Home Tech Cardano (ADA) vs. NEO (NEO): Which Is A Better Investment?

Cardano (ADA) vs. NEO (NEO): Which Is A Better Investment?

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Cardano vs. NEO: Market overview

Both Cardano (ADA) and NEO (NEO) had a dreadful 24h closing on 8th March. Both coins slid in price and consequently, their market caps shrank by several million dollars. Perhaps, apart from the prices and the general market dink for not only these two, but several other top coins, it is the fact that NEO is now ahead of Cardano in market capitalization.

NEO is now ranked 6th on coinmarketcap.com, with a market cap of $5.3 billion against the 7th ranked Cardano, whose market cap is now $4.9 billion (figures correct at the time of writing).

It is interesting to note that Cardano actually had its 24h trading volume increase, even though that did little to improve the market cap as its price was kept falling sharply on the hour-to-hour chart.

NEO on the other hand, can’t seem to shake off controversy surrounding the supposed FUD that surfaced last week Sunday. However, its drop was marginally lower than that of Cardano which dropped by -21%. NEO also had higher trading volumes at $126 million compared to ADAs $44million (all at the time of writing).

Below are the individual price charts for Cardano and NEO.

Neo price charts

NEO has had a rough 24 hours as its price continued to tank, falling below the $100 mark for the first time this week. Today NEO traded at $82.71 against the US dollar, which was a drop of 18.124% over the same period. The coin has had a 24h low of $81.11 and a 24h high of $101.54.  NEO’s market cap is $5.3 billion against a daily trading volume of $126,547,331.

Below is a 7-day price chart for NEO. Notice the dip since 3rd March, 2018 when the consensus controversy surfaced. Although the CEO Da Hongfei came out with a statement to reassure the investors, NEO prices have tanked from a high of $150 to the current dalliance at between $81 and $101.

At the time of writing, Cardano prices had also taken a hit as the coin dropped -21.33% to trade at $0.1901 at 11:00 GMT.  NEO has so far had a 24h low of $0.1873 and a 24h high of $0.243. With its market cap at $4.9 billion, ADA dropped to 7th position as it was overtaken by NEO. The cryptocurrency has a daily trading volume of $44,783,296 against a circulating supply of 25.9 billion ADA coins.

Below is the Cardano price chart from 3rd – 9th March, 2018. Notice that ADA too has had a downward trend over the 7-day period. Between 6th and 9th, ADA has dropped from a high of $0.35 to today’s low of $0.18.

Exchange metrics comparison table between Cardano (ADA) and NEO (NEO)

Metric

Cardano

NEO

Complete metric score

71%

73%

Major exchange trading activity

67%

75%

Source code repository activity

87%

80%

Social media and discussion board

60%

Source:www.stocksgazette.com