Home Finance Cardano (ADA) and EOS (EOS) – Should Investors Buy The Dip?

Cardano (ADA) and EOS (EOS) – Should Investors Buy The Dip?

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The cryptocurrency market is in the red, but this doesn’t mean that investors are taking a break. As simple as this might sound, the fastest way to generate profit through cryptocurrencies is to buy them while their price low and then to sell when they are high. While this might sound simple in theory, it’s harder in practice because it’s nearly impossible to predict the cryptocurrency market.

Buying the Dip

However, dedicated crypto investors are always looking to purchase “the dip”. What this means is that investors are more likely to purchase cryptocurrencies that recently lost value in hopes of selling when they make a comeback. Talking about buying the dip, Cardano (ADA) and EOS (EOS) are the two main attractions.

Cardano (ADA)

Cardano (ADA) is valued at $0.179763 at the moment and its total market capitalization sits at 4.6 billion. The sole focus of Cardano (ADA) is to provide people with fast and scalable transfers of value.

This cryptocurrency plans to create a decentralized economy which will eventually democratize finance in new markets. In addition, Cardano (ADA)’s platform is ideal for creating decentralized apps (dApps).

EOS (EOS)

EOS (EOS) went down by 1.19% in the last 24 hours and its valued at $5.07 per token. Moreover, the total market capitalization for this cryptocurrency is priced at $3.7 billion. The developers who are in charge of EOS (EOS) like to market the cryptocurrency as “the most powerful infrastructure for decentralized applications”.

EOS (EOS) is similar to Ethereum, but there is one major difference between them. The thing that makes this cryptocurrency stand out is the fact that EOS (EOS) plans to make decentralized apps more commercial and easier to be accessed by the general population.

In addition, EOS (EOS) uses the famous C++ programming language which is way simpler than Ethereum’s custom Solidity language.