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Cardano (ADA) Will Obliterate The Competition With More Listings

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Cardano
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Cardano (ADA) has achieved the impossible by being ranked seventh on coinmarketcap and in terms of market capitalization. The small coin that packs a punch, has risen to that rank with only 31 listings globally. This means you can only get ADA in these 31 exchanges.

Now let us compare these 31 listings with those of the other six coins ahead of ADA.

Bitcoin (BTC) is listed in 400 exchanges. ADA’s number is 7.75% of BTC’s listings. Ethereum (ETH) is also listed on 400 exchanges and ADA’s listings are also 7.75% of this number. Ripple (XRP) is listed in 146 exchanges. This number is 470% greater than the listings of Cardano. When we look at Bitcoin Cash (BCH), the coin is listed in 258 exchanges. This figure is 8.32 times greater than the listings of ADA.

EOS is listed in 140 exchanges. This number is 4.5 times that of ADA listings. When we look at Litecoin (LTC), the coin is listed in 400 exchanges: a similar number to that of BTC and ETH. This figure is also almost 13 times greater than the number of ADA listings.

Therefore, it is safe to conclude that if the liquidity of ADA were to be increased through the additions of listings in other exchanges, the coin will simply obliterate the competition. Liquidity is defined as the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset’s price.

In our case, we want the liquidity to affect the price of ADA in the upward direction through increased buying and selling facilitated by an increased availability of ADA in the numerous exchanges. This will enhance its visibility and result in more curiosity by traders and crypto enthusiasts. Cardano already has a solid product that is under development and will surely cause tremors in the crypto-verse once decentralization is fully implemented.

Market analysis shows that Cardano (ADA) is the only coin – at the moment of writing this – that is showing some gains in a bearish market. ADA is up 3.40% in 24 hours and is currently trading at $0.188. The rest of the major coins are in the red and led by an ever-weakening Bitcoin (BTC). The King of Crypto is now trading at $7,166 and is likely headed for more choppy waters as we approach the weekend.

Some analysts have predicted that it will get worse before it gets better with BTC bottoming out at $5,700. What we can do till then is to either HODL, cash out in a panic or do what the bold ones do: buy in when there is chaos in the markets.

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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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Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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