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Cardano (ADA) Might Soon Become a Top 4 Cryptocurrency

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Cardano
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Every cryptocurrency’s goal is to rise high on the list of largest cryptos, and Cardano (ADA) might soon get that opportunity. Let’s see why this may happen soon.

About Cardano (ADA)

CoinMarketCap has become one of the biggest and most visited websites for tracking the progress of cryptocurrencies around the world. Whenever someone wishes to check their favorite crypto’s price, progress, or stats, this is usually where they end up. As such, CoinMarketCap also offers a list of all cryptocurrencies, ranked in a specific order that shows their success and market cap.

Due to its popularity, every coin wants to be seen among the top ones on CoinMarketCap’s list, with Cardano (ADA) being one of them as well. In fact, this coin might soon become the new holder of the fourth place on CoinMarketCap’s list. This is due to the fact that its popularity continues to grow, and that the coin has performed rather well when all other cryptos failed.

Cardano currently holds the 8th place on CoinMarketCap’s list, with a market cap of nearly $4.5 billion, and a current price of $0.172924 per coin. However, despite the low price, Cardano has been one of the most stable cryptocurrencies this year. The only large changes in its price were at the beginning of the year, when all cryptos flourished, and in mid-May. On both of these occasions, ADA’s price went up, and the coin has performed really well.

Of course, soon after, the price returned to its current value, which is mostly where it remained ever since January. This is proof of Cardano’s stability and control over its assets, which is a good thing since it allows us to see that the coin is not a dangerous investment. All sudden changes to ADA’s price so far were positive, which inspires trust.

Now, the market seems to be crypto-friendly again, and ADA has started experiencing another price increase, even though it is slow and careful. This shows us that the coin isn’t rash and that it won’t ruin its investors as soon as the conditions become less than friendly once more.

How can ADA reach the fourth place?

ADA has a good, strong team behind it, which dedicated a large amount of time to the creation and development of the coin and its technology. Where other cryptos were quick to launch their coin and see what happens, Cardano’s team took it slowly and did the job right. Not to mention that it is led by Charles Hoskinson, who was the coin’s co-founder, and is also known for being a co-founder of Ethereum.

Hoskinson has proven to be very capable in the crypto field and has created an equally as capable team to work on this coin. Recently, however, he has become known for some extremely optimistic statements, expecting the crypto world to receive trillions of dollars from the Wall Street. Another big statement of his came quite recently when he expressed hope that ADA will become a first trillion-dollar coin, which would prove that it is self-sustainable, and a strong, positive force in the crypto world.

As mentioned previously, Hoskinson has proven to be capable and having his feet on the ground. If such an individual decides to predict things like these, there is a good chance that his predictions may come to pass. If this happens, then ADA has more than a good chance to become the 4th biggest coin on the market and beat its competition. For now, nothing of this is certain, of course. However, it is probably a good idea to keep an eye on Cardano and be prepared for a lot of positive development.

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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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Bitcoin crash
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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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