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Cardano (ADA) might lead the new era of the crypto world

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There are many things hinting towards Cardano (ADA) becoming the leader of new crypto era ahead; we’ll focus as to ‘why we believe so’ here in this post. So, we all know how important it is to make the right decisions when it comes to acquiring a certain crypto, and of course, by ‘right decision’ we mean to choose the coin that offers the more profitability, as well as the best characteristics in order to resolve any of the issues that exist now in the sector.

In this sense, the typical concern is ‘what crypto should I invest in?’, a thought that is in our heads constantly whether we are investors or enthusiasts and things get even harder once the market starts showing some bullish moves such as the ones that we could see till yesterday in the cryptosphere.

It is because of this that now many crypto users are thinking of what would be the best decision to make in the following days, and for that, we may have the answer. Stay with us, and let’s discover why Cardano (ADA) is the coin that may lead the new era of second-generation cryptos!

What Cardano has to offer

Cardano (ADA) is a coin that was introduced to the market by no one else than Charles Hoskinson, a businessman who happens to be as well the co-founder of Ethereum and the founder of IOHK (the firm behind Cardano).

Hoskinson designed Cardano (ADA) to be the next-in-line crypto and the main competitor of Ethereum; and logically, he has made sure to deploy the greatest updates to resolve the issues that the Ethereum network has not resolved so far.

It is well known that Ethereum has managed to be the second crypto in the market by becoming the preferred platform for smart contracts and ICOs to be launched. However, there are several issues in which the existing platforms still are not that skilled, and that is precisely the moment when Cardano enters in the picture to become the solution for the Ethereum and cryptocurrencies problems in general. Some of the main deficiencies are:

  • Safety: Most cryptocurrencies struggle with safety problems with the information they manage. In this sense, Cardano offers a layered architecture that guarantees the security of Smart contracts in the platform. This basically means that as the platform is divided into layers, one process is deployed completely independent from another, which as a result, makes information handling a not-shareable thing.
  • Communication: Communication between networks is always a complicated thing, especially, because there’s not a way to confirm where specific funds are coming from. And this has been precisely a significant problem when someone aims to create a start-up in the form of an ICO because it would be mandatory to inform the bank of the origins of the funds, which in essence, it’s just against crypto nature. Cardano aims to solve this issue by providing a space in which communication would not be a problem.

Also, Cardano aims to attack new markets. For instance, Africa, South America, and Central Asia, which are places somehow unexplored by the crypto sector.

In fact, Cardano (ADA) launched the M-Pesa’s payment system back in 2007 in Africa, a moment that was crucial for the region as mobile phones have a boom in the industry, and through M-Pesa African citizens can easily deploy payments through their phones to several places around the world.

Conclusion

Cardano (ADA) is one of the cryptos in the market that studies the conditions of the sector the most to provide accurate solutions. It won’t be a surprise if the token manages to lead the second generation of cryptos in just a matter of months. So stay tuned, great things are coming with this crypto!

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Ashley Knedler on Unsplash

Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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