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Cardano (ADA) creating shivers through Ripple and Ethereum’s (ETH) spine

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Cardano Ripple Ethereum
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Earlier this year, Cardano (ADA) surprised the market with its fever that went viral for a couple of weeks if not months. Those who suffered from this ailment were prone to talk about the coin constantly together with its projects. The infected ones were also seen to predict and hope for a wonderful market performance for this year as the digital coin and its management dedicate themselves to delivering on promises concerning its road-map.

And by looking at the coin’s fundamental concepts and roadmap, it is safe to say that once the Cardano (ADA) mainnet is live and running, the digital currency will give the more relevant coins such as Ethereum (ETH) and Ripple (XRP) sleepless nights as I will try to elaborate.

Ranked as the 7th most popular virtual currency in the world with a market cap of more than 3.7 billion US dollars, Cardano proves itself to be one of the most notable crypto projects in the cryptocurrency ecosystem. According to Weiss Ratings that were released in May 2018, Cardano was rated to be one of the most promising currencies in the digital sphere having a trustworthy and transparent team.

Cardano (ADA) Vs. Ripple (XRP)

As many might not know, Cardano (ADA) is a virtual currency that facilitates quick and direct money transfer on its blockchain network. On the issue of transaction speeds or durations, the number is yet to be confirmed by the Cardano team; many analysts differ on whether it beats Ripple’s 3.3 seconds per transactions. If these assumptions are anything to go by, Cardano might be the fastest virtual currency and blockchain technology out here to initiate and implement transactions.

Also, Cardano’s platform is believed to run financial applications that can be used for daily activities by regular people like you and I, by institutions, and by nations. From the sound of it, it sounds like Cardano (ADA) will be competing with Ripple’s projects namely, xCurrent, xRapid, and xVia.

Thanks to their worthy developers, the Cardano network is developed in layers that give the system the flexibility and capability to be easily maintained and upgraded. Cardano is usually upgraded using soft forks, and given its upgradable capability, Cardano (ADA) competes hand in hand with Ripple which also is upgradeable. Ripple released their recent upgrade, Ripple v.0.90.1.

Moreover, when it comes to price, Cardano is way cheaper and affordable compared to Ripple (XRP) in the virtual currency markets at present. It offers an untapped source of investment since there is no much hype around the digital token at the moment given that the Cardano blockchain project is run as a non-profit project.

Cardano Vs. Ethereum

In the case of the Parity incident, Ethereum’s smart contracts have proved itself to be vulnerable considering the case where a random user managed to lock up and hold hostage over 200 million US dollars of Ether in the form of a smart contract. Cardano also has the capability of offering smart contracts on its platform more securely and at a shorter period compared to Ethereum.

All in all, Cardano seems to be a present and future threat for both Ethereum (ETH) and Ripple (XRP). Keep an eye on this crypto; it’s not just another blockchain project, it’s something ‘real’ in the making.

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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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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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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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Top 3 Coins to Buy Before They Go Big

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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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