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Reasons why Cardano (ADA) will become the next crypto leader

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Cardano ADA
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We are all experiencing the hype of the market upturn (yeah, the last 24-hours haven’t been that good again, but neither not that bad), and that’s precisely the reason why we are starting to look for options that may represent the best acquisition in terms of profitability.

In this sense, one of the crucial facts to consider to bet for the right candidate is the network or blockchain platform behind the asset, and it worths to mention that the stronger the platform, the higher the chances of ruling the market at some point.

With relation to this, one the best examples of the above mentioned is Ethereum (ETH), the second largest cryptocurrency of the market, or as it is called often in the sector, the silver of the crypto world. Ethereum has become the preferred platform for the launch of ICOs and smart contracts, and this has represented a great opportunity for the token in terms of adoption.

However, does the Ethereum platform has something to improve? Sure it does! And that’s precisely what Cardano (ADA) is aiming to attack. Most of the problems of the blockchain platforms center on scalability, interoperability, and sustainability, and that’s mainly what Cardano (ADA) has envisioned from the beginning.

Charles Hoskinson, the CEO of the crypto has carefully designed a platform full of research that aims to be a great option for holding smart contracts, dApps, and ICOs, but also, the solution for some of the most outstanding issues of the second generation of cryptos.

To say the least, Cardano is eager to transform the sector with strategies never deployed before. In fact, Hoskinson is also envisioning to develop a solution for communications between crypto networks and external financial institutions such as bank entities.

With respect to this, it is well known that because of the crypto nature, all of the tokens are decentralized and private, and this has represented a serious issue for many entrepreneurs that over the last two years have been having problems with bank institutions that require an explanation of their ICO funding.

As a response to this, Hoskinson is working as well in the creation of a network that allows both financial worlds to carry communications fluidly without interfering with the essence of the sector.
Furthermore, Cardano plans as well to explore new markets such as Africa, and Central and South America.

In fact, the crypto is willing to displace M-Pesa as the preferred payment platform of the African region. M-Pesa is a mobile application that was launched in 2007 in Africa to allow citizens to transfer money, ever since then it has been the preferred solution in this matter.

Conclusion

Without any doubts, Cardano (ADA) is a game player, and we can all be sure that Hoskinson will work tirelessly in the seek of the best solutions for all of the issues that the crypto world faces now. At the moment of writing, Cardano (ADA) places number 9th in the charts, with a price per token of $0.104. Would it climb any soon? Not just one or two but multiple things hint so, stay tuned.

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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 Jehyun Sung 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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Altcoins

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

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TRON
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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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