Cardano (ADA) vs Ripple (XRP) Comparison: Which One is Better?

Bittime - Cardano (ADA) and Ripple (XRP) are two large cryptocurrencies with unique characteristics. Discover the full comparison between ADA coin and XRP coin, as well as their market capitalization.

Cardano (ADA) and Ripple (XRP) are two blockchain projects that are often compared by crypto investors. Although they have different visions and functions, both have taken center stage in the crypto world.

This article will discuss the comparison between the ADA coin and the XRP coin, including the journey of their market capitalization and the factors that differentiate the two.

History of Cardano (ADA) and Ripple (XRP)

Ripple (XRP) was launched in 2013 as a cross-border payment solution. It was designed to speed up and reduce the cost of international transactions by using blockchain technology.

Cardano (ADA), released in 2017, is a blockchain platform that focuses on developing decentralized applications (dApps) and smart contracts with an academic research-based approach.

Despite XRP's earlier presence in the market, Cardano has shown significant growth in recent years.

Also read: Here's Why $XRP Price Could Break $1 Since Last November 2021

Market Capitalization: Cardano vs Ripple

Last Five Years Performance

2019:

- XRP market cap: $11.63 billion

- ADA market cap: $1.38 billion

XRP has a huge lead over ADA by more than $10 billion.

2020:

- XRP grew 4% to $12.1 billion.

- ADA shot up 143% to $3.24 billion, although it still lagged $8.86 billion behind XRP.

2021 (Bullish Year):

- XRP reaches a market capitalization of $55.9 billion.

- ADA outperforms XRP with $65.4 billion, becoming the best year ever for the ADA coin.

2022 (Bear Market):

- XRP outperforms ADA again with a market cap of $18.9 billion vs $11.6 billion

- FTX collapse and negative sentiment pressured the prices of both coins.

2023-2024:

- In 2024, XRP remains in the lead with a market capitalization of $47 billion.

- ADA grows to $21.8 billion, but still lags far behind.

Advantages of ADA Coin and XRP Coin

Cardano (ADA):

- Technology Focus: Offers a research-based approach and scalability.

- DApps ecosystem: Supports the development of decentralized applications.

Ripple (XRP):

- Transaction Speed: Designed for fast and efficient cross-border transfers.

- Global Partnerships: Widely used by large financial institutions.

Which is Better for Investment?

Choosing between Cardano (ADA) and Ripple (XRP) depends on your investment goals:

- Choose ADA if you believe in the long-term development potential of blockchain.

- Choose XRP if you focus on institutional adoption and cross-border payments.

Both ADA coins and XRP coins have their own uniqueness and appeal. By understanding their strengths and weaknesses, you can make smarter investment decisions.

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