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Cardano (ADA): What to expect ahead?

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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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