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Cardano (ADA): The Dark Horse of the Crypto World

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Cardano
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A little insight into the market will reveal that it hasn’t been a great year for the crypto market so far. With the crypto biggies like Bitcoin recovering from a major price slump, many investors have shifted their attention towards altcoins. Cardano (ADA), which has been a favorite currency of the crypto community, ranks eighth in the market based on the market capitalization. Considering the overall volatility of the market, Cardano’s recent resistance of $0.03 is hardly a concern for the investors. With the big market players performing badly in the market, the investors are switching to more profitable options, and Cardano(ADA), which is listed among the most promising altcoins, can be a rewarding investment.

The Limitations of the Crypto Giants: The Ethereum Problem

Given the fact that the project is directly linked with Ethereum blockchain, exploring the possibilities of Cardano is not possible without discussing the prospects of Ethereum. When it comes to market capitalization, Ethereum still leads the race with the majority of the ICOs integrated with it.  However, the leading players in the market are not altogether free from limitations, and each has its unique set of problems. With low scalability, security breaches and contract bugs, along with challenges like scams, over-centralization, and regulatory issues; much has been talked about the Ethereum’s legal status. In retrospect, the rising altcoins like Cardano and EOS promise to deliver a viable solution to these problems.

The Rising Altcoin and the Nemesis of the Big Players

Many crypto investors are unaware of the fact that Cardano is based on smart contract. Recognised worldwide for faster transactions and as a secure mode of payment, it owes much of its fame to Ethereum and attempts to fill the loopholes in the market. There are only a few decentralized blockchains that come with powerful security attributes, and Cardano ranks among them. Launched in 2016, Cardano’s (ADA) price hiked in January, crossing $1.20. Led by Charles Hoskinson, the brain behind BitShares and Ethereum, Cardano is regulated by strict algorithms, assuring faster transaction and high scalability to its users.

Many will agree that regulation has been a roadblock for the virtual currencies, with traders probing into the compliance factor of the provider. Cardano, which has recently employed the Haskell technology on its platform, users are blessed with a secure and flexible option. The Haskell technology is well-known for its strict algorithms, which ensure there are no technical breaches.

Cardano’s (ADA) Impact on the Market

As evident from the market analysis, Cardano has not been spared from the current depression. With the crypto market struggling to come out from what it seems one of its worst price slumps; Cardano too has experienced a questionable drop in the price. Trading at $0.163413 at the time of writing, it has survived the 4.56% plunge against the USD. As per the details published by Coinmarketcap, it boasts a market capitalization of $4,236,820,378 USD as of April 3, 2018.

The recent 4.07% drop against the dollar, which has created a lot of bustle among the investors, is unlikely to become a big concern at the moment. All eyes are on the Testnet now which plans to act on its promises. Moreover, with developers striving to deliver a flawless platform to its users, the most outstanding aspect of Cardano is the fact that all transactions from its platform are processed in real time.

Why Should the Investors Watch Out for Cardano? 

As for the traders who are looking for an economical option, Cardano can be a profitable option. Trading below $1, Cardano offers an excellent entry point for regular investors and a talisman for the big investors. Although the coin is currently in the red, and many investors are looking to sell off their assets, it is wise to hold the funds. After all, Cardano presents its users a cheaper alternative and a highly secure mode of investment. So, if you are a crypto enthusiast who is an admirer of speed, and seeking an economical option, Cardano is your best bet. Also, given the volatile market conditions, with crypto market creeping back from one of its worst collapses, now is the best time to buy this currency, as it is can be sold off at a decent profit eventually in the coming months when the dark clouds disappear.

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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 own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Hanne Miriam Larsen via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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coins
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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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crypto credit cards
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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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