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XRP vs. Cardano: Which Altcoin Has More Potential to Reach $1 First?

Sabrina Martins Vieira

XRP and Cardano (ADA) are two alternative cryptocurrencies that possess distinct fundamental characteristics. Despite their differences in market capitalization and total supply, these two altcoins share some similarities, such as a dedicated community and the aspiration that their holders will experience a resurgence in the value of altcoins to reach $1.

$$$$$$$XRP, developed by Ripple, is a digital token created to be used as a medium of exchange in facilitating global value transfers and enhancing the efficiency of international payments. This is achieved by making them faster and more affordable.

Alternatively, Cardano is an open-source cryptocurrency that aims to provide a solid foundation for building decentralized applications that are scalable, secure and driven by a proof-of-stake consensus mechanism. It boasts a layered architecture, which enables the separation of the data layer and the smart contract layer, providing a unique and innovative approach to blockchain technology.