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

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Cardano
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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

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

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What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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