Renowned Specialists Declare Cardano ADA and Ethereum Classic ETC Lifeless Investments Opt for This ERC20 Token Instead to Achieve Substantial Profits
Forbes recently identified Cardano (ADA) and Ethereum Classic (ETC) as Zombie chains, while Charles Hoskinson, co-founder of Cardano (ADA), previously dismissed Ethereum Classic (ETC) as a dead horse.
Let’s delve into these assertions and also explore a new token and project established on Ethereum that is garnering considerable positive attention for its advanced functionality.
Cardano (ADA) – A Dormant Powerhouse or a Fading Hope?
Cardano (ADA) is a blockchain that polarizes opinions. Many were captivated by Hoskinson’s ambitious visions – aiming to leverage Cardano (ADA) to promote social justice, diminish corruption, and address global inequality. These aspirations were substantiated by the involvement of numerous academics collaborating with Cardano (ADA).
Regardless of the genuineness of Hoskinson’s intentions, the reality is that in the realm of cryptocurrency, time progresses at an accelerated pace. Cardano’s whitepaper was penned in 2016. Yet, instead of initiating development, the team delved deeply into research.
The outcome is a blockchain that lags behind others concerning protocols, functionality, user base, and revenue generated.
According to DefiLama, Cardano (ADA) had a mere 29,000 active addresses in the last 24 hours. This pales in comparison to newer chains like Arbitrum or Solana, each boasting around 1 million active addresses over the same period.
On a positive note, an expert from TheCoinRepublic.com scrutinized Cardano (ADA) utilizing the NVT ratio (Network Value to Transactions). This metric, akin to the P/E ratio in stocks, examines the fees each chain generates relative to its value. Cardano (ADA) fared favorably by this metric, unlike Ethereum Classic (ETC).
Ethereum Classic (ETC) – A Revenue-Free Zone
Charles Hoskinson harbors a dim view of Ethereum Classic (ETC), labeling it a ‘dead horse’ and a ‘scam’.
Prior to co-founding Cardano, Hoskinson collaborated on Ethereum alongside Vitalik Buterin. However, clashes prompted Hoskinson to part ways with the team and establish Cardano.
Ethereum Classic (ETC) emerged following a hard fork of Ethereum when the original chain’s DAO was exploited, resulting in the loss of $60 million worth of Ether (ETH). While most of the community sought to revert the chain to rectify the hack, purists advocated for the blockchain’s immutability.
And thus, Ethereum Classic (ETC) was born.
Currently, the chain witnesses minimal development or utilization. This is underscored by Ethereum Classic’s (ETC) NVT ratio, indicating that despite a market capitalization of $3.5 billion, it generates a meager average of 15 ETC in revenue each week, amounting to just $359 at current prices.
Both Ethereum Classic and Cardano appear to share a commitment to ethical principles without delivering on their promises. This renders them lacking in functionality, bolstering the notion that they are ‘dead horse’ chains.
Let’s juxtapose this with a promising ERC-20 token in presale, designed with functionality at its core – DTX Exchange.
DTX Exchange – Vibrant and Thriving
DTX Exchange is a hybrid model trading platform in development. The team behind DTX aims to enhance financial inclusion and accessibility to diverse asset classes, spanning from cryptocurrencies to traditional financial instruments such as stocks, bonds, CFDs, derivatives, and synthetic assets like precious metals.
Their objective is to simplify trading for both seasoned and novice traders. DTX offers a range of features, from social trading and copy trading to automated trading bots and comprehensive on-chain analytics.
How does this differ from existing products?
Presently, there isn’t a single platform that consolidates all these elements. Traditional brokerages like IG and Etoro offer some of these features but are centralized, excluding many individuals from trading due to regulatory constraints and raising security concerns.
On DTX Exchange, users can maintain anonymity as no KYC is required, and minimal personal data is collected to safeguard sensitive details in case of a breach.
As DTX is still in its presale phase, there is a prospect of significant returns. DTX has surged by 200% from its initial price of $0.02 to $0.04. With a minimum launch price of $0.12 and the potential to multiply by 100 due to its innovative concept, DTX beckons those seeking substantial ROIs not readily found in Ethereum Classic (ETC) or Cardano (ADA) in the near future.
Explore their Presale now.
