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ADA April analysis: Cardano grows 53% over last 30 days

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Cardano
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Cardano has been making impressive developments in the recent past; asserting its mark as a valuable digital asset, giving its holders hope of getting high returns in the long run. Cardano (ADA) is now among the top 10 most respected cryptocurrencies in the world. Having catapulted its way to 7th position by market capitalization, Cardano’s market cap of more than $7 billion places it firmly between Litecoin and Stellar.

Due to the volatility and fluctuation in prices of the Bitcoin, the digital currency with the highest market capitalization ever recorded, a block of cryptocurrency traders are shying away from Bitcoin and moving towards other alternatives and Altcoins. Cardano certainly falls under this group of other options.

Cardano (ADA) 101

Charles Hoskinson, while carrying out his work on Ethereum, set out to form a blockchain that is equipped to deliver scalability, sustainability, and interoperability sufficiently. That’ when he came up with Cardano in September 2017, a Daaps platform that is powered by smart contacts. It has similar functionalities to Ethereum and NEO, and it can be used to create digital tokens as well as supporting side chains.

Despite the digital coin being in its infancy stages, ADA’s development team is continually working on new features for the convenience of their traders. It has also managed to accumulate a formidable growth of more than 50 percent in April, thanks to constant technological developments and a stream of mega exchange listings.

Biggest Chinese Exchange Listing Cardano

The April 16th announcement by Huobi, the second largest exchange in the world and China’s largest cryptocurrency exchange, announcing the listing of Cardano came as a significant boost for the digital asset. In a declaration by the exchange platform itself, it was made known that depositing ADA would be availed on April 16th on the Huobi Pro International trading platform, and trading would start a day after the listing.

The announcement saw the smart contract token rise reinforcing its bullish hike and raising euphoria among the coin’s lovers.

Technical Developments of ADA

As many crypto coins’ holders grow tired of accepting the limitations and flaws of their tokens, their complains and frustrations remain as it is – in most of the cases. This coin is different.

Indeed, the Cardano team has been making considerable improvements in their core architecture through technological developments. One of the significant technical updates the platform has seen includes its Daedalus Wallet software upgrade, being made in March.

Daedalus is the default wallet provided by ADA blockchain for storing their coins. Last week, Cardano’s development team successfully implemented the asynchronous wallet restoration feature for its users’ convenience that will make Cardano more accessible and user-friendly to traders.

The Future of Cardano

In the ferocious competition face, Cardano has managed to be the most sought-after cryptocurrency; by both, the experienced and inexperienced traders at the moment. Its $7 billion cap in just but months alongside securing a major exchange listing establishes ADA as an essential trading commodity to follow.

The ADA to USD price shot up to $0.13 this past week from a price of $0.02 – a piece that had stuck for months. Daily trade volumes have also caught steam as buying and selling are picking up. Besides, as the development crew prepares to launch smart contracts accompanied by its IELE Virtual Machine, the bullish flight of Cardano looks impressive and pretty much worthy of studying closer.

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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 Jonathan Pagel via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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