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
How Can Foreigners Get Loans in Singapore
Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.
At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary.
What defines a foreigner in Singapore?
A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…