Should you invest in Ethereum or Cardano?

Whilst Ethereum is far more established and with a much higher price, history shows us that it isn’t immune to sudden price drops. Those looking to invest in Cardano are also able to get a much larger holding - with tokens currently trading at less than a single US dollar.

Is Cardano the new Ethereum killer?

On the other hand, there are lots of other blockchains that are looking to replace Ethereum as the most popular smart contract platform, which is why they are called “Ethereum killers”. One of these is Cardano, who believe they are building the most advanced smart contract protocol in the industry.

Should you buy Cardano in 2023?

The impressive performance is of course made possible by the two-layer system and could well be reason enough to buy Cardano in 2023, however, investors should remember that the one million-plus TPS touted by Hoskinson are yet to actually be realised. Crypto asset investing is highly volatile and unregulated in some EU countries.

What is Cardano and how does it work?

However, under the surface, Cardano has several notable advancements on the Ethereum blockchain. Cardano is the world’s first peer-reviewed cryptocurrency, having been scrutinised by several prominent academic institutions. It also has a unique two-layer architecture, one for handling general transactions and the other dealing with smart contracts.