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Cardano (ADA) Will Soon Edge Out Stellar (XLM) and Litecoin (LTC)

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Cardano (ADA) is in the number 8 spot according to coinmarketcap.com. Stellar (XLM) is in the 7th and Litecoin (LTC) in the 6th. The difference in market capitalization between ADA and XLM at the moment of writing this is $135 Million. The difference in market capitalization between ADA and LTC is $1.643 Billion. It is with this figures that it is possible for ADA to edge out both coins in the markets and make it to the number 6 spot as shall be explained.

So how will ADA edge out XLM?

Well, with regards to Stellar (XLM) not much news or announcements have been made lately other than both IBM and KIN wanting to use its blockchain to tokenizing their projects. IBM wants to utilize the Stellar blockchain to help track carbon credits in the global arena. KIN, on the other hand, wants to fork from Stellar and create a hybrid solution with Ethereum, to provide a long-term solution for the project. XLM, through the past, has not been seen to show knee-jerk reactions to the major news.

What about Litecoin (LTC)?

Litecoin has been having a hard time recovering from the failed launch of Litepay back in March. Everyone in the crypto-verse had then predicted doom for the coin that is an offshoot of Bitcoin. What has since happened, is that Litecoin has been chosen by Abra as a choice for implementing smart contracts and has recently been listed on its app. But this might not be enough to keep it at the top 6 as EOS has already edged out LTC from the number 5 spot due to EOS’ MainNet launch.

So why is Cardano (ADA) better placed at edging out these two coins?

To begin with, the Shelly protocol is live and registering users to test it out as it aims to decentralize the Cardano network. The team at ADA is also working on smart contracts that would be much better and secure than Ethereum’s. Once these two properties are activated, it is a moon landing for ADA.

Secondly, the project has had some great reviews online with an accompanying strong community to back up the project. The project has three telegram groups with a total of around 26,000 members: the largest of this group having 20,000 members.

Third but not least, ADA would only have to be valued at $0.257 to edge out Litecoin using current market cap figures. This is indeed very possible for the small coin that packs a punch in terms of technical advancements in blockchain technology, and the hope it brings with it to the crypto-verse.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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