I'm not sure the comparison is apt, although I see where you're coming from. As much as I like the project, it seems pretty clear that ADA is quite overvalued right now. But it's not pumping like crazy like XRB is... ADA is up ~7x in the last month, XRB is up ~125x during that time.
Also, the two coins are fundamentally different. XRB sells itself purely as a currency, while ADA doesn't even have the stated goal of being a currency. Cardano's entire purpose is to see what creating a blockchain using the scientific method looks like. It tries to identify and correct the technical issues faced by previous blockchains. It's really not trying to be a currency - Charles H has even stated in interview that one of the cool things he'd like to see come out of the project is a developer creating a volatility shielded currency on top of Cardano.
So to me, the long-term aspects of both coins are really not comparable. I ADA is currently overvalued a bit but as a 2019 pick I'm quite confident it's solid. Can't say I feel the same about XRB. If I had any I'd be selling them all pretty soon.
That's an interesting question but I don't think Cardano and Raiblocks are comparable. Cardano is a platform that others can build on, which would give it a gateway for adoption and would increase its value. Also, a lot of people like Cardano because of its academic philosophy. This legitimizes Cardano which can lead to more adoption. I can see an actual company finding merit in Cardano to the point of using their platform and investing in it. Just my opinion though!
You mention that Raiblocks is only listed on one exchange (Bitgrail). You also claim that it has no chance of long term survival due to lack of adoption.
Well both these issues go hand in hand.
There are TWO exchanges that are about to list Raiblocks: Binance and Kucoin
Once that happens, ADOPTION will GROW.
It's way too early to write off this coin.
If you like this post, and/or havent heard of Kucoin, please check it out and sign up on my link below, thank you:
I'm not sure the comparison is apt, although I see where you're coming from. As much as I like the project, it seems pretty clear that ADA is quite overvalued right now. But it's not pumping like crazy like XRB is... ADA is up ~7x in the last month, XRB is up ~125x during that time.
Also, the two coins are fundamentally different. XRB sells itself purely as a currency, while ADA doesn't even have the stated goal of being a currency. Cardano's entire purpose is to see what creating a blockchain using the scientific method looks like. It tries to identify and correct the technical issues faced by previous blockchains. It's really not trying to be a currency - Charles H has even stated in interview that one of the cool things he'd like to see come out of the project is a developer creating a volatility shielded currency on top of Cardano.
So to me, the long-term aspects of both coins are really not comparable. I ADA is currently overvalued a bit but as a 2019 pick I'm quite confident it's solid. Can't say I feel the same about XRB. If I had any I'd be selling them all pretty soon.
That's an interesting question but I don't think Cardano and Raiblocks are comparable. Cardano is a platform that others can build on, which would give it a gateway for adoption and would increase its value. Also, a lot of people like Cardano because of its academic philosophy. This legitimizes Cardano which can lead to more adoption. I can see an actual company finding merit in Cardano to the point of using their platform and investing in it. Just my opinion though!
Thanks. I’m pretty ‘green’ to crypto so always appreciate any clear takes on the overwhelming # of options out there.
You mention that Raiblocks is only listed on one exchange (Bitgrail). You also claim that it has no chance of long term survival due to lack of adoption.
Well both these issues go hand in hand.
There are TWO exchanges that are about to list Raiblocks: Binance and Kucoin
Once that happens, ADOPTION will GROW.
It's way too early to write off this coin.
If you like this post, and/or havent heard of Kucoin, please check it out and sign up on my link below, thank you:
Kucoin is rivaling Binance, but has a much better marketing and rewarding system.
Check it out. https://www.kucoin.com/#/?r=1c4xs