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Cardano (ADA) to Get Accepted on Metaps Plus Mobile Payment Platform

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Cardano just got stronger with the latest partnership update. Apparently, Cardano ADA has just partnered Metaps Plus, which made it acceptable as a payment method as a part of this South Korean-based payment service. Ranked as the 7th best currency after losing its spot as the 6th currency, affected by the Litecoin vs. EOS battle over the spot as the fifth-best currency, it seems that this is the right time for Cardano to do something about its reputation. This is the case especially at this moment when ADA is going down while trading in the red with the latest change in the market. Let’s see what Meta Plus could bring to Cardano ADA.

Cardano Partners Up with Metaps Plus

Cardano just got a bit stronger by acquiring their latest partnership with Metaps Plus. Metaps Plus is actually a mobile payment service that advocates for the integration of cryptos and digital assets into the active platforms and mobile payment apps.

Metaps Plus is based in South Korea and has welcomed Cardano ADA to its mobile payment service by stating that the initial integration of ADA into their payment system is the first integration of an Asian coin into the mobile payment application.

It is needless to say that ADA very well deserved this partnership, given the fact that Cardano stands for one of the top 10 cryptos. The partnership was announced yesterday on May 9th, and it is presumed that ADA could be easily sky-rocketed by this event, although this still isn’t the case as ADA is currently being traded in the red against the dollar.

The team behind ADA stresses out that this partnership is very important for Cardano, not only because it promotes ADA in the market as a currency worth of being invested in, but also because it broadens the targeted market while widening the accessibility of ADA in the market.

Since Metaps Plus makes up for a South Korean mobile payment service, ADA will now get more accessible to holders in South Korea, which could consequently affect the increase of ADA’s trading volume in the following weeks.

Since there are over billion of downloads of Metaps mobile payment app, it is more than certain that this partnership could have a great impact on ADA’s exposure on the South Korean crypto market.

Metaps is highly praised as the mobile platform that has successfully processed over 10 million transactions with over billion downloads of Metaps payment application. If you add the fact that the South Korean market stands for one of the biggest crypto markets on the global level, it seems that Cardano is in for a massive increase of exposure with this newly acquired partnership.

How is Cardano doing at the Current Moment?

As the great part of the market is going down, ADA can’t seem to pull off a rebound either. At least not smoothly. Besides from acquiring a promising partnership with Metaps only a day ago, on May 9th, we can still see ADA plummeting in the market as it is being traded in the red.

In the course of the last two months, ADA, although partially struck with the market dip that went on for good 4 weeks during the mentioned period of 60 days, managed to collect over 52% of rises against the dollar.

In the course of the period of 30 days, which would mean in April, ADA did more than well by collecting a 100% of rises against the dollar and significantly improving its value in the market.

In the last two weeks, ADA didn’t give up, so it acquired around 15% of rises while trading in the green for a couple of days.

However, we can see it dropping in the course of the last seven days while going down against the dollar by -16% against this fiat currency.

The last seven days were mostly in the sign of the plummeting market, which lasted for a couple of days, with only occasional rises spotted among the trading cryptos. However, it seems that not a single portion of recovery is finding ADA in the market, as Cardano is going down against the dollar on the day of this writing which would be on May 10th.

Following the latest change in the last 24 hours, ADA dropped against the dollar by -3.38%, while it is also dropping against BTC for -2.59%.

After the most recent change in its value, ADA can be currently traded at the price of 0.31$ per one unit, which is still far from its record price of around 1.28$ as set back at the beginning of January 2018.

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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.

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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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