Cardano (ADA) vs Ripple (XRP) Comparison | Which One Is the Better Investment?

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This article will compare two coins with nearly the same market cap. They are among the top 10 cryptocurrencies while not being quite the same in terms of functionality. What makes them a bit similar is that both brands work with entities that initially were not associated with cryptocurrencies. Ripple works closely with banks, and Cardano works with all kinds of organizations and is already used by governments. Let's see the features of these coins and which is the better investment for you.

  1. What Is Cardano?
  2. What Is Ripple?
  3. Cardano vs. Ripple (table)
  4. Cardano vs. Ripple (details)

What Is Cardano?

Cardano is a blockchain-based ecosystem that can host and run decentralized apps (dApps) and smart contracts. In terms of functionality, it resembles Ethereum, but unlike the latter, Cardano was created with the potential for scalability and high operation speed in mind. Bitcoin and Ethereum are both relatively slow networks. It makes their adoption a more challenging task. Cardano is more suitable for everyday use.

The platform was launched in 2015. One of the key creators of Cardano is Charles Hoskinson, one of the Ethereum co-founders. Unlike Buterin, he was positive about making Ethereum a commercial project. That's why Hoskinson was omitted from the Ethereum team, and also, that's why Cardano was more inclusive in terms of sponsorships and partnerships.

The native token of the Cardano ecosystem is ADA. As of July 2022, the token's market cap exceeds $15 billion. Several governments use Cardano to handle data, while celebs and global brands use the apps built on Cardano. It's safe to say that Cardano is a successful project, and it continues its growth and development.

What Is Ripple?

Ripple is a payment protocol. It uses a cryptocurrency called XRP, which is often called Ripple, although that's not entirely correct. The platform was launched in 2012 in the US. Ripple was among the first significant cryptocurrency brands to cooperate with banks and financial institutions, which was unusual for the cryptocurrency industry at that period. Some criticized Ripple for relative centralization, while others praised the fast speed of the network and low fees.

In 2017 and 2018, Ripple was a scorching topic online. At some point, XRP's market cap was the second biggest after Bitcoin's. 2020 wasn't that bright for Ripple, and the coin went below its usual third position in the rating. Also, 2020 was the year when Ripple went under attack from the SEC and was delisted by Coinbase. As of July 2022, XRP holds the 7th position with a market cap exceeding $15 billion.

Cardano vs. Ripple (table)

Factor Cardano (ADA) Ripple (XRP)
The price as of July 2022 $0.45 $0.31
Market cap as of July 2022 $15.2 billion $15.3 billion
Rank as of July 2022 #8 #7
All-time high $3.09 (September 2, 2021) $3.4 (January 7, 2018)
Decline (compared to all-time high) 85.4% 90.7%
All-time low $0.019 (March 13, 2020) $0.00268 (May 22, 2014)
Growth (compared to an all-time low) 2,234.1% 11,669%
Popular markets Binance, Digifinex, Upbit, Coinbase, HitBTC Binance, Upbit, Bitget, HitBTC, FMFW.io
Platform Cardano Ripple
Consensus mechanism Proof-of-Stake Ripple Protocol Consensus Algorithm (RPCA)
Products IOHK, EMURGO Ripple Academia, SBI Ripple Asia
Use cases Smart contracts, dApps, data, financial operations Financial operations 

Cardano vs. Ripple (details)

The price and the market cap 

In terms of market cap, ADA and XRP are the closest rivals. As of July 2022, both cryptocurrencies have a market cap of around $15 billion and occupy the 7th and the 8th positions in the rating. The prices for both coins are in the same zone – between 30 and 50 cents per coin. In general, ADA tends to have a higher price than XRP. The latter never reached a 90 cents mark in the latest 180 days, while ADA crossed the $1 line several times in the same period of time.

