Why my money is on Cardano, Chainlink, and Binance Coin instead of Litecoin, Bitcoin Cash, and Stellar
In my last article, I discussed why I ditched Litecoin, Bitcoin Cash, and Stellar. Since then, the prices on all of these coins have soared (of course). I am ok with that as I am not a trader looking to get in and out of the market on blips and running for cover during dips. If you haven’t read the article, here’s a link to it: Why I ditched Litecoin, Bitcoin Cash, and Stellar and what I’ve bought instead . In summation, my argument is that these are legacy chains that don’t have the technology or appeal of other projects during this bull market cycle. I would rather have projects with momentum moving up in the ranks rather than down in the ranks. I also want projects that I believe will outperform Ethereum over this bullrun. The projects that I prefer are Cardano, Chainlink, and Binance Coin. Keep in mind that this is not financial advice and this is just my personal logic on why I like these coins.
- ADA- Cardano- What is Cardano? On its website, Cardano describes itself as “a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.” That’s a powerful mission statement and something that I think most people align with. Cardano has been built over the past four years and is taking an aim and shoot approach versus a shoot and then aim approach. This does not guaranty that Cardano will be successful, but there is a lot of optimism and hype behind Cardano. Speaking of hype, they are supposed to launch smart contracts in August that should definitely generate hype and, hopefully, give another leg to their amazing bull run. Charles Hoskinson is Cardano’s leader and he’s been in the crypto space for a long time and is a skilled communicator and is very active with the community. Many people could argue that Cardano has already had a huge run and other projects present more upside. I would argue that Cardano has more staying power than most projects (offering protection if the crypto market sentiment changes) and that there is still plenty of room for growth in the platform space. My preferred method is to buy Cardano and to stake it to earn around 5% per year through their Daedelus or Yoroi wallets.