[ad_1]
At the same time, the entire crypto market is heavily tied to Bitcoin (BTC). As such, when it gains, the entire market gains too. The reverse also holds true. However, in certain positions, certain altcoins may be higher than others. It's the same thing that makes the highest gains in the short-term. One such comparison is between XRP (XRP) and Cardano (ADA).
Cardano (ADA) has better prospects in the short-term, especially in this quarter and possibly in Q2 as well.
One of the factors that place Cardano (ADA) in a better position in the short-term is the strength of its news. The biggest Cardano news this quarter is the Shelley release. Already, hype around Shelley is building up, as the IOHK team gives constant updates about the progress they have made so far.
Once it is released, the excitement can create Cardano (ADA) double digit growth for weeks. If it happens at a time when Bitcoin is bullish, the gains could be quite high. There is also the possibility that Coinbase could list Cardano (ADA) after the mainnet. Cardano (ADA) is one of the cryptos that Coinbase announced they would be listing. Though there is no specific date, it could possibly be after Shelley two to the decentralization aspect that Shelley brings to Cardano. This could further boost the price of Cardan (ADA) for a good part of 2019.
XRP (XRP) is a bad investment this quarter. If Bitcoin (BTC) gains momentum at some point in this quarter, XRP could deliver strong results as well. Momentum is unlikely to be from XRP specific news. All through 2018, and up to this point, good news have not had much impact on the price. Uncer tainty around this crypto.
This is a cryptocurrency that is heavily focused on the banking industry through its connection to ripple. While this is a high potential market, it also happens to be one of the most regulated. As such, if there is regulatory clarity around its status, it is unlikely to be adopted at scale. That's especially in the key markets for the banking industry such as the U.S. In essence, an investment in XRP (XRP) at this point could be driven more by Bitcoin's price action.
Long-term,
both cryptos offer good growth prospects.
Cardano (ADA) is likely to grow
exponentially as it becomes the platform of choice for launching applications.
It's a strong focus on developing the world
demand, since there is a gap in that market for financial services. On its
part, XRP stands in a good position to grow once there is regulatory clarity
around it. It has massive potential as a settlement for the banking
industry, in cross-border payments.