One may suggest that XRP's best days are gone. The coin reached its all-time high back in 2018. ADA had its highest price in September of 2021. Both ATHs were about the same – between $3 and $3.5. In general, it seems that ADA performs better than XRP as of now. Not that we are claiming that XRP has no future, but Cardano's coin price trajectory appears to be more promising.

Popular markets

It is not hard to guess that as the market leaders, both coins are heavily presented on crypto exchanges. What is less obvious is that because of legal issues with Ripple, XRP was dropped by the largest US exchange Coinbase. In this sense, Cardano (ADA) has a more solid presence on the market. It's worth saying, though, that a single huge exchange delisting XRP is not a tragedy for the future of this coin. Even in the US, XRP is available on many top exchanges, including Kraken and many others.

Platform

Both ecosystems are based on their custom platforms. It makes them independent and robust compared to rivals building their platforms on top of third-party blockchains.

Consensus mechanism

Cardano and Ripple use eco-friendly consensus mechanisms. Cardano leans on a popular Proof-of-Stake. Ripple is based on its unique consensus mechanism, The Ripple Protocol consensus algorithm (RPCA). Both protocols are criticized for limited decentralization. Nevertheless, both of them still work the way they should. We can't say anything bad about PoS and RPCA, nor can we prefer one over the other. 

Products

The additional products of both ecosystems are barely aimed at an end-user and are instead targeted at researchers and entrepreneurs. It is not bad, however, adding some products would have benefited both Ripple and Cardano.

Use cases

Speaking of use cases, we should note that Ripple is a less inclusive platform. It was created mainly for private banking purposes, and it doesn't have that much to offer on top of serving as a payment operator. Cardano is a multi-functional project that can be used to build other diverse products. It makes Cardano more versatile than Ripple. Potentially, Cardano's use cases can cover a bigger population.

 

 

Unternehmen

User rating

4.3 / 5 7 Benutzerbewertungen 5.0 / 5 4 Benutzerbewertungen

Cryptogeek rating

3.8 / 5 5.0 / 5

Vertrauenswertung

Wie es funktioniert
4.39 / 5 4.7 / 5

Über

Cardano-Münze (ADA) ist eine Kryptowährung, die 2017 eingeführt wurde. Die Währung basiert auf dem Cardano-Netzwerk. Der Leiter des Entwicklerteams ist Charles Hoskinson, ein erfahrener Entwickler, der vor dem Start von Cardano für Ethereum und BitShares gearbeitet hat. Cardano ist die erste Kryptowährung, die von Experten begutachteten Open-Source-Code verwendet, was dieses Projekt einzigartig macht. Der Konsensalgorithmus von Cardano ist Proof-of-Stake. Cardano wird normalerweise für sein hohes Maß an Sicherheit und seine schnellen Transaktionen gelobt. Die Cardano-Währung gewann schnell an Wert und wurde nach Marktkapitalisierung zu einer der Top-10-Kryptowährungen.
Ripple ist ein globales Zahlungsprotokoll, das schnelle Transaktionen und günstige Zahlungen auf internationaler Ebene ermöglicht. Das Netzwerk verwendet eine digitale Währung namens XRP (manchmal wird sie als Ripple bezeichnet). Im Gegensatz zu anderen Kryptowährungen soll Ripple nicht Banken ersetzen, sondern dieses Projekt wurde entwickelt, um die Arbeit von Banken (einschließlich Transaktionen zwischen verschiedenen Banken) über Blockchain-Lösungen zu verbessern.

Art

coin coin

Gründungsdatum

2017 2012

Land

International International

Sprachen

Keine Daten Keine Daten

Team

Public Public

Protokoll

Public blockchain Public blockchain

Aktueller Preis (USD)

0.6485 0.6235

Allzeithoch (USD)

1.3300 3.8400

Preisänderung (24h)

0.89 2.35

Volumen (24h)

