Connect with us

Blogs

Cardano (ADA): An altcoin driven by the scientific philosophy

Published

on

Cardano
READ LATER - DOWNLOAD THIS POST AS PDF

Cardano (ADA) is a relatively new cryptocurrency (released only last September 2017) that is making a lot of noise in the market and growing in spectacular fashion. It is hailed as the only currency based on sound scientific philosophy, open source software, and peer-reviewed work. One of this coin’s features is that it includes advanced contract handling from the get-go. That has made loyal followers out of many traders, investors, and enthusiasts.

Cardano’s e-Wallet is called Daedalus, and it’s like no other one in the market. It gives users the ability to activate decentralized applications within the cryptocurrency’s Blockchain. So, it’s both very powerful, versatile and safe.

Because of the many benefits it has, this coin has been rising unwaveringly since it arrived in the market. It’s trading at $0.32519 right now, which is an incredible 9.27% increase from its price from 7-days ago.

This is a currency that, despite being so young, is fully featured, it’s grown dramatically, and it has earned a very loyal user base globally – so, it’s worth it to have a look at its current situation and at Cardano’s development plans.

Cardano’s capitalization is already higher than what Litecoin enjoys. It’s worth over nine billion right now, which is an impressive feat to achieve in only eight months. It’s the worlds sixth preferred coin, according to Coinmarketcap and if things keep going as they have so far, it’s going to continue rising in value and market share.

Cardano’s value is anticipated to keep growing this year

Cardano has been rising in value ever since it was launched. It has increased 1500% in a short period.

Traders, investors, and experts like the currency’s exceptional features. Besides that, developing the platform is easy because Cardano is made through open-source, and the peer-reviewed philosophy they promote makes everything transparent and easy to follow. 

The team behind Cardano’s ADA is highly competent and active. When you have all those things combined in a single cryptocurrency, chances are it will be stable, strong, and the usual fluctuations that hit the altcoins markets won’t harm it much.

Cardano bets on gambling

Among the pending questions that surround the Blockchain technology is, can it be used in casino games? This is a serious issue because if a gambler wins a big price and wants to collect it as a cryptocurrency then the transaction is bigger, slower, and more expensive. It’s easy to see why this would be a problem for a practical gaming system based on altcoins.

In a recent whitepaper, Cardano announced that they already have a gambling game that can be both fair and based on cryptocurrencies. Moreover, their game would not include any kind of transaction charge. Should they succeed in this enterprise, they would not only become one of the leading coins in the world, but they would also have all the casino business for them alone. 

Cardano’s hardware wallet

A hardware wallet has many advantages. It improves security significantly because it’s mostly kept offline. While Cardano’s security is not in question at all, their new hardware wallet (launched last February 1st) is highly secure and capable of keeping any digital threat at bay. This increases investor’s confidence in the coin’s safety.

Attractive buying price

At the coin’s current price ($0.32519), it’s still cheap enough so you can buy it in high volumes but the prospects for growth are there as well. Cardano will inevitably become the year’s big opportunity to do great in the industry.

Steady and silent rise to the top of the coin industry

Cardano’s growth has been very quiet, but it’s been very steady as well. Keep an eye on this currency as it is expected to keep growing and become one of the market’s big players sooner rather than later.

For the latest cryptocurrency news, join our Telegram!

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 Britany G via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Elite