what is the best crypto to earn in the long term? The game ! – The ₿log

Cardano and Ripple could help boost your portfolio, but which one to choose?

Are you looking for an asset class capable of generating explosive returns? Look no further than cryptocurrencies. Although the market has seen some weakness recently, it has always been able to bounce back from similar declines in the past. Let’s take a look at why Cardano (ADA -0.74%) and Ripple (XRP 0.44%) could contribute to the resurgence of the sector over the long term.

Cardano (ADA)

Blockchain technology is evolving rapidly. And cryptos that stand the test of time must constantly improve to stay in the game — that’s where Cardano shines. The platform’s track record of successful updates and ambitious long-term goals make it a great choice for investors.
Cardano developers use a step-by-step strategy instead of trying to do everything at once. In the first two stages (called Byron and Shelley), the team launched Cardano and implemented its Ouroboros transaction verification mechanism – a proof-of-stake system in which miners update the ledger using the parts they own. In the third phase, Goguen, Cardano enabled smart contracts, which are self-executing programs stored on the blockchain.

Smart contracts are the foundation of decentralized applications, which extend blockchain use cases to things like decentralized exchanges and digital art marketplaces. But Cardano is just getting started.

According to its development roadmap, Cardano’s next development phase, Basho, will focus on scalability. It is not yet known when it will be implemented, but it could introduce technologies like Hydra, designed to divide the blockchain into several parts in order to avoid bottlenecks. These changes could increase Cardano’s processing capacity from 250 transactions per second currently at one million. But the developers stress that one million is an “ambitious” goal and that they plan to scale Cardano based on demand.

Ripple (XRP)

Many cryptocurrencies claim to have real-world benefits. But Ripple has made significant progress in making this goal a reality through its international payments solution, RippleNet. The widespread adoption of the asset and the large addressable market could create massive value for investors.

According to Research and Markets, the global digital money transfer industry could grow at a compound annual growth rate (CAGR) of 13.3% to reach $42.5 billion by 2028 as globalization increases the need to transfer money across borders. The opportunity is huge, and Ripple can capture some of it with its low transaction fees and lightning-fast processing times.

The platform can process a transaction in just three to five seconds for a fee of 0.0001 XRP token (each XRP is worth $0.81, which is just a fraction of a cent).

Ripple is distinguished from other cryptocurrencies by its real-world partnerships. Ripple operates a corporate blockchain network called RippleNet, which is designed to help businesses transfer money. RippleNet has partnered with more than 100 mainstream financial institutions, including multinational credit card company American Express. Its mainstream adoption is an impressive vote of confidence in developer technology.

The Ripple Foundation is currently waging a legal battle to re-enter the US market. Investors need to keep an eye on this high profile battle, but RippleNet continues to do good business in overseas markets.

Cardano VS Ripple: Which is the best investment?

People looking to invest in crypto in 2022 may already have plans to include Cardano and/or Ripple in their portfolio. Also, both tokens have great potential.

Whether to invest in Cardano or buy Ripple in 2022 will inevitably depend on your investment goals. Plus, there’s no reason to choose one over the other. But to compare Cardano and Ripple, there are a few key parameters.

Also, there are indicators that we can use to differentiate the two with respect to the investment opportunity.

First, cryptocurrency price predictions are usually based on technical analysis of historical price action. Second, we can then see the predictions made by some of the leading platforms in the industry. Third, expert reviews can be a great avenue for gaining additional insight and gauging the general public’s desire for a particular cryptocurrency.

Cardano vs Ripple: Price History

If you are looking to invest in Cardano, you may know that its price is somewhat different than many other altcoins.

ADA very quickly achieved equity with the US dollar in the first few months of its trading life. Incidentally, it reached its all-time high of $1.18, in January 2018. However, this peak proved to be short-lived and ADA quickly tumbled to less than $0.10 per token – ending the run. year at around $0.03.

ADA kept a low profile and did not break above $0.10 until the summer of 2020. Also, ADA then took a turn at the end of the year as there was a rush to invest in it. In addition, prices soared by more than 500% until reaching $0.92 at the end of January 2021.

On the other hand, Ripple reached its all-time high on January 04, 2018. Its value reached over $0.40 per coin during the month of January 2021, twice as much as in December. The price of Ripple has been below a dollar per coin for over a year, with little indication of an increase.

Recently, XRP showed bullish feelings. Notably, the price of XRP surged to its 16-month highs, registering the highest price mark since July 2019. Moreover, the push towards a new yearly high reveals the likelihood of a new uptrend.

Cardano vs Ripple: Future Price Prediction

Cardano (ADA) Forecast

ADA has an outstanding reserve of 31.9 billion and a maximum reserve of 40 billion. According to CoinGeckothe price of ADA is $1.14 with a 24-hour trading volume of $1.8 billion, at the time of writing.

According to a short-term ADA crypto price prediction by CoinCodex, it could increase by about 3% to reach $1.25 by April 3.

Meanwhile, several algorithm-based forecasting services gave long-term bullish predictions on the cardano as of March 29:

The ADA coin price prediction is estimated that the average price of ADA would reach $2.24 in 12 months. Its five-year ADA/USD forecast suggests that ADA could hit $6.39 by March 2027.

According to the ADA forecast of DigitalCoinPricecardano cryptocurrency could reach an average price of $1.58 in 2022, $1.78 in 2023, $1.94 in 2024, $2.44 in 2025, $2.19 in 2026, 2.77 $ in 2027, $3.85 in 2028, $4.97 in 2029, $5.55 in 2030 and $6.39 in 2031.

If the uptrend continues, ADA may rise above its all-time high price (ATH) of $1.48. On the other hand, if investors oppose the cryptocurrency, the bears could take over. In this case, the price of ADA could drop to almost $0.6, a bearish signal.

Ripple (XRP) forecast

According to CoinGecko, the price of XRP is at $0.82 with a 24-hour trading volume of $3.56 billion, at the time of writing. Furthermore, XRP has a circulating supply of 48.1 billion and a maximum supply of 100 billion.

The prediction of MirrorMag regarding the price of XRP in 2022 estimates that the average price of XRP could reach $1.14 this year.

The site also predicts that the value of the XRP coin could increase to $1.34 in 2023. In the long term, MirrorMag claims that the average value of XRP could reach $1.67 in 2025 and $3.51 in 2029.

If all goes well, XRP may also break its price cap of $3.84. On the other hand, if investors oppose the cryptocurrency, the bears could take over. The price of XRP could then drop to near $0.24, a bearish signal.

Conclusion

So is Cardano a better investment than Ripple?

It is difficult to decide when comparing Cardano and Ripple as a potential investment. Whereas Cardano is more established and has a higher price. Moreover, history shows us that it is not immune to sudden price drops.

Those looking to invest in Cardano are also able to secure a much larger stake. Indeed, the tokens are currently barely trading at the price of a single US dollar. In the end, the investment growth is estimated as a percentage. Also, both coins are expected to perform well throughout 2022.

Whether you choose to invest in Cardano or buy Ripple in 2022, it is important to manage your expectations. Both coins saw sudden and sustained price declines. Additionally, the cryptocurrency market is notoriously volatile. In the end, the final decision rests with the investors.



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