20438652.08488 79260120.00489

Hashrate

Keine Daten Keine Daten

Max Versorgung

45000000000.00000 99999999999.99999

Gesamtangebot

Keine Daten Keine Daten

Umlaufversorgung

45000000000.00000 99987762348.00000

Transaktionsgeschwindigkeit / Blockierungszeit

50 1500

Transaktionsgebühr

Keine Daten Keine Daten

Rentabilität des Bergbaus

Keine Daten Keine Daten

Algorithmus

Ouroboros Keine Daten

Proof-Typ

PoS Keine Daten

Voll prämiert

Keine Daten Keine Daten

Intelligente Vertragsadresse

Keine Daten Keine Daten

Insgesamt abgebaute Münzen

25927070538.00000 Keine Daten

Ist Handel

yes Keine Daten

Blockbelohnung

0.000000000000 Keine Daten

Zeit blockieren

Keine Daten Keine Daten
Unternehmen
User rating User rating 4.3 / 5 7 Benutzerbewertungen User rating 5.0 / 5 4 Benutzerbewertungen
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 5.0 / 5
Vertrauenswertung Wie es funktioniert Vertrauenswertung 4.39 / 5 Vertrauenswertung 4.7 / 5
Über
Cardano-Münze (ADA) ist eine Kryptowährung, die 2017 eingeführt wurde. Die Währung basiert auf dem Cardano-Netzwerk. Der Leiter des Entwicklerteams ist Charles Hoskinson, ein erfahrener Entwickler, der vor dem Start von Cardano für Ethereum und BitShares gearbeitet hat. Cardano ist die erste Kryptowährung, die von Experten begutachteten Open-Source-Code verwendet, was dieses Projekt einzigartig macht. Der Konsensalgorithmus von Cardano ist Proof-of-Stake. Cardano wird normalerweise für sein hohes Maß an Sicherheit und seine schnellen Transaktionen gelobt. Die Cardano-Währung gewann schnell an Wert und wurde nach Marktkapitalisierung zu einer der Top-10-Kryptowährungen.
Ripple ist ein globales Zahlungsprotokoll, das schnelle Transaktionen und günstige Zahlungen auf internationaler Ebene ermöglicht. Das Netzwerk verwendet eine digitale Währung namens XRP (manchmal wird sie als Ripple bezeichnet). Im Gegensatz zu anderen Kryptowährungen soll Ripple nicht Banken ersetzen, sondern dieses Projekt wurde entwickelt, um die Arbeit von Banken (einschließlich Transaktionen zwischen verschiedenen Banken) über Blockchain-Lösungen zu verbessern.
Art Art coin Art coin
Gründungsdatum Gründungsdatum 2017 Gründungsdatum 2012
Land Land International Land International
Sprachen Sprachen Keine Daten Sprachen Keine Daten
Team Team Public Team Public
Protokoll Protokoll Public blockchain Protokoll Public blockchain
Aktueller Preis (USD) Aktueller Preis (USD) 0.6485 Aktueller Preis (USD) 0.6235
Allzeithoch (USD) Allzeithoch (USD) 1.3300 Allzeithoch (USD) 3.8400
Preisänderung (24h) Preisänderung (24h) 0.89 Preisänderung (24h) 2.35
Volumen (24h) Volumen (24h) 20438652.08488 Volumen (24h) 79260120.00489
Hashrate Hashrate Keine Daten Hashrate Keine Daten
Max Versorgung Max Versorgung 45000000000.00000 Max Versorgung 99999999999.99999
Gesamtangebot Gesamtangebot Keine Daten Gesamtangebot Keine Daten
Umlaufversorgung Umlaufversorgung 45000000000.00000 Umlaufversorgung 99987762348.00000
Transaktionsgeschwindigkeit / Blockierungszeit Transaktionsgeschwindigkeit / Blockierungszeit 50 Transaktionsgeschwindigkeit / Blockierungszeit 1500
Transaktionsgebühr Transaktionsgebühr Keine Daten Transaktionsgebühr Keine Daten
Rentabilität des Bergbaus Rentabilität des Bergbaus high Rentabilität des Bergbaus low
Algorithmus Algorithmus Ouroboros Algorithmus Keine Daten
Proof-Typ Proof-Typ PoS Proof-Typ Keine Daten
Voll prämiert Voll prämiert Keine Daten Voll prämiert Keine Daten
Intelligente Vertragsadresse Intelligente Vertragsadresse Keine Daten Intelligente Vertragsadresse Keine Daten
Insgesamt abgebaute Münzen Insgesamt abgebaute Münzen 25927070538.00000 Insgesamt abgebaute Münzen Keine Daten
Ist Handel Ist Handel yes Ist Handel Keine Daten
Blockbelohnung Blockbelohnung 0.000000000000 Blockbelohnung Keine Daten
Zeit blockieren Zeit blockieren Keine Daten Zeit blockieren Keine Daten

