Cardano (ADA) & Kyber Network (KNC) ready for a new takeoff?
Cardano (ADA): 1st in the high-cap cryptocurrency class
The cryptocurrency #Cardano has its own #blockchain. Its founder is none other than Charles Hoskinson, who also participated in the creation of #Ethereum (ETH) before joining the teams of Ethereum Classic (ETC). Like all platforms, it aims to offer a solution to overcome the blockchain trilemma (scalability, decentralization, security). Finally, let me add that the angle of development chosen is very much linked to the academic world, with a certain taste for peer review.
Kyber Network (KNC): low-mid cap + DeFi = pump?
In June, small and mid-cap cryptocurrencies significantly pulled the market higher. It was very clear where to go to get purchases. Besides this bias that defined where to look in terms of capitalization, you could not miss the narrative of the moment: #Defi.
#Kyber Network (KNC) is a decentralized exchange project that fits into this dual trend. In terms of capitalization, KNC was in 120th place at the start of the year, and is now in 40th position.
Last feature that seems important: KNC cryptocurrency born in October 2017, which has not really been able to attract significant capital. Between its first listing and its highest, there is only a “small” 200%. against USD. If we evaluate it vs BTC, then cryptocurrency never pumped, and only fell.
The course of Kyber (KNC) is currently in a situation close to that of Cardano (ADA), but the medium term context is quite different. The volatility is much higher on the KNC price, and the accumulation is far from being as clean.
What is your opinion on these 2 cryptocurrencies?
The first sounds familiar but ai have never heard about the second one before... Looks promising.