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ADA Cardano News: ADA Joins Bittrex and Abra

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Despite the crypto market’s bearish nature returning once again, recent ADA Cardano news still managed to remain mostly positive.

ADA Cardano news allow investors to stay optimistic

This year has been marked as one of the worst ones in the recent history of cryptocurrencies. Ever since mid-January, cryptos have been experiencing price drops almost constantly, and bad news continued to pile up. However, despite this, there were a few coins that have made progress, even though their prices went down with the rest of them.

Cardano (ADA) is a crypto that has experienced a significant increase in visibility and exposure, even though its price followed the behavior of the rest of the market. The most recent positive ADA Cardano news have seen this coin joining some big exchanges, with Bittrex being the most important one. In adding ADA, Bittrex exchange added to the coin’ popularity, confidence, and trust.

Another big and positive Cardano news includes the coin joining the Abra wallet. These two entities made a big step towards mass crypto adoption, and have made a big step ahead of the others.

Cardano joins Abra and Bittrex

Cardano’s addition to a known exchange and wallet are a clear signal that the demand for digital assets and fiat currency is there. Still, the fiat pairing will not include all cryptos, since there are strict parameters that the coins need to meet. Mostly, the listing will only include those coins that have a potential for extra liquidity.

Cardano is definitely one of them, but it seems that ZCash might be another such coin. When it comes to Cardano, its goal is to achieve mass adoption primarily in developing countries. The population of these countries usually has very limited access to banking services. The problem grew even more since the fees for such services skyrocketed. However, the population of developing countries still has an access to smartphones and the internet, which is all they need to make use of Cardano. Now, through partnerships such as Abra and Bittrex, ADA is one step closer to offering its services to these populations.

Right now, Bittrex is only processing those deposits that came from the accounts created prior to September 4th. Ensuring that all accounts are KYC compliant is a lengthy process, so it might take some time before the platform completes it. Still, for those looking for good ADA Cardano news, this one ranks pretty high.

Additional benefits to the partnership with Bittrex will include quite advanced security levels and very low transaction fees. ADA pairing is also much more secure than USDT pairing since this option tends to erode the value of other coins due to market’s volatility. ADA has no such issues and can provide its traders with a direct link to numerous fiat currencies.

The timing of these partnerships couldn’t have been more perfect for everyone involved. The current crypto market situation is getting worse each day, and crypto/fiat interaction is dropping alarmingly. Even though this Cardano news did not really improve the price of the coin, it still gave it quite a boost.

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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

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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