Sozial

Webseite

www.cardano.org ripple.com

Twitter

Cardano @Ripple
Webseite Webseite www.cardano.org Webseite ripple.com
Twitter Twitter Cardano Twitter @Ripple

Vorteile

Friendly Peer-reviewed technology Scalable Affordable Solves problems and creates opportunities Moving into CBDCs

Nachteile

Competitors in the same space Still in development Multiple chains Not decentralized Uses a pre-mining protocol

Bewertung

User rating User rating 4.3 / 5 7 Benutzerbewertungen User rating 5.0 / 5 4 Benutzerbewertungen
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 5.0 / 5
Vorteile Vorteile Friendly Peer-reviewed technology Scalable Vorteile Affordable Solves problems and creates opportunities Moving into CBDCs
Nachteile Nachteile Competitors in the same space Still in development Multiple chains Nachteile Not decentralized Uses a pre-mining protocol

Cardano (ADA) Benutzerbewertung ist 4.3, basierend auf 7 Benutzerbewertungen. Ripple (XRP) Benutzerbewertung ist 5.0, basierend auf 4 Benutzerbewertungen.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

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Vertrauenswertung: 4.7 / 5 Schreiben Sie Ihre Bewertung
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We can't say that buying ADA is better than buying XRP and vice versa. It depends on your goals. If you want a diversified portfolio, you can have both coins. If you choose crypto that performs better on the market in terms of price, you can see that ADA has had better stats lately. Of course, it doesn't necessarily mean it has a brighter future than XRP. Nevertheless, if you wish to have crypto with better ties with banks, then XRP can be a better pick than ADA.

This article will compare two coins with nearly the same market cap. They are among the top 10 cryptocurrencies while not being quite the same in terms of functionality. What makes them a bit similar is that both brands work with entities that initially were not associated with cryptocurrencies. Ripple works closely with banks, and Cardano works with all kinds of organizations and is already used by governments. Let's see the features of these coins and which is the better investment for you.

  1. What Is Cardano?
  2. What Is Ripple?
  3. Cardano vs. Ripple (table)
  4. Cardano vs. Ripple (details)

What Is Cardano?

Cardano is a blockchain-based ecosystem that can host and run decentralized apps (dApps) and smart contracts. In terms of functionality, it resembles Ethereum, but unlike the latter, Cardano was created with the potential for scalability and high operation speed in mind. Bitcoin and Ethereum are both relatively slow networks. It makes their adoption a more challenging task. Cardano is more suitable for everyday use.

The platform was launched in 2015. One of the key creators of Cardano is Charles Hoskinson, one of the Ethereum co-founders. Unlike Buterin, he was positive about making Ethereum a commercial project. That's why Hoskinson was omitted from the Ethereum team, and also, that's why Cardano was more inclusive in terms of sponsorships and partnerships.

The native token of the Cardano ecosystem is ADA. As of July 2022, the token's market cap exceeds $15 billion. Several governments use Cardano to handle data, while celebs and global brands use the apps built on Cardano. It's safe to say that Cardano is a successful project, and it continues its growth and development.

What Is Ripple?

