The financial world was shaken in 2020, and many well-known industry experts were surprised at how well the cryptocurrency market weathered the COVID storm.
In fact, when faith in the traditional economy was shaken, many investment funds and large corporations began to look for opportunities to invest in Ethereum, Bitcoin, Cardano, and the like to hedge against uncertainty in the future.
•It is difficult to determine a clear winner considering Cardano vs Ethereum as an investment potential.
•Ethereum is the serious reason Cardano’s price is on the rise.
•Cardano can be obtained for relatively little cost.
Is Cardano a Better Investment Than Ethereum?
It is difficult to determine a clear winner considering Cardano vs Ethereum as an investment potential. Although Ethereum is much more established and has a much higher price tag, history shows us that it is not immune to sudden price drops.
Those looking to invest in Cardano can also get a much larger package. Ultimately, investment growth is measured as a percentage, and both coins are projected to perform well throughout 2021.
Whether you decide to invest in Cardano or buy Ethereum in 2021, it is important to manage your expectations. Both coins have experienced a sudden and steady drop in prices, and the cryptocurrency market is notoriously volatile – although it is currently gaining momentum, there is no guarantee it will last long.
In the end, the final decision is yours. What kind of investor do you want to be? Which technology excites you more? And which is currently the most underrated?
Ethereum Vs Cardano: Is it Worth Investing in Cardano or Ethereum?
The choice of whether to invest in Ethereum or buy Cardano in 2021 will inevitably depend on your investment goals. Of course, there is no reason to choose one of them, but for comparing Cardano and Ethereum, there are several key metrics and indicators that we can use to distinguish between the two in terms of investment opportunities.
First of all, cryptocurrency price predictions are usually based on a technical analysis of the historical price movement. By examining this, we should be able to see the predictions made by some of the leading platforms in the industry.
Finally, expert opinion can be a great way to gather additional information and gauge the massive interest in a particular cryptocurrency.
Ethereum Vs Cardano: Price History
Looking at the price history of Ethereum and Cardano, we see two very different pictures. The previous price movement cannot tell us exactly which cryptocurrency to invest in in 2021, but it may give us a chance to form more realistic expectations about the potential of each coin.
There is not much to write about the dynamics of prices of Ethereum in the first or two years of its existence. Until January 2017, prices did not rise much when Ether was trading at around $10.
As with Bitcoin in the early days, there was some delay before Ethereum’s potential began to be seen. However, by January 2018, ETH had skyrocketed to a record high of nearly $1,400. But over the next few months, the situation with ETH was less stable, and at some point, prices fell to $ 85.
Suffice it to say that things continued for Ethereum, with the altcoin battling the $ 250 barrier for over a year. However, ETH has improved in 2020, and at the time of writing, it looks like it has dealt well with the COVID storm, hitting a new high of $1,773.33.
SEE ALSO: Is Polkadot Better Than Cardano?
If you are looking to invest in Cardano, you may already know that its price trajectory is somewhat different from that of many other altcoins.
The ADA very quickly reached parity with the US dollar during the first few months of its trading life cycle and hit an all-time high of US $1.18 in January 2018. However, the surge was short-lived and Cardano quickly dropped to less than $ 0.10 per token at the end of the year around $ 0.03.
Cardano remained low-key and did not peak above $ 0.10 until the summer of 2020 – shortly after the COVID pandemic broke out. It seemed that by the end of the year, ADA had decided to take a bend, as there was a growing desire to invest in Cardano.
Prices skyrocketed by more than 500% to reach $ 0.92 by the end of January 2021.
SEE ALSO: Top 11 Best Cardano (ADA) Wallets for Staking & Storage
Cardano Vs Ethereum: What the Experts Say
The opinions of important experts in the financial industry can tell us a lot about investor appetites for a particular cryptocurrency, and in some cases, it may even be enough to raise prices on their own.
Those looking to invest in Ethereum in the coming months don’t have to look far to find the support of key commentators. For example, Messari CEO Ryan Selkis recently said that while Bitcoin’s performance was impressive, “Ethereum was the most important cryptocurrency platform, one that could power a whole new financial system and a more open, sustainable Internet.”
Simon Dedic, co-founder of Blockfyre and managing partner of Moonrock Capital, predicted that Ethereum will eventually reach a staggering $ 9,000 per token.
There are fewer clear predictions for Cardano, but Altcoin Daily host and crypto-trader Austin Arnold have expressed his support for the latest Goguen Mary update, citing it as “a serious reason Cardano’s price is on the rise.”
SEE ALSO: 5 Important Hard Fork Changes to Cardano ADA
Frequently Asked Questions (FAQ)
1. How to choose between Ethereum and Cardano?
Many potential investors start by comparing cryptocurrencies to decide which one best suits their portfolio goals. However, when comparing Ethereum and Cardano, you run the risk of missing out on one after the other, when in fact they both represent many opportunities within a diversified portfolio.
While Ethereum may be the more established of the two, a much larger volume of Cardano can be obtained for relatively little cost.
2. Where to buy Cardano in 2021?
Cardano is regularly ranked among the top cryptocurrencies in terms of market capitalization, but there are some exchanges, including Coinbase, that do not list the token.
If you are looking to buy Cardano in 2021, we recommend using eToro. The platform does not exclude any of the major tokens and provides quick and easy access to the markets.
3. Which cryptocurrencies are the best to invest in in 2021?
Choosing to invest in cryptocurrency in 2021 may turn out to be a very smart move as the market is expected to grow exponentially. However, the outlook for some coins is better than others.
Coins such as Bitcoin, Ethereum, Cardano, and Litecoin are relatively “safe bets,” while any coins outside the top ten in terms of market capitalization carry significantly more risk. Therefore, they should only be included as part of a diversified portfolio.
Having read this article, we believe an insight has been provided for you as to the features of both currencies hence it is up to you to decide on which to invest in as we believe they are both good cryptocurrencies in their own unique way.
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