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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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Hodium
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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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