Better Buy: Bitcoin vs. Cardano
Bitcoin (CRYPTO: BTC) was the first cryptocurrency and remains the largest name in the business more than a decade later. Cardano (CRYPTO: ADA) is a blockchain platform for smart contracts with an ambitious long-term road map.
Both of these digital coins soared in 2021 and crashed in the first half of 2022. Could their prices stabilize and restart their stalled growth trajectories this year? Let's take a closer look at Bitcoin and Cardano to find out.
As of June 15, Bitcoin's price has plunged 69% below November's all-time highs, landing at roughly $21,000 per coin. The largest cryptocurrency hasn't seen prices this low since December 2020. Bitcoin has generated market-beating returns over the last two years, despite the negative vibes in recent months:
Source Fool.com
