When looking to make investments in any financial project whether on an individual level or within a group it is always important to get it right with your selection. This is due to the fickle nature of financial markets in general and blockchain market is the trickiest of them all.
Hodling the right coin is a particularly difficult task as most of the blockchain projects are based on an unclear premise which has brought scepticism in the mainstream market. However, there are some blockchain projects that have shown the capacity to revamp the financial system.
Cardano (ADA) and Stellar Lumen (XLM) are two of such projects which has managed to introduce different concepts on using blockchain to affect interoperability, transparency and efficacy of transactions within their networks.
Cardano (ADA) And Stellar Lumen (XLM) Have Taken Different Approaches Towards Adoption
Cardano (ADA) uses a peer-to-peer method which has boosted its development as one of the most progressive platforms within the crypto community. This approach has seen Cardano come up with different sub-projects with the blockchain recently announcing its plan to open a blockchain learning institute for developers in India.
Stellar Lumen (XLM) on the other hand is more focused on enabling faster payment solutions on its network. This has led to quicker adoption of the blockchain by financial organization in line with its vision of enabling acceptance of its digitoken across the world.
Both Coins Have Shown Versatility Within Their Network
In terms of flexibility, both coins have their strengths but Cardano is the more versatile blockchain as it offers smart contracts features. This smart contract enables developers to build blockchain applications on the Cardano network.
Cardano wallet Ouroboros has also been commended by many in the crypto space due to its functionality and ease of use. Stellar Lumens, on the other hand, is an open source blockchain platform an offers lesser room than Cardano. But the coin has been able to boast of listings on top exchanges in recent months.
Stellar Lumen (XLM) and Cardano (ADA) Price Analysis
Stellar Lumen (XLM) is currently the higher ranked coin currently sitting 8 positions in terms of marketcap while Cardano (ADA) lies at no 10. Both coins have shown their capacity to make positive moves in the crypto market.
Stellar continues to make gains in terms of adoption as a cross-border payment platform. Cardano is also building a reputation as a top blockchain platform reminiscent of Ethereum.
It is fair to say that there is a lot to come from both projects and we recommend that you hodl the coin ahead of the second quarter of the year.