BOSTON, Mass. – Two cryptocurrencies have been making headlines during the past month. Due to these, Cardano (ADA) and Verge (XVG) have put itself in the limelight of the crypto community.
In spite of Cardano and Verge’s differences in the way they handle their respective blockchains, people have not been hesitant when it comes to comparing them. As a result of the headlines surrounding Cardano and Verge, both new and experienced speculators in the crypto world are wondering which between the two to support.
It is worth noting that both currencies are barely in their infancy stages and it is still a coin toss anticipating which cryptocurrency will have a brighter future. However, breaking down the rivalry between Cardano (ADA) and Verge (XVG) could paint a clearer picture.
Cardano: The Big Brother
Based on analytics, ADA is the superior coin today, as it ranks 7th in the market as opposed to XVG’s spot at 22. This is largely due to Cardano’s whopping market cap of 7 billion USD and its lower transaction fees and simplicity at creating applications.
Cardano has yet to release their own brand product, but the platform does let developers and users create smart apps and contracts with the use of different coding languages. This has been met with the approval of financial institutions and organizations because of the ease and quickness of securing transactions.
Cardano backers have plenty to look forward to as its momentum should carry it forward, and the imminent Shelly release should be a major launch point.
Verge: The Surging Underdog
Verge, however, has a solid investor base. It is also evident from the surprising speed and ease with which they raised funds of 75 million to secure a major partnership that XVG has plenty of potential for future growth. The mystery partnership, which is set to be announced, should be Verge’s metaphorical launch pad in catapulting them to newer heights.
Verge prides itself in providing users with unmatched transaction privacy, and in this sentiment they do provide better service when it comes to keeping clients incognito.
Despite Verge only trading at $0.0700, as opposed to Cardano’s $0.24, a major turn of events could prove to be beneficial for the both of them. When its collaboration with the mystery partner transpires, it’d be likely for XVG to be on top, breaking the Cardano (ADA) and Verge (XVG) rivalry.