Shiba Inu vs Cardano: Which Investment Is Better?
2022.04.15 21:21
Shiba Inu vs Cardano: Which Investment Is Better?
- Cardano and Shiba Inu both maintain top 15 crypto rankings.
- Both altcoins have a market capitalization of over $20 billion.
- Shiba Inu and Cardano networks have a great future ahead in the blockchain space.
Cardano and Shiba Inu are among the hottest crypto networks in the cryptoverse. However, these altcoins are very competitive regarding market reach and blockchain developments. At the time of writing, both crypto made it in the top 15 CoinGecko market rankings. These achievements of the crypto led investors in and outside of the space to debate over which crypto is the best.
Source: CoinGecko
During the past weeks, Shiba Inu has been rocking the crypto space with its NFT and metaverse technology. In detail, Shiba Inu partners with Haute couture brand John Richmond. As a result, The Legends Live Forever campaign by John Richmond is set to launch 10,000 NFTs in their physical versions.
Furthermore, Bitcoin of America (BTM), a major BTC ATM operator in the United States, welcomed Shiba Inu into its platform. Hence, fans and investors alike of the crypto can now transact Shiba Inu in over 1800 BTM across the United States.
The achievements mentioned above are just some of Shiba Inu’s achievements lately. It has helped the crypto on its rally against the current bearish market. At press time, Shiba Inu (SHIB) trades at a decent price of $0.00002599 with a huge market cap of more than $14.2 billion.
On the other hand, Cardano (ADA) stands strong against the bloody market with its huge market capitalization of over $30 billion. This market performance of crypto is due to its aggressive technology development in the space. Specifically, the IOHK and the Cardano development team are working on creating the Vasil hard fork. As per Hoskinson, the hard fork upgrade will bring massive performance improvement to Cardano.
Despite the market dip nowadays, Cardano continues to grow its community. Interestingly, the network has over 3.2 million active wallets around the world. This huge volume of wallets is proof that Cardano continues to gain investors’ favor globally. Recently, the price of Cardano trades over $.9 per crypto with a 24-hour trading volume of almost $800 million.
Nevertheless, both crypto assets show potential in terms of blockchain development. Hence, it is up for the traders and investors what to pick. However, it is recommended to first study cryptocurrency prior to investing into it to avoid losses that cannot be recovered.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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