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

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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

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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