After such a prolonged bear run, almost every crypto in the market is on sale. Most altcoins have lost over 90% of their valuations, and unless the altcoin concerned is totally useless, there is a huge upside potential at current prices. For high potential cryptos like IOTA (MIOTA) and Cardano (ADA), the upside gains could be exponential. So, between these two, which one has a potential for higher gains, and make investors rich? To make such a prediction, it is best to look at the potential strengths and weaknesses of both, and how they might play into their price dynamics.
IOTA (MIOTA) has some amazing fundamentals backing it up. For instance, it is already getting adopted by major companies such as Volkswagen. This means that it could be at the center of the transformation of the auto industry. IOTA (MIOTA) is also being used in the development of smart cities. These are a big deal, and will have a huge role to play in the price of the IOTA coin. The biggest bullish signal for IOTA (MIOTA) is the growing adoption of 5G technology. So far major economies are adopting this tech, led by China through Huawei. European Cities like Barcelona in Spain are already testing this tech. The thing with this technology is that, it will open up the IoT space by allowing for the seamless connectivity of devices. Since IOTA is the leading DLT in this space, it could see exponential growth in value once this technology goes truly mainstream. However, IOTA (MIOTA) has one major drawback at this point, and that’s centralization. The IOTA tangle relies on a centralized COO for security. While the IOTA Foundation is working towards a COO-free tangle, there is no major breakthrough on this front. This could curtail the exponential growth of IOTA (MIOTA) in 2019.
Cardano (ADA), like IOTA (MIOTA), has high chances of growth going forward. It has solved lots of problems that are facing blockchain technology today. For instance, its Ouroboros algorithm is the first provable Proof-of-Stake algorithm that is secure and scalable. This effectively makes it a next-generation cryptocurrency. Cardano’s Emurgo team is also working on driving up the adoption of Cardano by pushing for Dapps in the Cardano ecosystem. For instance, a number of Dapps are already in the works to launch on the Cardano blockchain. On top of that, the Cardano blockchain is will soon be fully decentralized, with the Shelley release within this quarter. This coupled with an upcoming listing on Coinbase could drive up the value of this crypto significantly. The only thing possibly holding back Cardano at this point is the decline in value of the entire market.
Based on the above, it is clear that the two of them have good prospects for the future. However, in 2019, Cardano holds better prospects, especially if the entire market turns bullish. Its fundamentals are much stronger, and it could easily retest $1 within the year. However, that will heavily depend on how Bitcoin (BTC) performs this year.