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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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