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Ripple or Cardano: Which surging coin should you buy?





XRP and ADA prices are both going through the roof right now, but which has the best potential?

Over the last 48 hours both Ripple and Cardano have surged over 30%. Ripple is now the second biggest cryptocurrency based on market cap taking over Ethereum, while Cardano is now the fifth biggest cryptocurrency after passing Litecoin.
Cardano's recent spike has come due to the next major update for the platform being due for release next week, as it hopes to become the next Ethereum.
While Ripple has seen incredible growth after announcing new partnerships in Asia that could lead to XRP being used in card payments.
Why Ripple has potential

Ripple's potential lies on whether it can get banks and financial institutions on board to replace the old SWIFT system which is currently used by banks for international transactions. Ripple can process transactions much faster and cheaper than SWIFT, processing in seconds - not days - and with far lower fees.
List of exchanges that allow you to buy Ripple
In the USA Ripple announced in late November a partnership with American Express, opening up American Express’ business customers on its FXIP platform to route payments through Ripple’s blockchain network. Ripple added that XRP will be used with American Express to speed up payments "later on". This partnership also links with UK bank Santander to allow instant US to UK payments.
SBI Ripple Asia, a joint venture between Ripple and Japanese financial service company SBI Holdings, announced earlier this week that it is creating a consortium to look into the role distributed ledger technologies such as Ripple can play in card payments. This consortium has already developed technology which enables payments through Ripple using phone numbers or QR codes.
Asian businesses are going nuts over it too, with 75 large groups already signed up to support Ripple. 15 of the world's top 50 banks have also worked with Ripple in some form.
If rumours of Coinbase and other mainstream cryptocurrency brokers picking up XRP are true, we could continue to see the price rise at a decent pace. Likewise, if more banks continue to partner with Ripple for international transactions and it starts to take over from SWIFT it could spike even further. If the right partnerships are made and banks continue to adopt the technology, it could reach US$5, US$10 or even US$20 by the end of next year. However that all depends on its partnerships.
Why Cardano has potential

If you think of Bitcoin as a first generation crypto, Ethereum as a second generation, Cardano is pitched as the third generation cryptocurrency. It wants to solve the three biggest issues with current coins - sustainability, scalability and interoperability.
Choose an exchange to buy Cardano
The biggest advantage of Cardano is that unlike Bitcoin, it's built with two layers. You have the first layer called the Cardano Settlement Layer which works as a more efficient bitcoin, handling the balance ledger and basic transaction side of things.
It has a second layer though, called the Cardano Computation Layer. This is where decentralised apps and smart contracts built on Cardano will be based and can operate separately to the CSL layer.
These multiple layers also mean that changes can be made to the platform without a fork.
Cardano itself was developed through peer reviewed academic research and is based on the Haskell programming language, which is viewed as extremely secure and uses mathematical proof of correctness to verify code.
Cardano has the potential to be the new default for decentralised app development and smart contracts, thanks to its ability to scale and handle transactions in a faster way. The platform will also support smart contracts written in Ethereum's Solidity language too.
Which one will have a bigger 2018?

It's hard to work out whether Ripple or Cardano will be larger in the long term, however over the next 12 months, we should see Ripple outpace Cardano.
Ripple's technology is already developed, and the rate in which it is signing on new partnerships across the globe should increase in 2018, also increasing the XRP value. The succes of its deal with American Express and Santander will be critical, as financial institutions across the world watch to see if it could also be a viable solution for them. With its price currently sitting a touch above US$2, it wouldn't be crazy to think it could reach US$5 or even US$10 by the end of 2018.
Cardano, while it has a bucket load of potential is still not a finished platform. It has a few big updates due throughout the year, however it still needs to prove itself in the real world. It's currently sitting around $0.70 per ADA token, and has potential to go past $1 in the next month, however it's not quit clear how much higher than that it will go until Cardano's platform is live and performing.
This article should not be interpreted as a recommendation to invest. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Historic performance is no guarantee of future returns. Before investing you should obtain advice and decide whether the potential return outweighs the risks.

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