Cardano (ADA) and Stellar Lumens (XLM) are two exciting projects with a lot of potentials to increase its mainstream adoption. But which one is better? Stellar Lumens might not have all the hype in the market, but it is categorically an attractive project in the blockchain ecosystem.
Stellar Lumens is currently at the number 8 position on the list top digital currency based on market cap. Also, Cardano doesn’t have much hype, but its popularity and value have increased in the last couple of months, and its currently sitting at the number 7 position on the market.
Summary of Stellar Lumens
Basically, Stellar Lumens is a digital currency platform that seeks to leverage its platform to connect payment provider, banks, and individuals across the globe. It is simply a platform for cross-border payments and it aims at revolutionizing the unbanked world.
Stellar Price Today: Current Price of XLM
Stellar Lumens is currently trading at 29 cents, and its market cap is about $5.4 billion.
Cardano Price Today: Current Price of ADA
The present trading value of Cardano is 21 cents with a market cap of $5.5 billion – slightly above that of Stellar Lumens.
Stellar Has More Adoption than Cardano
The rate at which XLM is being accepted and adopted worldwide exceeds that of ADA. Even though Emurgo and IOHK have partnered with the platform, stellar is the boss when it comes to global adoption. Stellar Lumens is already being used for cross-border payment, and it’s also being used to pay for services.
The Versatility of Stellar Lumens
Cardano (ADA) is a third-generation blockchain protocol created to provide a framework for decentralized applications and smart contracts. But it encounters some strong rivalry from the likes of Wave, NEO, EOS, and Ethereum. Stellar also faces the same rivalry from Ripple.
Nevertheless, the built-in distributed exchange of stellar gives it an edge. The SDEX lets users buy and sell digital currencies just like it is done on normal exchanges. This makes it more advantageous and versatile than its rivals.