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Cardano (ADA): What to expect ahead?

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Cardano

It will not come as a surprise if you happen to already know about Cardano (ADA) as the cryptocurrency has been receiving a lot of attention lately. Introduced fairly recently to the market, in September 2017, Cardano has quickly made a name for itself managing to be one of the leading top 10 virtual currencies in the market with a market cap of $1,788,102,362 at the press time.

If you are curious about the future of Cardano (ADA), then you are in the right place. This article is going to try and shed some light on the expected cryptocurrency’s price prediction giving you an overview of ADA and the factors that make it special. Hopefully, by the end of this article, you will have learned about Cardano’s historical investments trends and future predictions.

A Brief Introduction to Cardano

Cardano is the blockchain technology that allows ADA to function. Apart from functioning under the Cardano platform, ADA happens to be the blockchain’s default virtual currency, having the co-founder of Ethereum, Charles Hoskinson, as the main brain behind the crypto project.

His co-founded Ethereum virtual currency is widely known and respected all over the financial sector as well as the crypto world since the project is one of the major innovators of the development of smart contract technology that allows smooth token exchanges. Despite the achievements, Charles is not stopping at that, as he is looking into ways to take his crypto game to the next level by coming up with solutions that are bedeviling the new generation of cryptocurrencies.

Some of the obstacles that are affecting most of the virtual currencies today are scalability, sustainability, and interoperability. What Cardano (ADA) does is to offer an architectural foundation layer that allows it to lead in the security and safety of smart contracts.

The interaction between cryptocurrency platforms and banks such as virtual networks is another noteworthy challenge that majority of cryptocurrencies are facing. Thanks to the idea of anonymity and privacy when using virtual currencies, it is difficult to determine the origin of digital assets when transacting or transferring virtual coins from one entity to another.

Cardano (ADA) 2019 Price Prediction

Currently, Cardano (ADA) seems to be feeling the crypto-winter cold as it has been on a downward trend ever since recording its highs. Still, this long-term downfall in value could turn into the accelerator for a breakout shortly.

At present, one of the most significant achievements the team behind Cardano has done is to introduce a newly advanced paper wallet that is safer and more efficient to use than previous paper wallets. Although wallets may appear inferior when you talk about virtual currency, they happen to be important than the digital coins as they dictate the safety of your virtual coins.

Investors require a safe and secure place to store their digital coins. The new and improved Cardano wallet is not only safeguarding investor’s virtual currencies, but it is also boosting Cardano’s credibility making investors and traders more likely purchase the crypto.

Over the past few days and weeks, there have been a few factors that are sure to affect the price valuation of Cardano (ADA) positively in the coming few months if not weeks. Some of the factors include:

Charles Hoskinson speech on Cardano Foundation, Head of IOHK

Typical to his larger than life character, Charles is one man that has a popular name just as the brand he represents. In the cryptocurrency sphere, it is normal to find digital assets that are more popular than their counterparts when viewed in various categories. The same applies to company leaders and development teams. From the speech he gave, Charles surely gave resounding hope to investors on the bright future of the digital coin.

Cardano is improving its scalability

As one of the major challenges in the crypto market, Cardano is looking into ways it can tackle the issue of scalability in its platform by introducing recent technical updates. By doing this, Cardano will be able to accomplish its primary goal of providing inexpensive and simple financial services to close to 3 billion people around the world.

Coinbase Announcement of ADA’s Listing on Coinbase

This has been one of the most commented about news in relations to the Cardano platform. According to Coinbase press release in July, the crypto exchange market disclosed plans to list ADA on their platform, a move that is expected to have positive outcomes on the digital coin.

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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 JanBaby/Pixabay

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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