Ripple is a payment protocol. It uses a cryptocurrency called XRP, which is often called Ripple, although that's not entirely correct. The platform was launched in 2012 in the US. Ripple was among the first significant cryptocurrency brands to cooperate with banks and financial institutions, which was unusual for the cryptocurrency industry at that period. Some criticized Ripple for relative centralization, while others praised the fast speed of the network and low fees.

In 2017 and 2018, Ripple was a scorching topic online. At some point, XRP's market cap was the second biggest after Bitcoin's. 2020 wasn't that bright for Ripple, and the coin went below its usual third position in the rating. Also, 2020 was the year when Ripple went under attack from the SEC and was delisted by Coinbase. As of July 2022, XRP holds the 7th position with a market cap exceeding $15 billion.

Cardano vs. Ripple (table)

Factor Cardano (ADA) Ripple (XRP)
The price as of July 2022 $0.45 $0.31
Market cap as of July 2022 $15.2 billion $15.3 billion
Rank as of July 2022 #8 #7
All-time high $3.09 (September 2, 2021) $3.4 (January 7, 2018)
Decline (compared to all-time high) 85.4% 90.7%
All-time low $0.019 (March 13, 2020) $0.00268 (May 22, 2014)
Growth (compared to an all-time low) 2,234.1% 11,669%
Popular markets Binance, Digifinex, Upbit, Coinbase, HitBTC Binance, Upbit, Bitget, HitBTC, FMFW.io
Platform Cardano Ripple
Consensus mechanism Proof-of-Stake Ripple Protocol Consensus Algorithm (RPCA)
Products IOHK, EMURGO Ripple Academia, SBI Ripple Asia
Use cases Smart contracts, dApps, data, financial operations Financial operations 

Cardano vs. Ripple (details)

The price and the market cap 

In terms of market cap, ADA and XRP are the closest rivals. As of July 2022, both cryptocurrencies have a market cap of around $15 billion and occupy the 7th and the 8th positions in the rating. The prices for both coins are in the same zone – between 30 and 50 cents per coin. In general, ADA tends to have a higher price than XRP. The latter never reached a 90 cents mark in the latest 180 days, while ADA crossed the $1 line several times in the same period of time.

One may suggest that XRP's best days are gone. The coin reached its all-time high back in 2018. ADA had its highest price in September of 2021. Both ATHs were about the same – between $3 and $3.5. In general, it seems that ADA performs better than XRP as of now. Not that we are claiming that XRP has no future, but Cardano's coin price trajectory appears to be more promising.

Popular markets

It is not hard to guess that as the market leaders, both coins are heavily presented on crypto exchanges. What is less obvious is that because of legal issues with Ripple, XRP was dropped by the largest US exchange Coinbase. In this sense, Cardano (ADA) has a more solid presence on the market. It's worth saying, though, that a single huge exchange delisting XRP is not a tragedy for the future of this coin. Even in the US, XRP is available on many top exchanges, including Kraken and many others.

Platform

Both ecosystems are based on their custom platforms. It makes them independent and robust compared to rivals building their platforms on top of third-party blockchains.

Consensus mechanism

Cardano and Ripple use eco-friendly consensus mechanisms. Cardano leans on a popular Proof-of-Stake. Ripple is based on its unique consensus mechanism, The Ripple Protocol consensus algorithm (RPCA). Both protocols are criticized for limited decentralization. Nevertheless, both of them still work the way they should. We can't say anything bad about PoS and RPCA, nor can we prefer one over the other. 

Products

The additional products of both ecosystems are barely aimed at an end-user and are instead targeted at researchers and entrepreneurs. It is not bad, however, adding some products would have benefited both Ripple and Cardano.

Use cases

Speaking of use cases, we should note that Ripple is a less inclusive platform. It was created mainly for private banking purposes, and it doesn't have that much to offer on top of serving as a payment operator. Cardano is a multi-functional project that can be used to build other diverse products. It makes Cardano more versatile than Ripple. Potentially, Cardano's use cases can cover a bigger population.