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

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Cardano
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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.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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