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Cardano (ADA): Reasons Why Cardano Might Be Your Next Big Investment

Cardano, known under the abbreviation ADA, is a top-notch coin ranked at the 5th spot on the global coin ranking list. This is the case thanks to the fact that Cardano isn’t just a small randomly designed coin made to earn some profit for developers, investors, and holders – it is a coin with a purpose: and obviously a good one since this digital token has many hidden potentials when it comes to both investing and operating with. Let’s check out all the reasons why Cardano might potentially become your next great investment.
What is Cardano all about?
If compared to another fellow digital token, Cardano is more likely to be closest to the way Ethereum works. The way this token is similar to Ethereum platform reflects the usage of smart contracts within Cardano system. ADA is hosted on Cardano blockchain-based network, and the main purpose behind this token isn’t transferring all transactions to decentralized platforms. It rather represents the idea of having banks easily operating with their clients’ funds and accounts.
Besides from creating a decentralized platform similar to Ethereum, Cardano creators have gone a step further in securing the system. So, instead of having a decentralized system that allows users make completely anonymous and encrypted transactions at low fees and fast speed, they are looking for a way to regulate the blockchain system while also respecting the needs users.
That means that Cardano developers are trying to find a perfect balance between having a decentralized platform with present regulations that will not in any way jeopardize either privacy of users or integrity of decentralized platforms. This can be a very tough task to do given the fact that blockchain networks are highly unregulated.
Many people claim that decentralized platforms should be immune to such regulations because no regulations mean freedom for them. But, what these peps might be missing along the road is the fact that the regulations implemented within the Cardano platform may mean more stable and more secure network. These regulations aren’t made to propose any third parties getting involved with different processes and transactions occurring within this platform, but to rather enable a more functional ecosystem.
That is why Cardano is using Haskell. Haskell is a programming language that has a high level of tolerance for mistakes. That means that Cardano is looking for a solution that would enable its blockchain core to obtain flexibility. The flexibility of decentralized platforms and tokens hosted on these platforms is more important that you might think. This is the case because blockchain technology has no defined future, so we cannot be sure in which ways may blockchain technology along with decentralized platforms evolve and change. So, by using Haskell, Cardano developers are making room for fault factors – in case an error occurs, Haskell will enable fast bounce off of the system, which is precisely the thing a decentralized platform would need in case of a “breakdown.”
How well is Cardano doing at the Current Moment?
Currently, Cardano is ranked as the 5th best coin on the global coin ranking list, although it is currently suffering from decreases.
Cardano is now worth 0.37$ per one unit, with the latest decrease of a bit over -4% against the dollar. But, as we have already mentioned, decreases don’t mean that the coin is losing on its true value. After all, Cardano is presented as a promising coin given the fact that the developers of this platform and ADA tokens are stepping up their game by providing a unique experience of having a mildly regulated decentralized platform that should enable faster banking systems, especially in the developing world.
In case you take a look at the market, you will see that Cardano isn’t the only token losing on its price – there are more coins suffering from decreases, than coins enjoying having increased prices at the current moment. So, having ADA tokens suffering from decreases isn’t an isolated case.
What 2018 Could Be Like for Cardano?
The developers have scheduled a meeting for February 28th where they will be giving updates to investors about the progress of this platform and its tokens. If you remember (in case you are following up with the latest news about cryptocurrencies), whenever a meeting or a change for a certain coin was announced, the same day or the day before, lots of people would be buying coins which would always result in increasing market capitalization.
The case might be the same for Cardano after this announcement, so it wouldn’t hurt to invest in at least a 100 of these – it would cost you less than 40$, and your investment could potentially lead to a win-win situation on the long run.
For now, it is not certain how fast the bounce off of ADA tokens could occur, but one is for certain – Cardano is a promising decentralized network set to a trend of creating improved and more flexible decentralized systems, so owning this coin is a win by itself despite the latest decreases.
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.
Image courtesy of coinmarketcap.com
Altcoins
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
Altcoins
Should Crypto Projects Devote Resources to Community Growth and Marketing?

2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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