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Hello LeoFinance & Hive Community,
How's it going? It's NEO here, a Telos Senior Eagle with my newest post :)
In this post I don't want to pick up a winner or say which project is better. I would like to have a bit more deep look over Telos and Cardano blockchains, compare them and just show you some numbers here and numbers never lie...
Whats is Telos?
Telos is a third-generation blockchain platform for building fast, scalable distributed applications with feeless transactions. Since launching its mainnet in December 2018, the Telos network has been developed to power the economies of the future and provide human-scale solutions to global challenges. With these goals in mind, it includes innovative governance features that empower organizations to shift influence and decision-making to a more collaborative and transparent model.
What is Cardano?
Cardano crypto is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. Initial release was in September 2017. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
As you can see price value in dollars ($) is quite similar, 10 cents difference right now in these two projects but if you keep an eye on other statistics we've got a huge difference. For example Market Cap of Telos is $250 Millions and Cardano is $28 Billions, $932 Millions, Yes! That is $28 Billions and $682 Millions more than Telos. Is that mean that Cardano is better than Telos? I will not answer to that question I will just say this... Price of Telos right now is quite similar to Cardano, even 10 cents more so just imagine if one day Market Cap of Telos will be $1 Billion which is something like only 3.5% of Cardano Market Cap, what price of Telos will be? What if Market Cap of Telos will be only 10% of Cardano? I am not even talking if it will be $28 Billions, sounds crazy but can be right? Who knows, I am not a fortune teller here :)
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As you can see above:
Telos hits a new ATH $1.43 (19 days ago) currently 31% below and 81648% from All-Time Low
Cardano hits a new ATH $3.09 (6 months ago) currently 70% below and 4561% from All-Time Low
Conclusions? I said that this post is not about which project is better, it is only to show you some numbers and think about it by yourself :)
Here is a bit more:
I mentioned about something similar earlier, both chains grew TVL in a month by around 60% and even TVL of both is around $140mil but Mcap/TVL ratio for Cardano is 112x bigger than for Telos. Basically if Telos will be have same MarketCap as Cardano than price of 1 TLOS should be around $100.
Someone can say "NEO this is just theory and numbers" and I will answer "But numbers never lie...".
Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such.
Telos Website: https://telos.net
Cardano Website: https://cardano.org/
Thank you for your time.
Stay safe.
/NEO
Posted Using LeoFinance Beta
