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.
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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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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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