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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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