MultiversX Tracker is Live!

My thoughts after studying ADA, DOT, ETH

All Cryptocurrencies

by COINS NEWS 93 Views

I'll keep this basic but I'll be happy to answer any questions in the comments.

So I'm relatively new, I bought in at the peaks of 2021 for profits, I'd didn't know anything.

After losing all my money I wanted to understand where I was throwing my money to help give my best shot in 2024-2025 so I read about the top project and I'm making this post because I feel like these 3 surprised me the most.

So let's start with ETH. ETH is the seemingly leader in creating the whole Web3 situation, nothing else comes close in TVL, dev staying power, dapps, and profit via fees. You wanna dex? You wanna bridge? You wanna stable coin? You wanna NFT? ETH has all of that and more

So what about DOT? Well it has a different governance system, arguably better. Different shards than ETH perhaps better. It's built on a chain that makes interoperability much easier than ETH. Ok so why isn't DOT #1? That's because 1st mover benefit, name recognition, and tokenomics. On the shards you don't have to pay with DOT tokens so that doesn't increase price. And your DOT can be locked for up to 2 years if you choose to lend to particular shards (parachains) during auction. Oh and last I checked 10% inflation compared to ETHs Deflation.

And ADA? First I'm going to simply say there's been a lot of drama in the ecosystem, too much to cover here but I don't love that. I found that ADA isn't different enough from ETH for me to feel it offers anything special. At least DOT had interesting governance, auctions, interoperability and sharding. ADA is different than ETH, it's a bit more secure in language, staking pools are also nodes, and it's one of the most decentralized cryptocurrencies there is. But it also has a decent inflation rate low price demand and no real stable coins to help demand in tokenomics.

So TLDR? I found that at least for me, I'd rather buy eth and layer2 protocols than DOT or ADA and I was disappointed that they were so similar to eth and poor supply and demand.

Also ps this isn't perfect, I'm not especially intelligent, this is just my take away.

submitted by /u/PMme10dolarSteamCard
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments