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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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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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