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.

 

 

Компания

User rating

4.3 / 5 7 отзывов 5 / 5 4 отзыва

Cryptogeek rating

3.8 / 5 5 / 5
4.39 / 5 4.7 / 5

Описание

Монета Cardano (ADA) - криптовалюта, запущенная в 2017 году. Валюта основана на сети Cardano. Руководителем команды разработчиков является Чарльз Хоскинсон, опытный разработчик, работавший в Ethereum и BitShares до запуска Cardano. Cardano - первая криптовалюта, которая использует академически открытый рецензируемый открытый код, что делает этот проект совершенно уникальным. Консенсусный алгоритм Кардано является доказательством кола. Кардано обычно хвалят за высокий уровень безопасности и быстрые транзакции. Валюта Cardano быстро приобрела ценность и стала одной из 10 крупнейших криптовалют по рыночной капитализации.
Ripple - это глобальный платежный протокол, предназначенный для быстрых транзакций и дешевых платежей на международном уровне В сети используется цифровая валюта, известная как XRP (иногда ее называют Ripple). В отличие от других криптовалют Ripple не предназначен для замены банков, скорее этот проект создан для улучшения работы банков (включая транзакции между различными банками) с помощью блокчейн-решений.

Тип

coin coin

Год основания

2017 2012

Страна

International International

Языки

Нет данных Нет данных

Команда

Public Public

Протокол

Public blockchain Public blockchain

Текущая цена (USD)

1.1738 2.4924

Цена - Исторический максимум (USD)

1.3300 3.8400

Изменение цены (24 часа)

-3.39 -3.53

Объём (24 часа)

106697578.39282 1040418081.44440

Хэшрейт (Hashrate)

Нет данных Нет данных

Максимальное предложение

45000000000.00000 99999999999.99999

Total supply

Нет данных Нет данных

Circulating Supply

45000000000.00000 99986904872.00000

Скорость транзакции / Время, необходимое для создания блока

50 1500

Комиссия за транзакцию

Нет данных Нет данных

Прибыльность майнинга

Нет данных Нет данных

Алгоритм

Ouroboros Нет данных

Proof type

PoS Нет данных

Полностью смайнено заранее:

Нет данных Нет данных

Smart contract address

Нет данных Нет данных

Всего монет намайнено:

25927070538.00000 Нет данных

Торгуется

yes Нет данных

Награда за блок

0.000000000000 Нет данных

Время блока

Нет данных Нет данных
Компания
User rating User rating 4.3 / 5 7 отзывов User rating 5 / 5 4 отзыва
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 5 / 5
Trust Score Как это работает Trust Score 4.39 / 5 Trust Score 4.7 / 5
Описание
Монета Cardano (ADA) - криптовалюта, запущенная в 2017 году. Валюта основана на сети Cardano. Руководителем команды разработчиков является Чарльз Хоскинсон, опытный разработчик, работавший в Ethereum и BitShares до запуска Cardano. Cardano - первая криптовалюта, которая использует академически открытый рецензируемый открытый код, что делает этот проект совершенно уникальным. Консенсусный алгоритм Кардано является доказательством кола. Кардано обычно хвалят за высокий уровень безопасности и быстрые транзакции. Валюта Cardano быстро приобрела ценность и стала одной из 10 крупнейших криптовалют по рыночной капитализации.
Ripple - это глобальный платежный протокол, предназначенный для быстрых транзакций и дешевых платежей на международном уровне В сети используется цифровая валюта, известная как XRP (иногда ее называют Ripple). В отличие от других криптовалют Ripple не предназначен для замены банков, скорее этот проект создан для улучшения работы банков (включая транзакции между различными банками) с помощью блокчейн-решений.
Тип Тип coin Тип coin
Год основания Год основания 2017 Год основания 2012
Страна Страна International Страна International
Языки Языки Нет данных Языки Нет данных
Команда Команда Public Команда Public
Протокол Протокол Public blockchain Протокол Public blockchain
Текущая цена (USD) Текущая цена (USD) 1.1738 Текущая цена (USD) 2.4924
Цена - Исторический максимум (USD) Цена - Исторический максимум (USD) 1.3300 Цена - Исторический максимум (USD) 3.8400
Изменение цены (24 часа) Изменение цены (24 часа) -3.39 Изменение цены (24 часа) -3.53
Объём (24 часа) Объём (24 часа) 106697578.39282 Объём (24 часа) 1040418081.44440
Хэшрейт (Hashrate) Хэшрейт (Hashrate) Нет данных Хэшрейт (Hashrate) Нет данных
Максимальное предложение Максимальное предложение 45000000000.00000 Максимальное предложение 99999999999.99999
Total supply Total supply Нет данных Total supply Нет данных
Circulating Supply Circulating Supply 45000000000.00000 Circulating Supply 99986904872.00000
Скорость транзакции / Время, необходимое для создания блока Скорость транзакции / Время, необходимое для создания блока 50 Скорость транзакции / Время, необходимое для создания блока 1500
Комиссия за транзакцию Комиссия за транзакцию Нет данных Комиссия за транзакцию Нет данных
Прибыльность майнинга Прибыльность майнинга high Прибыльность майнинга low
Алгоритм Алгоритм Ouroboros Алгоритм Нет данных
Proof type Proof type PoS Proof type Нет данных
Полностью смайнено заранее: Полностью смайнено заранее: Нет данных Полностью смайнено заранее: Нет данных
Smart contract address Smart contract address Нет данных Smart contract address Нет данных
Всего монет намайнено: Всего монет намайнено: 25927070538.00000 Всего монет намайнено: Нет данных
Торгуется Торгуется yes Торгуется Нет данных
Награда за блок Награда за блок 0.000000000000 Награда за блок Нет данных
Время блока Время блока Нет данных Время блока Нет данных

Социальные сети

Веб-сайт

www.cardano.org ripple.com

Twitter

Cardano @Ripple
Веб-сайт Веб-сайт www.cardano.org Веб-сайт ripple.com
Twitter Twitter Cardano Twitter @Ripple

Преимущества

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

Недостатки

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

Рейтинг

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

Рейтинг пользователей Cardano (ADA) равен 4.3, на основании 7 отзывов. Рейтинг пользователей Ripple (XRP) равен 5, на основании 4 отзывов.

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

Мы выбираем победителя на основании нашего рейтинга доверия. Помните, что вам решать, какую компанию следует выбрать. Как мы рассчитываем рейтинг?
Trust Score: 4.7 / 5 Оставить отзыв
Выбрать другие компании

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.