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Cardano (ADA) Could Be About To Take Off: Don’t Miss Out

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When you talk about third generation blockchain technology, it’s hard not to mention Cardano (ADA). This is one that’s drawn a huge amount of attention over the last six months, both from the perspective of investors/traders and the wider media, and it’s one that’s going to continue to do so as the current correction bottoms out and the bitcoin and wider cryptocurrency markets stage a recovery.

How can we be so confident?

People will say that bitcoin has no inherent value and while there’s a very strong argument that the differentiators between bitcoin and fiat are its inherent value, it’s not a particularly clear argument to make when you’re talking to someone who isn’t that familiar with the space.

Cardano (ADA)

Cardano (ADA)

This isn’t the case with Ethereum (ETH). ETH is used as a function-type asset to facilitate the execution of smart contracts, which in turn form the critical components of decentralized applications. That’s why Ethereum has taken off over the last twelve months (the latest correction aside, of course) – there’s a very easy value proposition associated with the ETH token and it’s rooted in increased demand of the platform and the parallel increased demand for the gas token.

And the same argument applies to ADA.

This is a token that very much supports the ecosystem with which it’s linked, meaning that so long as the adoption of said ecosystem continues to increase, the coin or token should increase in value.

And Cardano is attracting a huge amount of attention right now. Sure, the platform is in its early days and, as such, there’s a long way to go before Cardano can be classed as a serious competitor to Ethereum but that doesn’t mean this won’t happen – just that it’s a bit farther down the line.

There’s also a secondary input here that’s going to drive value in this coin going forward.

Specifically, the Weiss ratings.

As the price of bitcoin and its peers have crashed over the last few weeks, the attention that markets are paying towards the Weiss ratings has dropped off. However, at the same time, the global equities markets are struggling. What we expect, then, is a wave of capital transfer from the stock markets to the cryptocurrency markets.

Much of this capital is going to be what we might deem ‘new capital’ and it’s going to look for a mainstream interpretation of the quality of the various options in the space.

Take a look at the above mentioned Weiss ratings, and you’ll see that Cardano scores above a whole host of its major competitors. ADA has a B rating, while BTC has a C+ rating. Sure, there’s an argument that these ratings are nonsense and – in our eyes – the argument is somewhat valid. That’s not important, however.

These ratings are going to play a role in the way that new entrants judge their capital allocation and when they see a green box next to Cardano and a yellow box next to bitcoin, it’s going to influence acquisition decisions.

So for these reasons, we really don’t see ADA going anywhere but up from here.

Right now, the coin goes for $0.33 a piece and commands (at these prices) a market capitalization of $8.75 billion. At these metrics, however, ADA is down more than 75% from highs or, as is another way to put that, is available for just a quarter of the price it traded at the start of this month.

Stick it out and pick the winners.

We will be updating our subscribers as soon as we know more. For the latest on ADA, sign up below!

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 Cardano

Altcoins

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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Altcoins

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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Altcoins

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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