Skip to main content

Avalanche vs Cardano: Is AVAX or ADA a Better Investment?

 


Avalanche and Cardano are some of the biggest Ethereum killers out there. Their goal is to create an alternative to Ethereum that is both fast, inexpensive, and highly scalable. As a result, the market cap of the two has grown to billions of dollars. In this Avalanche vs. Cardano comparison, we explain which of the two is a better investment.


That speaks for Avalanche

Avalanche is a leading blockchain developed by Ava Labs. The network is known for its blazing fast speeds that surpass Ethereum and other networks. Avalanche can process up to 4,500 transactions per second (TPS).


Avalanche is widely used by developers to build applications across all industries. For example, the DeFi platform has more than 200 applications that have a combined Total Value Locked (TVL) of over $10 billion.


Avalanche has presented several projects to expand its ecosystem. For example, it is currently implementing Avalanche Rush, a multi-million dollar incentive program. It also operates another fund aimed at providing resources to Metaverse creators.


Therefore, Avalanche is a better investment as its network is already stable in terms of the number of apps in the ecosystem. It's also growing rapidly as more developers embrace the network.


Looking at the daily chart, we can see that AVAX price has been in a strong downtrend for the past few months. It remains slightly below the 25-day and 50-day moving averages while the oscillators have continued to fall.


Therefore, in the short-term, there are chances that the Avalanche price will fall further. In the long term, the coin will recover.


That speaks for Cardano

In most cases, Avalanche is better than Cardano. For one, Cardano was launched in 2015, while Avalanche's mainnet went live in 2020. However, Cardano has a market cap of $27 billion, while Avalanche is valued at $18 billion.


Another notable factor is that Cardano's ecosystem is significantly smaller than Avalanche's since the developers launched their smart contracts in 2021. While Avalanche has a TVL of $10 billion, Cardano has only ten DeFi applications and a TVL of more than $203 million.


Therefore, based on these stats, it is clear to say that Avalanche is a better investment than Cardano. However, it could also mean that Cardano has a longer growth perspective considering that its network is in a growth phase.


Looking at the daily chart, we see that ADA price gas has formed a descending wedge pattern. Therefore, there is a chance that the coin will bounce back. Still, Avalanche is a better investment than Cardano in my opinion.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more