There are over 4,000 cryptocurrencies already in circulation with new ones being created everyday. While Bitcoin and Ethereum continue to take the lead in the market, they have become too expensive and too volatile for the average investors to invest in and this increases the risks. People now prefer digital currencies that are cheap and stable to mitigate the risks attached to trading. Two of the most common options are Cardano (ADA) and EOS
Which Cryptocurrency Should You Invest In, Cardano (ADA) or EOS?
EOS and Cardano are two cryptocurrencies that are struggling to take over Ethereum. While the road to overtaking Ethereum is far, it’s important to know which one of these two make the best investment option.
EOS Price Today / USD
On one hand, EOS is the fifth largest cryptocurrency per market capitalization and it was trading around the $10 mark at the time this piece was written. EOS is still transitioning as the ERC20 to its Mainnet. While there has been a lot of skepticism surrounding EOS in the past, people are beginning to have a little more fate in the project although the bugs and glitches in the Mainnet haven’t been encouraging. The platform is just like Ethereum making it a good option.
Cardano (ADA) Price Today / USD
On the other hand, Cardano (ADA) is another new cryptocurrency. It is currently occupying the 8th position per market capitalization. The price is around $0.163766, and it has maintained stability a great deal compared to other coins. Over the last six months, it has been more stable than any other cryptocurrency in the market even if it’s value dropped during the bearish wave in January.
Both cryptocurrencies have shown promise in the few years that they’ve been in existence, and they have a lot of case uses when compared to some other coins. You can share your capital in two and invest in both coins. Diversifying your portfolio is a good way to mitigate risks.