Going to buy XRP (XRP) or Cardano (ADA)

Technical analysis report updated on 05/02/2023

Introduction to the history of two cryptocurrencies

XRP Development History

XRP (XRP) coin was recorded by Coin Market Cap system on August 04, 08.

Currently on the market XRP coins can be exchanged for 880 other digital currencies.

XRP is currently ranked 6th on the cryptocurrency rankings by market cap

Cardano development history

Cardano coin (ADA) was recorded by Coin Market Cap system on October 01, 10. If compared with XRP, this coin was born later

Currently on the market, Cardano coins can be exchanged for 644 other digital currencies (This number is only 0.73% of XRP)

Cardano is currently ranked 8th on the cryptocurrency rankings by market cap

Information worth referencing

Information investors should know

Comparison of the recent growth between XRP and Cardano

Growth rate XRP (XRP) Cardano (ADA) Distance (XRP - ADA)
Within 24 hours 0.42% -0.20% 0.62%
Within 7 days 0.56% 4.45% -3.89%
Within 30 days 21.01% 51.69% -30.68%
Within 60 days 6.42% 27.31% -20.89%
Within 90 days -15.65% -5.26% -10.39%

Analysis by growth

In the recent 3 months period XRP coin has dropped in value by -15.65%. As for Cardano, it has also decreased significantly in the last 3 months

Compare total supply value and market capitalization

XRP (XRP) Cardano (ADA)
Maximum total supply 100,000,000,000 45,000,000,000
Circulating supply 50,799,084,881 34,609,713,922
Total supply 99,989,130,718 35,431,262,324

* Note
Total circulating supply: Number of coins circulating in the market and in the hands of the public. It is similar to how stocks move in the stock market.
Maximum total supply: The maximum number of coins that will exist in the lifetime of the cryptocurrency. It is similar to fully diluted shares in the stock market.
Total supply: Number of coins created, minus any burned coins. It is similar to shares outstanding on the stock market.

Summary of reasons to buy XRP or Cardano

Reasons to buy XRP

Reasons not to buy XRP

Reasons to buy Cardano

Reasons not to buy Cardano

General note for investors

These are specifications based analysis only

The technical specifications will be suitable for short-term investors, and profit from the investments With large and long-term investments you also need to do fundamental analysis i.e. read and understand more about the technicians, teams, investors behind that particular digital currency.

We do not make investment decisions for you

Automatic parameter analysis articles will help you have a multi-dimensional and easier to understand view than just looking at those with zero numbers.

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