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

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more