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Cardano could bring out the next crop of crypto-millionaires by 2020

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By now you must have heard about Cardano (ADA) considering the amount of attention it has been getting of late. Launched in September 2017, Cardano (ADA) has managed to quickly make a name for itself as one of the top 10 virtual currencies in the market with a market cap of $3,381,881,920 (at the time of press).

If you are wondering what the future holds for Cardano (ADA), then you are reading the right article. In this writing, I am going to try and share with you relevant Cardano price prediction giving you also an overview about Cardano (ADA) and what makes it stand out.

What is Cardano (ADA)?

Like Ethereum, Cardano is a blockchain technology that was created for the development of smart contracts and decentralized apps. And just like Ethereum where Ether is the digital currency or token used to facilitate transactions on its platform, ADA is the default virtual currency for Cardano’s platform.

However, Cardano offers superior technological improvements over other digital coins such as Ethereum as it aims to develop an accessible, interoperable 3rd generation blockchain. Shockingly, the brain behind Cardano (ADA) is non-other than one of Ethereum’s co-founder, Charles Hoskinson who conceptualized it in 2015 and later launching it in 2017.

Cardano’s Investment Brief History

Unlike other virtual currencies, Cardano did not commence with promotions immediately after formation. In fact, the now number 7 cryptocurrency in the market was worked on for over two years before the management decided to launch it to the public.

Within a month into existence, the digital coin became popular in the crypto market getting listed in some of the leading virtual currency exchanges in a short time. The value of ADA, which was initially at 0.021 US dollars at the time of launch, hit a high of 1.22 US dollars early this year.

Value growth of over 5,000 percent in barely four months. During the same time, Cardano’s market capitalization grew from $0.56 million to a whopping 31 billion US dollars.

Investors found the digital coin as a viable investment asset due to Cardano’s substantial technological superiority it offers over other virtual currencies, and due to a competent and transparent team behind its operations.

Cardano (ADA) Long-Term (2020) Price Prediction

Different crypto analysts have conflicting opinions concerning Cardano’s price prediction for the year 2020. For instance, the technical analysis done by longforecast.com show that Cardano’s price valuation in December 2020 might be at $1.89 which is seen to be a more realistic forecast for the fast-growing crypto.

In regards to its position in the market, there is an alternative prediction for the digital coin:

  • Virtual currency investments will replace fiat currency which will drive the supplementary adoption and development of the virtual currency.
  • The Eastern Pacific looks to be warming up more towards Cardano raising the speculations that it might be used widely in that area.
  • Cardano has the potential to become one of the top-5 virtual currencies in the market although LTC, Ripple, and other cryptos offer it tough competition.

However, Cardano (ADA) future prices depend on market shifts and waves, and it is paramount to note we cannot give exact predictions since more superior cryptos and blockchain technologies keep on popping up from time to time. Still, all in all, as things stand, Cardano is ‘red hot’ investment opportunity and could have given the birth to many cryptocurrency multimillionaires when we reach 2020.

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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.

Image courtesy of Maxpixel.net

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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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.

Mission Statement

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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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