Choosing the best investment projects for your portfolio can be a daunting task especially since most Blockchain projects are built with unclear objectives and roadmaps. Granted, there are some Blockchain projects that are changing world industries by introducing Blockchain’s capacity for interoperability, immutability, and transparency. However, how do you settle on the most promising projects to make sure you make a return on investment? Well, Cardano and Stellar Lumens are some of the most promising but mostly overlooked cryptocurrency projects. Plus they are fundamentally different with potential for growth in the coming years. Here is a comparison of what each of the projects offers.
Ease of Adoption by the masses
The rate at which a coin is being adopted by the masses affects (to a large extent) the price appreciation and growth of that coin. Although Cardano’s IOHK has made strides towards enabling fast adoption by securing essential partnerships with governments and leading institutions in various industries, Stellar Lumens takes home the title of easily adaptable cryptocurrency. The reason for this is simple. Stellar Lumens is used for cross-border payments and currently, their partnership with IBM is fast-tracking XLM’s adoption. Furthermore, XLM has also partnered with Register and SatoshiPay, giving the Lumens an edge over ADA in terms of adoption.
Development of the project
In terms of platform development, Cardano takes the first position since it boasts of a peer to peer review approach that is based on scientific philosophy. This has helped the Cardano Blockchain become one of the most progressive projects in the crypto space. Meanwhile, Stellar has remained focused on enabling the acceptance of its cryptocurrency worldwide. On the flip 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 easy way to compare Stellar Lumens and Cardano in terms of price performance since they rank at position 8 and 7 respectively on CoinMarketCap. While Stellar Lumens is built to make cross-border payments fast, reliable and affordable, Cardano is an open source Blockchain platform with smart contracts similar to what Ethereum offers. Both cryptocurrencies are priced almost at the same price mark with Stellar Lumens featuring slightly higher price according to CoinMarketCap as of this writing.
The versatility of the Blockchain
Cardano boasts of being the more versatile of the two Blockchain projects simply because it offers smart contracts that allow anyone to build their own Blockchain applications on top of the Cardano Blockchain network. Plus, Cardano comes with its own wallet and features a unique proof of stake algorithm called Ouroboros. On the other hand, although Stellar Lumens is also an open source platform that allows anyone to build their own applications, it does not provide as much versatility as Cardano
Both Stellar Lumens and Cardano (even with a unique set of features) have the same objective of improving Blockchain’s capabilities. Each of them has a lot of competition to deal with as well. For instance, Cardano’s main competition includes Ethereum, NEO, and EOS while Stellar Lumen’s main competitor is Ripple. Basically, both projects are promising, but it’s always recommended to do your own due diligence before diving in to invest.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full .
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