Luxembourg, 30 Aug 2021, ZEXPRWIRE, The financial world in 2021 is marked by the significant growth of cryptocurrency exchanges. Coinbase is one of the first crypto exchanges to go public, a substantial boost for the market.
Another significant boost for the growth of the cryptocurrency industry is that Tesla started accepting Bitcoin as a payment method. As a result, the price of digital currencies continued its uptrend.
Many investors make enormous profits with cryptocurrencies, and this simple fact opens up a path to some of the other digital altcoins that are expected to blow up in the future. Two of these cryptos are Cardano and Polkadot. But which of the two will be a better buy in 2021?
Cardano Decentralized Blockchain
Cardano has been one of the hottest cryptocurrencies in the last few years. Every year, this crypto is attracting more and more attention from investors as it presents fantastic growth rates of more than 500% yearly.
Moves like these result in a lot of attention from investors, setting up the price even higher. These long parabolic moves may result in a pullback in stocks, but it’s a different story in the crypto world.
One of the main reasons for this growth is that Cardano’s blockchain network went 100% decentralized in 2020. This means that the community of the cryptocurrency is entirely responsible for the block productions of the network. That’s something significant for many investors, as a fully decentralized network provides even better security and privacy.
Plus, ADA is now available for trading in major cryptocurrency exchanges like Coinbase or Binance. This allows access to the digital currency from many countries worldwide, expanding the whole market capitalization of Cardano.
Tether Going Live On The Polkadot Network
As another great opportunity in the cryptocurrency industry, Polkadot is rising to the occasion. As the co-founder of Ethereum created the Polkadot network, it means serious business. The main benefit of the Polkadot network is that it allows its blockchains to cooperate with the other ones in the network.
Because of these network corporations, the technology behind Polkadot seems to work better than the one in Bitcoin and Ethereum. This is fantastic news for the lovers of Polkadot, making it one of the go-to cryptocurrencies in 2021.
With a great environment like this, it’s not surprising why one of the most significant stable coins, Tether, announced plans to launch its coin on the Polkadot network. This is crucial as the blockchains on the Polkadot network will operate by using the crypto of Tether. This will bring the whole Polkadot network to a whole new level, possibly skyrocketing its price.
Because of the factors we mentioned above, there are many speculations that Polkadot will eventually take the place of Ethereum as one of the most popular crypto networks worldwide. When we add the significantly lower Polkadot transactions fee, we can understand why Polkadot is on the radar of many investors in 2021.
Trying ADA And Polkadot In A High-Profitable Platform
These hot cryptocurrencies can be used for a lot of things. But by far, one of the best ways you can quickly try them and choose your favorite is to use them gambling on a fantastic platform like 1xBit.
1xBit is one of the leading cryptocurrency betting platforms, and it accepts both Cardano and Polkadot as payment methods. That being said, you can switch between the two and ultimately choose the one that aligns better with your preferences. That’s possible as 1xBit is offering multi-currency accounts, and you can switch between all of them with just a click.
The other fantastic benefit that will impress most crypto lovers is the instant withdrawals and anonymity that the platform provides. By topping this off with presenting the vast selections of sports you can bet on 1xBit, you can understand the quality of the site’s gambling environment.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.