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XLM vs ADA: Stellar vs Cardano Analysis

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Cardano and stellar are some of the most promising but mostly overlooked projects. They are fundamentally different in the potential of growth.

Stellar vs. Cardano

When you are planning to do some investment projects for the individual level or on company level right selection is the must and if it’s about investing blockchain then becomes quite difficult. Adopting the best investment projects for your portfolio can be a difficult task especially since most Blockchain projects are built with unclear objectives and roadmaps. Accept, there are some Blockchain projects that are changing world industries by introducing Blockchain’s capacity for interoperability, immutability, and transparency. Although, how do you settle on the most promising projects to make sure you make a return on investment?

Well, Cardano and stellar are some of the most promising but mostly overlooked cryptocurrency projects.  And they are fundamentally different in the potential of growth in the coming years.

 

 

Following are some facts which represent both stellar & Cardano equally

 

Ease of adoption by the masses

The rate, which a coin is being adopted by the masses affects and to a large extent, the price appreciation and growth of that coin. Though Cardano’s IOHK has made a step towards enabling fast adoption of this currency by securing essential partnerships with governments and leading institutions in various industries, Whereas, Stellar Lumens takes the title of easily adaptable cryptocurrency. The reason for this is, Stellar is used for cross-border payments and currently, their partnership with IBM is fast-tracking XLM’s adoption. Rest, XLM has also partnered with SatoshiPay, giving the Lumens an edge over ADA in terms of adoption.

 

 

Development of the projects

For development, Cardano stands at the first position since it boasts to a peer-to-peer review approach which is based on scientific philosophy. It has helped the Cardano become one of the most progressive projects in the crypto space. Simultaneously, Stellar has remained focused on enabling the acceptance of its cryptocurrency worldwide. On another 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 simple way of comparing Stellar Lumens and Cardano in price performance since they rank at position 8 and 7 respectively on CoinMarketCap. While Stellar Lumens has built up to make cross-border payments fast, reliable and affordable, Cardano is an open source Blockchain platform with a smart contract similar to Ethereum. Both cryptocurrency’s prices are almost at the same mark but in Stellar Lumens, it’s featuring slightly higher according to CoinMarketCap.

 

 

The versatility of the Blockchain

Cardano possesses of being more flexible from the two Blockchain projects simply because it offers smart contracts which allow anyone to build there own Blockchain applications on top of the Cardano network. And, Cardano comes up in its own wallet and features with unique proof of stake algorithm called Ouroboros. On another way, though Stellar Lumens is also an open source platform that allows anyone to build their own applications, it does not provide as much flexibility as Cardano.

 

 

Which one is better Cardano (ADA) and Stellar (XLM)?

Both of these currency platforms have almost the same objective for improving Blockchain’s capabilities. And each of them has a lot of competition to deal with also. Stellar own has proven to be a cryptocurrency worth watching, but when compared with Cardano, it is not that difficult to pick the ADA over XLM. Cardano offers inter-operability of crypto coins which shows a better growth chart than stellar and boasts a far larger market cap.

Altcoins

Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko

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There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these.

The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224.

 

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these:

 

CryptoCompare.com

Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014.

Founders: Charles Hayter & Vlad Cealicu

CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone.

 

CoinGecko.com

We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014.

Founders: TM Lee, Bobby Ong & others

CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use.

 

CoinMarketApp (Mobile Application)

When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move.

Download on Android

Download on iOS

Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry.

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Altcoins

Cryptocurrency Market Updates: Bitcoin May fall further

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The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

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Bitcoin Cash Hard fork screwed the whole cryptocurrency market

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Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

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