Dogecoin Vs Cardano, Which Is The Higher Investment?

For crypto investors, it sometimes comes right down to selecting between digital assets similar to Dogecoin, Cardano, and the over 20,000 other coins within the space to speculate in. It will definitely comes right down to the performance of every cryptocurrency and the way much gains they will rack up for investors.

Dogecoin And Cardano: What To Invest In?

To possibly predict the performance of those two cryptocurrencies in the subsequent bull market, their previous performances could be helpful. Now, within the last bull market spanning through 2020-2021, there have been impressive rallies from each assets, but Dogecoin had seen more returns.

In 2020, the value of Dogecoin had trended as little as $0.0011, but when billionaire Elon Musk began shilling the meme coin, it might rise as high as $0.78 at one point. Doing the calculations, which means that the value of DOGE had rallied about 70,000%. To place this in perspective, if $1,000 value of DOGE was bought at its 2020 low, it might have been value $700,000 at its peak.

DOGE rises over 70,000% in 2020-2021 | Source: DOGEUSD on

On to Cardano, its native cryptocurrency, ADA, performed incredibly well within the 2021 bull market too. It was propelled forward by the anticipation surrounding the Alonzo upgrade that saw smart contracts debut on the blockchain.

ADA traded as little as $0.018 at one point in 2020 but by the point its rally was over, it touched a brand new all-time high above $3.10 in August 2021. This could translate to around 17,000% returns when calculated from its lowest and highest points during this one-year period. If $1,000 value of ADA was purchased at its low point in 2020, it might be value $170,000 at its ATH in 2021.

Cardano (ADA) price chart from

ADA rises over 17,000% in 2020-2021 | Source: ADAUSD on

Given this, DOGE’s performance and returns were significantly better than that of ADA within the last bull market.

But What About Utility?

Despite Dogecoin’s impressive performance within the last bull market, it still pales as compared to Cardano with regards to utility. The latter’s smart contract capability which allows users to take part in the decentralized finance (DeFi) sector makes it certainly one of the cryptocurrencies with probably the most utility available in the market.

On this regard, Cardano wins out because its utilities establish it as a digital asset with a much higher probability of success over the long run. It also makes it a very good investment for those looking to speculate within the technology fairly than simply attempting to make a fast buck.

In conclusion, DOGE’s performance is carried entirely by hype, meaning that it’s more of a big gamble to speculate within the meme coin. Relatively, ADA works higher for investors who plan to remain available in the market for the long run, in addition to be a component of future advances in blockchain technology.

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