Fantom (FTM) and Cardano (ADA) are two blockchain-based systems striving for success in the ever-evolving world of cryptocurrency.
Meanwhile, TMS Network (TMSN) is experiencing exceptional boom as it beneficial properties reputation amongst customers and traders alike.
Fantom (FTM) brings in new fund service while its price drops below $0.5
Fantom (FTM) announced the release of its Ecosystem Vault on March 30th. It is a new fund that aims to support builders on the Fantom (FTM) platform by offering a decentralized avenue for financing projects, concepts, and other ventures.
Furthermore, the Ecosystem Vault is funded by 10% of the trading fees on the Fantom (FTM) network, and is governed by its community. Fantom (FTM) investors are hoping that this recent launch has the potential to attract additional projects and users to the network. Thus, it can boost the Fantom (FTM) network’s engagement.
However, Fantom (FTM) network’s performance has been average, as certain crucial metrics declined. For instance, Fantom’s (FTM) active addresses have experienced a significant decrease over the past few weeks. Likewise, there was a comparable downward trend observed in the transaction count. Currently, Fantom (FTM) is trading at $0.4542.
Cardano (ADA) may broaden its service while its price struggles to grow above $0.5
Charles Hoskinson, the creator of Cardano (ADA), has forecasted that nation-states will adopt the smart contract platform in the next ten years. However, the Cardano (ADA) platform will have to fight against anti-cryptocurrency forces that may impede its progress.
Hoskinson informed that nation-states will likely depend on the Cardano (ADA) ecosystem to perform a variety of valuable tasks.
For example, the Cardano (ADA) ecosystem may support a national identity system, a payment system, or a CBDC. Moreover, Cardano (ADA) is expected to effectively facilitate and foster growth in these areas.
However, there is no solid evidence that Cardano (ADA) will expand the way its creator predicted. Moreover, its token price has been struggling to rise higher for a while now. Currently, Cardano (ADA) token is trading at $0.398.
TMS Network (TMSN) brings the next-generation trading system
The suite of trading solutions provided by TMS Network (TMSN) is extensive, and includes social trading, on-chain analytics, portfolio management applications, trading bots, and trading signals. TMS Network (TMSN) prioritizes security, user experience, and efficiency, offering traders a unified platform that caters to their trading requirements.
TMS Network has developed the TMSN token to enable trading across more than 500 cryptocurrencies, Forex, global equity, and CFD markets. Token holders benefit from efficient and cost-effective access to the trading network through premium services and fixed fees offered by TMS Network (TMSN). The holders are also granted voting rights, empowering them to participate in the decision-making process for TMS Network (TMSN) platform.
Its presale is rapidly gaining traction, and TMS Network (TMSN) token value has surged to $0.06 in just one month. Industry experts anticipate that the token could experience growth exceeding 75x by December of this year. So, don’t wait any longer, and get your TMS Network (TMSN) token for the best profits.
Which Is the Better Buy: Fantom or Cardano?
These two popular cryptocurrencies both trade in the $1 to $2 range. Which has a better chance of moving beyond that price point?
Fantom (FTM -1.16%) and Cardano (ADA 0.08%) are cryptocurrencies trading at low price points in the $1 to $2 range and both are Proof of Stake assets.
Proof of Stake is the consensus mechanism that requires owners of a cryptocurrency to ‘stake’ their coins to validate transactions on the network. Both have seen some large gains in price recently. But which is the better buy for investors going forward? Let’s compare these two Proof of Stake assets on a few key points.
Follow the total value locked
Total Value Locked (TVL) is a measure of the value of all assets locked in, or committed to, a decentralized finance (DeFi) platform. The more value locked in a network, the healthier the network is and the more value investors see in it.
Investors can divide the coin’s market capitalization by TVL to get a feel for whether the asset is undervalued or overvalued. This practice provides a number similar to the price-to-book value of a traditional company. In traditional finance, book value is essentially the value of the company if it were liquidated, so investors look at price-to-book value as a gauge to measure valuation.
Comparing Fantom and Cardano based on this metric results in a huge advantage for Fantom. With a market cap of $5 billion and a TVL of $10 billion, Fantom’s market cap to total value locked is just under 0.5, Meanwhile, Cardano has a market cap of $35 billion and a TVL of under $100 million, meaning that Cardano’s market cap to TVL is over 350.
Fantom has a clear and pronounced advantage in terms of valuation. Further highlighting this gap is the fact that Fantom has racked up $10 billion in total value locked in just two years of existence, whereas Cardano has been around since 2017 and has under $100 million in total value locked.
Both user bases growing rapidly but one has an edge
As of December 2021, Cardano had 2.5 million unique wallet addresses, a 1,200% increase from 190,000 the year before. On the other hand, Fantom went from 5,000 unique wallet addresses in January 2021 to about 1.5 million by the end of the year, representing a 300X increase in unique users.
While Cardano has 1 million more users, I am giving Fantom the advantage here because it has amassed its users in a much shorter period of time. Both cryptos are growing at an impressive clip, but Fantom has a better growth rate.
Fantom leads in dApp development
The development of decentralized apps (dApps) on Cardano has been fairly limited to date, although in fairness to Cardano, it only began enabling smart contracts in September.
Notable apps on Cardano are limited to Empowa, a project that wants to help build affordable housing in Africa, and Sundaeswap, a decentralized exchange built on Cardano. These projects may have their merits but have not attracted significant funds thus far.
Meanwhile, Fantom has seen a surge in dApp development over the past year, with dApps like decentralized exchange SpookySwap and stablecoin platform Tomb.finance attracting over $1.5 billion in TVL each. Other prominent applications include decentralized investment platform Beethoven X and yield optimizer Beefy.
And the Final is…
Both Cardano and Fantom are growing their networks at enviable rates. While Cardano has a clear advantage in terms of total users, Fantom is growing its user base at a much faster pace and is gaining on Cardano.
Furthermore, Fantom is enjoying an explosion of development on its platform while Cardano seems to still be finding its footing in this department. In terms of valuation based on total value locked in the platforms compared to their market caps, Fantom looks like a markedly better value.
Based on these criteria, I believe Fantom is a better buy right now and expect it to outperform Cardano going forward.
Disclaimer – The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
