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Here are 3 Reasons to Go Hard on Cardano (ADA) Before Institutional Investors Discover It

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Cardano

The crypto-markets are abuzz with news of a resurgent Bitcoin (BTC). The King of Crypto made some enormous gains last week that even John McAfee was wondering if this was another Bull run. The past week has been amazing and many crypto-enthusiasts believe this is the beginning of something great with the daily discoveries of more and more institutional investors getting into crypto.

There is the BlackRock investment firm that has declared its interest in blockchain technology as well as cryptocurrencies. There is the Swiss-based SIX stock exchange that plans on launching a fully integrated crypto exchange. Coinbase has also launched the Coinbase Custody service to store the digital assets of institutional investors and high net individuals.

This then brings us to three reasons why you should get some Cardano (ADA) before the institutional investors get wind of the wonderful digital asset.

To begin with, Cardano (ADA) is the cheapest digital asset in the top 10 according to market capitalization. ADA is currently trading at $0.166 at the moment of writing this. One can argue that there are too many ADA coins in circulation. There are currently close to 26 Billion ADA in circulation and a total supply of 31.11 Billion. But this is still less than the circulating supply of XRP (XRP) which stands at 39.3 Billion coins in circulation and another 60 Billion owned by the Ripple company.

This, in turn, means that once the ADA platform has integrated all the planned layers and protocols, the coin has the possibility of eclipsing XRP at an astronomical rate.

Secondly, and as mention, the ADA platform is currently being developed in layers and is the product of some elegant scientific research and work. The first layer of the platform is the settlement layer that is linked to a control layer. The latter is where there are plans for integrating smart contracts. There is also the ongoing decentralization through the Shelley protocol. Cardano is completely open-source like its predecessor, Bitcoin. Think of ADA as an improvement of Satoshi Nakamoto’s vision of a cryptocurrency and decentralization. More information about the project’s progress can be found on its roadmap page.

The third reason to go hard on Cardano (ADA) is the simple fact that has been highlighted in the title of this piece. The institutional investors are yet to get into crypto 100%. The ones that are already in the industry, are probably more focused on the big five coins of BTC, ETH, LTC, ETC, and BCH. Notice we have not mentioned XRP because it has a lot of pending cases and additional SEC scrutiny. As a matter of fact, ADA could replace XRP as the next digital asset in that list to make it the sixth crypto in the big 6 coins everyone wants to own.

Summing it all up, we are at the cusp of something monumental in the crypto-markets. The last 6 months have thinned the herd in terms of who is still left owning cryptocurrencies. The ones who are left, know that the big money from Wallstreet is coming and it is coming in like a tsunami. Therefore, it is wise to stock up on coins with potential such as ADA.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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