Connect with us

Blogs

Reasons why Cardano may be a better bet than XRP or Litecoin in 2018 ahead

Published

on

Cardano XRP Litecoin
READ LATER - DOWNLOAD THIS POST AS PDF

Now that the crypto market seems to be on its way to get back in the business, one of the things that the community has been questioning the most is which would be the best crypto to put the bets on for what it remains of the year 2018.

Let’s recall that last year this was a ubiquitous question as well and that only those who made the right decision ended up obtaining great profits, which is precisely what most of us want to respite at the end of this year.

In this matter, two of the most desirable candidates are Ripple (XRP) and Litecoin (LTC), but is it possible that we have another reasonable option in the market? Well, it all seems to point that we do, and it is nothing less than Cardano (ADA), the “decentralized public blockchain and cryptocurrency project” that is currently at the 8th position of the market charts.

Let’s study the main disadvantages that both the Ripple’s XRP and Litecoin (LTC) token have over Cardano (ADA), and why Cardano seems like a better (at least as good as them if not better) option of investment in the coming months of 2018.

XRP and Litecoin (LTC) disadvantages

Ripple (XRP) or just (XRP), as it is most likely known these days, has been struggling with the fact that the Security and Exchange Commission (SEC) may be following the trace of the coin in order to set a dictamen on whether or not should the token be classified as a security.

In this matter, one of the moves that Ripple Labs made was to differentiate what Ripple (the company) is, versus the digital asset XRP, and the way it functions, but the truth is we still have to wait a bit to see what will happen regarding the classification.

Furthermore, the company is currently facing three different lawsuits that accuse the crypto of being a security, so this for sure is something the company needs to surpass before being a good candidate of investment during the last two quarters of the year.

In relation to Litecoin (LTC), the story is actually not that different. In fact, Litecoin (LTC) has been struggling for a couple of months now with the discouragement created after the recent Litepay failure, a fact that the company is currently trying to fix via an alliance with a German bank with which it is planning to link fiat and crypto as a unit. Similarly, the token has been very much criticized by the behavior of the CEO of the company that after a large number of critics has started to get defensive with messages such as the following:

“I’m trying my best to get LTC to $400 so people like you will stop shitting on me all the time. Who abandoned LTC?!”

What’s exciting about Cardano?

As it was recently confirmed, Cardano (ADA) is now one of the privileged tokens in the market that is being considered by Coinbase to be listed anytime soon (alongside other candidates such as BAT, XLM, ZRX and ZEC), a fact that, naturally, has created a lot of traction around the crypto.

Let’s recall that during the hard times that the crypto world experienced not so long ago, Cardano (ADA) was one of the most solid tokens in the market, having acceptable performances day after day. And additionally, the crypto is the first virtual coin of the market that is centering on research to set a milestone in the growth path.

We can all agree that great things may be happening with the coin in the coming months, and this is something that is confirmed with the asseverations of the CEO of IOHK and co-founder of the company, who expressed:

“I would love to see Cardano as the first trillion dollar cryptocurrency and the reason being is that that would effectively mean that we have built a self-sustaining economy.”

Indeed, Charlie Lee is fighting as hard as he can to bring Litecoin up (and he probably will be successful in that in the end, too), and Ripple Labs is working over the clock to get things fixed for the token, but Cardano (ADA) has excellent moves under its sleeve that you must not miss. The blockchain has an incredible real-life-use purpose, invest by studying the purpose and not just seeing the hype about any crypto. Over to you.

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 Maxpixel.net

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite