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

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Cardano XRP Litecoin
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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.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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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,…

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Elite