Coin Bureau explains on YouTube the advantages of Cardano compared to Ethereum and Polkadot.
Increase of 3,500 percent
In a new video In which the analyst, known as Guy, reveals his main cryptocurrency holdings, he tells his 653,000 followers that Cardano (ADA) makes up just under 8 percent of his portfolio. He says he started buying Cardano last summer. Then the currency was 0.08 dollar, now it is during this one altseason increased to 1.27 USD, or a growth of more than 3,500 percent.
Hedge against Ethereum
Coin Bureau explains that it has invested in Cardano as a hedge in case Ethereum fails to live up to its high expectations. Cardano announced earlier this week that smart contracts would be operational in August, theoretically putting it in second place to Ethereum among blockchains, Guy said.
“Like Polkadot (DOT), I see Cardano primarily as a hedge in case something goes wrong with Ethereum… I’m a big fan of Cardano’s peer review approach to research and development. I have a feeling that Cardano will execute smart contracts much earlier than Polkadot, which would theoretically make it the next second behind Ethereum.
More developers at Polkadot
Guy adds that while there isn’t a large pool of developers showing an interest in developing on the Cardano blockchain, the Cardano community is strong. He also says that a majority of ADA tokens in the market are locked in liquidity pools, which means that they cannot currently be sold in the open market.
The problem is that Cardano doesn’t have nearly as many developers eager to work on its blockchain as Polkadot. More importantly, Cardano is unable to test smart contract functionality in a real-world setting the way Polkadot can with Kusama (KSM). ‘
Community of Cardano is a big advantage
He discusses the great advantage of Cardano:
A big advantage that Cardano has over Polkadot, and most other cryptocurrencies, is the size and commitment of the Cardano community. Some of my most watched videos are about Cardano, and Charles Hoskinson’s YouTube channel seems to be growing even faster than mine. ‘
In addition, he thinks it is an advantage that many ADA are trapped in strike pools, which is good for the course of ADA.
More than 60% of all ADA in circulation is also deployed in nearly 2,500 pools. Cardano may not have as many dApps waiting to be deployed as Polkadot, but there are probably millions of people ready to use them. “
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