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

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Cardano
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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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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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