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Cardano (ADA) Markets Fuels After Binance Announces New Trading Pair

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Cardano

Cardano (ADA) has always been more than just a cryptocurrency, it provides developers with a platform where they can create dApps, smart contracts and token issuance using various coding languages. Cardano has been experiencing a steady gain since the announcement of upcoming shelly release with staking pools. The market condition for this cryptocurrency is going well so far and with the recently announced new trading pairs on Binance (one of the biggest and most influential cryptocurrency exchange) has lifted Cardano’s value and uncoupled it from Bitcoin.

Cardano’s Performance (Prior Binance Announcement)

Cardano needed an uplift to stay in the green and finally, it got the much-needed boost from Binance new trading pairs announcement yesterday morning. Although it is ranked as the 7th biggest cryptocurrency on CoinMarketCap. It was a disappointing day for trading in the cryptocurrency market and many coins suffered from a definite decline because of U.S tax return day. Even the crypto giants such as Bitcoin, Ethereum and Ripple couldn’t stay immune to such market conditions. But it was Cardano that outshined all of its adversaries and wasn’t dragged down so low.

On Monday, the announcement of listing Cardano on Huobi Pro (China’s biggest and second largest exchange of the world) created an uphill trend for ADA and kept it stable while the market experienced its ups and downs. Listing on Huobi pro is a milestone in itself for Cardano because now the coin has a chance to enter one of the major cryptocurrency markets in the entire world. Chinese traders are flocking towards newly enlisted coins and there’s a good sign that this trend won’t wear off for long.

Announcement of Binance

Cardano has been listed on Binance but it was coupled with Bitcoin or Ethereum. Which means ADA was traded only with these two pairs. But on Tuesday, Binance declared that they’ve expanded Cardano’s trading pair and introduced ADA/BNB (BNB is Binance coin) and ADA/USDT trading pairs for traders. The reason why this news is a pretty big deal is that now traders are now provided with the flexibilities of trading Cardano (ADA). Nothing could expand trading opportunities for an Altcoin more than having their trading pairs expanded by one of the biggest cryptocurrency exchange. This announcement came out at a preferable moment. Just when the Huobi listing was about to wear off. All of these events including the upcoming release make Cardano, one of the best coins to hold at present.

Cardano’s Performance (Post Binance Announcement)

The announcement created a spike in Cardano’s market value and the investors have created a pump-like situation for Cardano after the announcement of expanding of trading pairs on Binance. Trading against Binance coin and Tether which is U.S dollar equivalent for traders indicates that there’s going to be an increase in the trading volume of ADA in the coming days as it already took over 5% of the total crypto market trading volume. Its features such as ease of developing using several languages, the low transaction fee is attracting more investors and new adoptions all over the world. The organizational superiority of Cardano is now evident and the anticipation of what comes next is doing its job and keeping ADA up by 4.77% on CoinMarketCap.

Future Prospects:

The best thing about a pump is the sight of rising prices, reaching peak values and all around healthy growth. Cardano has recovered from the previous dip with a gain of 67.63% in the last 7-days. ADA has been reportedly grown more than 22% overnight and its currently at $0.252 with a market capitalization of $6.55 billion. $610 Million worth ADA has exchanged hands during the past 24 hours. But the worst thing about a pump is that it is always followed by a dump. Although Cardano’s performance is going well so far, it’ll be wrong to comment whether these conditions will remain in the coming days.

Conclusion

The volatile nature of cryptocurrency’s market forbids its traders as well as investors and analysts to make predictions and only promotes a comprehensive preparation for the days to come. Even though there are dump signals apparent along Cardano’s path, it remains one of the top 10 major cryptocurrencies and an outstanding project that has more to offer in the coming days. So, it’s better to hold on than missing out once the bulls take control.

We will be updating our subscribers as soon as we know more. For the latest on ADA, sign up for 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 K putt via Flickr

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners 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 houses many International students attending many esteemed Singaporean Universities.  

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

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Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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