#XRPvsADA
Should You Buy XRP With $1,000, or Cardano?
Even if you're only trying to place a smaller investment of around $1,000 or so, it makes sense to bet on the fastest horse. On that note, both XRP (CRYPTO: XRP) and Cardano (CRYPTO: ADA) have experienced significant catalysts lately, including news of their potential inclusion in a planned United States Digital Asset Stockpile, assuming it's actually implemented.
XRP and its chain are tightly focused on serving financial institutions that need to transfer large sums of money across international borders.
When those institutions use XRP for transfers instead of a legacy technology like the Society for Worldwide Interbank Financial Telecommunication (SWIFT), they can reduce their transfer costs substantially while also avoiding currency exchange fees, which helps them to shore up their bottom lines.
Cardano was created as a response to the problems of Ethereum, like high gas fees as well as its sometimes chaotic approach to its technology development. Thus, Cardano is a smaller, cheaper-to-use, slightly faster, and more carefully managed version of its larger competitor. The last point is actually the most important for its merit as an investment.
Compared to the development strategies of other chains, Cardano's approach is highly collaborative, deliberate in its pace, and fairly academic in nature. Peer review is a core pillar of its development cycle, which meshes well with its intention to be highly democratized and decentralized in its governance. Importantly, those ideals are distinct from something you would expect to be marketed to a particular demographic for the purposes of making money in some way, like XRP.
