Cardano (ADA) vs Ripple (XRP)
On this page, you can compare Cardano (ADA) with Ripple (XRP). Which coin is better to buy now? What will be the better investment?
You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.
| Company |
Cardano coin (ADA) is a cryptocurrency launched in 2017. The currency is based on the Cardano network. The leader of the dev team is Charles Hoskinson, an experienced developer who worked for Ethereum and BitShares prior to the launch of Cardano. Cardano is the first cryptocurrency to use academically peer-reviewed open-source code, which makes this project quite unique. The consensus algorithm of Cardano is Proof-of-Stake. Cardano is usually praised for its high level of security and quick transactions. Cardano currency quickly gained value and became one of the top 10 cryptocurrencies by market capitalization.
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Ripple is a global payment protocol aimed to provide fast transactions and cheap payments internationally. The network uses a digital currency known as XRP (sometimes it’s referred to as Ripple). Unlike other cryptocurrencies Ripple is not aimed to replace banks, rather this project is created to improve the work of banks (including transactions between different banks) via blockchain solutions.
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| About |
Cardano coin (ADA) is a cryptocurrency launched in 2017. The currency is based on the Cardano network. The leader of the dev team is Charles Hoskinson, an experienced developer who worked for Ethereum and BitShares prior to the launch of Cardano. Cardano is the first cryptocurrency to use academically peer-reviewed open-source code, which makes this project quite unique. The consensus algorithm of Cardano is Proof-of-Stake. Cardano is usually praised for its high level of security and quick transactions. Cardano currency quickly gained value and became one of the top 10 cryptocurrencies by market capitalization.
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Ripple is a global payment protocol aimed to provide fast transactions and cheap payments internationally. The network uses a digital currency known as XRP (sometimes it’s referred to as Ripple). Unlike other cryptocurrencies Ripple is not aimed to replace banks, rather this project is created to improve the work of banks (including transactions between different banks) via blockchain solutions.
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| Type | Type coin | Type coin |
| Founding Date | Founding Date 2017 | Founding Date No data |
| Country | Country International | Country International |
| Languages | Languages No data | Languages No data |
| Team | Team Public | Team Public |
| Protocol | Protocol No data | Protocol No data |
| Current price (USD) | Current price (USD) 1.2210 | Current price (USD) 0.4750 |
| All-time high (USD) | All-time high (USD) 1.3300 | All-time high (USD) 3.8400 |
| Price change (24h) | Price change (24h) 20.89 | Price change (24h) 10.03 |
| Volume (24h) | Volume (24h) 288106477.02892 | Volume (24h) 123530481.98391 |
| Hashrate | Hashrate No data | Hashrate No data |
| Max Supply | Max Supply 45000000000.00000 | Max Supply 99999999999.99999 |
| Total supply | Total supply 45000000000.00000 | Total supply No data |
| Circulating Supply | Circulating Supply 31987713726.40839 | Circulating Supply 99990649380.00000 |
| Transaction speed / Block time | Transaction speed / Block time 50 | Transaction speed / Block time 1500 |
| Transaction fee | Transaction fee No data | Transaction fee No data |
| Mining profitability | Mining profitability No data | Mining profitability No data |
| Algorithm | Algorithm Ouroboros | Algorithm No data |
| Proof type | Proof type PoS | Proof type No data |
| Fully premined | Fully premined no | Fully premined No data |
| Smart contract address | Smart contract address No data | Smart contract address No data |
| Total coins mined | Total coins mined 25927070538.00000 | Total coins mined No data |
| Is trading | Is trading yes | Is trading No data |
| Block reward | Block reward 0.000000000000 | Block reward No data |
| Block time | Block time No data | Block time No data |
Social
Rating
| Cryptogeek user rating | Cryptogeek user rating 4.0 / 5 4 user reviews | Cryptogeek user rating 5.0 / 5 1 user review |
|---|---|---|
| Cryptogeek expert rating | Cryptogeek expert rating 3.8 / 5 | Cryptogeek expert rating 5.0 / 5 |
| Advantages | Advantages – | Advantages – |
| Disadvantages | Disadvantages – | Disadvantages – |
Cardano (ADA) user rating is 4.0, based on 4 user reviews. Ripple (XRP) user rating is 5.0, based on 1 user reviews.
We also calculate the special Cryptogeek Trustscore based on the characteristics of each coin.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
Choose other companies Cardano (ADA) features
At the moment Cardano (ADA) price is 1.221. Its 24h volume is 288,106,477.2892. 24h price change is 21.89.
Cardano (ADA) max supply is 45,000,000,000.0. The total supply is 45,000,000,000.0 and the circulating supply is 31,987,713,726.408.
Cardano (ADA) transaction speed/block time is 50. Block reward is 0.0.
At the moment the number of coins mined is 25,927,070,538.0.
Cardano (ADA) Cryptogeek user rating is 4.0, based on 4 user reviews.
Ripple (XRP) features
Ripple (XRP) price is 0.475. Its 24h volume is 123,530,482.98391. 24h price change is 10.3.
Ripple (XRP) max supply is 100,000,000,000.0. The circulating supply is 99,990,649,380.0.
Ripple (XRP) transaction speed/block time is 1500.
Ripple (XRP) Cryptogeek user rating is 5.0, based on 1 user reviews.
Some basic rules
When trading cryptocurrency, you should take into account the following rules:
Keep track of emotions
Put emotions aside and do not try to run after prices – the time will come and your token will go up. In a bull market, each asset has its finest hour.
Beware of hype
Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.
Study the topic yourself, taking into account other people’s opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market – these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players … However, it is possible that the whole thing is false news.
Don’t be taken in by false news
An important lesson: do not believe the news, study the topic yourself.
Apply investments diversification strategy and risk management
Diversification is one of the oldest and most important concepts for an investor. Here’s how to do it.
- Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
- An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
- High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).
Lesson: never put all your eggs in one basket.
Do not store tokens on exchanges
Lesson: while tokens are stored on the exchange, do not consider them as yours.
