Photo by Hao Wen on Unsplash Origin: The Cardano (ADA) vs Ethereum (ETH) argument is common in the cryptocurrency space for a good reason: both networks offer similar features and investors believe that their preferred coin is the best to buy. , co-founder of Ethereum began the development of Cardano in 2015. However, it was not until 2017 that the open-source, blockchain-based network and cryptocurrency-based asset was launched. Charles Hoskinson is an older platform: The white paper was released in 2013 by Canadian-Russian . Ethereum Vitalik Buterin Alongside some co-founders, he organized a fundraiser, and in 2015, Ethereum, the second most popular cryptocurrency platform after Bitcoin was launched. Crypto Pumps As of the 15th of September 2021, Coindesk reported the to be $3,536.56 and the to be $2.52. price of ETH price of ADA The prices of Ethereum and Cardano are far apart, but both coins have had significant price rises that resulted in profits for crypto investors and traders. In February 2021, Cardano recorded a surge despite the dips that some other coins like Bitcoin and Ethereum faced. The token rose by 2633% since last year and then was to be the third-largest cryptocurrency by capitalization. reported Early September 2021 saw a in Ethereum with the token being priced at $3789. From a price of $1700 in late June, ETH rose to become one of the most profitable coins: the NFT surge was a major contributing factor. massive rise Dips One thing that makes cryptocurrency interesting is that the prices of coins rise and fall: and not-so-great periods for traders who need to sell their coins for a profit. dips are great periods for buyers who want to hold the coin In late July 2021, Ethereum was at between $1700 to $1750: the dip was associated with a fall in Bitcoin that left its price in the $30000s. It was a perfect time for bulls to buy, and they bought ETH. priced August 2021 saw Cardano dip to as low as $1.87, way below the normal $2 margin. This time this was due to market changes: traders bought more ADA and the price continued to rise. dip Stability A strong factor that determines the willingness of cryptocurrency investors to invest is coin stability. You would not want to put 1000 dollars in crypto and end up with $2.50 after some weeks. Although Ethereum is volatile, it is more compared to Bitcoin. Dips in ETH are usually following the dips in BTC: However, dips in ETH are relative to a lower percentage. stable Cardano on the other hand has seen many price : The coin still does well because of the good staking model and the lower barriers for staking. This keeps ADA at a strong place in the crypto market. changes Price Prediction In the Cardano vs. Ethereum argument it is important to know that comparatively, Cardano is cheaper than Ethereum in terms of price. Ethereum is the second most popular cryptocurrency with a market capitalization of over $400 billion; It is commonly that the coin could reach $10,000 in the next few years. speculated According to , Ethereum is billed to be at $3,435 in September, then dip to below $3000 in November and December, and reach a whopping $10,185 in April of 2023. Long Forecast Cardano has shown huge , up by 1600% from last year: it is one of the most talked-about tokens in the crypto space, and rumors say ADA may reach $8 Soon. potential sees Cardano at $2.77 in September, dipping to below $2 until June of 2022 and rising steadily to reach $3.80 in April 2023. Long Forecast Popularity Ethereum is the second most popular cryptocurrency: DeFi and NFTs make ETH more widely used as a crypto asset all over the world. In June 2021, Coinbase that ETH was the most used cryptocurrency on their website. Ethereum also took up 26% of the trading volume as compared to 24% for Bitcoin. reported Cardano is to be the third-largest cryptocurrency in the marketplace. The Alonzo upgrade is the key to bringing smart chain functionality to this blockchain, establishing ADA in DeFi. reported Cardano's is likely to increase: the proof of stake method, lower energy consumption, and the cheaper price is likely to attract more crypto enthusiasts. popularity My Opinion Final Thoughts: As someone who believes in the future of cryptocurrency, I find the Cardano vs. Ethereum argument very interesting. I have read different opinions on the matter and I must say that the prospects for Cardano are quite high, but I do not see the coin beating Ethereum at price. People who want small investments in cryptocurrency might find Ethereum overwhelming, even though it is more popular. Buying $50 worth of ADA seems more likely than $50 of ETH, considering gas fees and crypto purchase restrictions. In my opinion, if you want to buy a coin for long-term purposes, Ethereum is the way to go. On the other hand, if you want a cheaper coin to sell when you are strapped for cash, buy Cardano. In your decision-making, do your market research and do not borrow to invest or make an investment you cannot afford to lose. Disclaimer: All opinions shared in this article are that of the author and they do not count as investment advice.

Cardano

Chain

Alongside

Coinbase

fees

What is Bad Debt? 

Eye Strain Headaches: What To Do When Your Eyes and Your Head Hurt

Let's work together🤗

2021 - HackerNoon Contributor of the Year - INVESTMENT

Portfolio

Hire Me

2021 - Health & Wellness Content Creator of The Year

Nominated for 2022 - HackerNoon Contributor of the Year - Internet

Nominated for 2022 - HackerNoon Contributor of the Year - Facebook

Nominated for 2022 - HackerNoon Contributor of the Year - Covid19

Nominated for 2022 - HackerNoon Contributor of the Year - Healthcare

Nominated for 2022 - HackerNoon Contributor of the Year - Iot

Too Long; Didn't Read

Cardano vs. Ethereum: May the Best Blockchain win

Cardano vs. Ethereum: May the Best Blockchain win

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

4 Largest Crypto Wallet Hacks in the History of Blockchain

A Guide to Liquid Staking Tokens

All You Need to Know About Investing in Metaverse Real Estate

An Algorithm may be the Solution to ETH's High Gas Fees

Blooprint: A Look at the New Ethereum Launchpad Giving $100k To Founders

4 Largest Crypto Wallet Hacks in the History of Blockchain

A Guide to Liquid Staking Tokens

All You Need to Know About Investing in Metaverse Real Estate

An Algorithm may be the Solution to ETH's High Gas Fees

Blooprint: A Look at the New Ethereum Launchpad Giving $100k To Founders

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps