Ethereum (ETH) vs Cardano (ADA) - 2021 Comparison in 6 Months
The crypto community's favorite rivals, Ethereum and Cardano, mapped by % gain over the last 6 months.
The interesting thing here is that during this year's hype, the two projects were mirroring each other in terms of their % gains -- it's hard to see when everything is going up in absolute numbers, but this chart makes it obvious that ETH and ADA users are trying to steal supporters from one another.
So if you know me, you know I'm a fan of ETH and not ADA, but I do keep an eye on both just in case I missed something. The concern with ADA -- especially in the last few months -- is that if you look closely at their "rallies", it goes up very quickly then drops sharply right after the hype. This is usually a pattern that companies that are reliant on marketing -- not their product -- use to keep their investors "happy". But long-term, this usually ends very badly for everyone involved. I made the decision not to touch it for that reason. (And there are plenty of other projects out there with bigger gains, if we're being honest here.)
The interesting thing here is that during this year's hype, the two projects were mirroring each other in terms of their % gains -- it's hard to see when everything is going up in absolute numbers, but this chart makes it obvious that ETH and ADA users are trying to steal supporters from one another.
So if you know me, you know I'm a fan of ETH and not ADA, but I do keep an eye on both just in case I missed something. The concern with ADA -- especially in the last few months -- is that if you look closely at their "rallies", it goes up very quickly then drops sharply right after the hype. This is usually a pattern that companies that are reliant on marketing -- not their product -- use to keep their investors "happy". But long-term, this usually ends very badly for everyone involved. I made the decision not to touch it for that reason. (And there are plenty of other projects out there with bigger gains, if we're being honest here.)
