accusations even went an extra mile when there were revelations that 18 million USD had been transferred to Binance from XVG crowdfund wallet questionably, last week.

Apparently, over the past month, XVG has made a great growth – thanks to today’s anxiously anticipated announcement. The announcement that is due today is simply the defining moment for Verge (XVG), and it will be like a game changer not only for XVG but other cryptocurrencies as well.

If the partnership materializes, then we can expect less than a substantial shift for Verge (XVG), which may turn out as the coin of the year. In fact, a recent Twitter poll indicts that more than 50% would prefer XVG against a 35% who would go for Moreno. Of course, that doesn’t reflect much on the issue, but then it tells that with everything staying positive, Verge, with time, is destined to be a top coin.

Cardano (ADA)

Cardano (ADA) is simply more than just a cryptocurrency as it promises the best delivery. At the moment it is ranked at 7th position and has a market cap of $7 billion. Cardano provides a special platform with a protocol subjected to the peer-reviews as well as uses Ouroboros.

However, just like Verge, Cardano hasn’t presented a working product despite the claim of building from “ground up”. The platform lets users and developers create smart contracts, apps, and token issuance by use of various coding languages. Financial organizations and institutions that seek fast and secure transactions, will find the applications advantageous.

Evidently, Cardano isn’t doing that bad; however, the big question is whether the momentum will be sustained or does the community have enough for an even further improvement? The gain may be as a result of the anticipated release of the shelly, making Cardano a coin worth holding at the moment, due to the big incentive staking pools.

Cardano has got an advantage of low transaction fees and applications are easily created, too — hence it has all the tics for going forward. Cardano trades at $0.24 at the moment, and for investors, it provides a better platform to invest for the long-term.

The point is clearly that Verge (XVG) trading at $0.0700 is second to Cardano despite it being low; all majorly because of the uncertainty.

We will be updating our subscribers as soon as we know more. For the latest on XVG and ADA, sign up for our Telegram!

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.

Image courtesy of Peter Gordon via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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