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Cardano (ADA): What to expect ahead?

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Cardano
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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

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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Altcoins

3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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