The crypto market has been under a huge bearish pressure since last December and not just Cardano (ADA), but every asset has felt it. Yes, there have been some fluctuations along the year for some particular coins but they’ve turned out to be utterly irrelevant in terms of promoting a market recovery, and almost all digital assets have been going down for months now. Cardano has not been the exception, but things seem to be changing as we write this.
A technical market analysis of Cardano’s ADA’s current signal line, along with the project’s recent news and achievements, seems to be revealing the signs of an upcoming bullish run that could see ADA go against the market’s recent trend and take off spectacularly in this last financial quarter.
As we write this, Cardano is trading in green numbers with a 4.26% increase over the last day. This means ADA is among the most profitable coins right now, it’s doing even better than Bitcoin (at 1.29%) or XRP (3.97%) which recently became the world’s second cryptocurrency by market capitalization.
Most of the trade volume driving ADA’s rise comes from South Korea. And this is no surprise since most of the bullish runs that happen in the cryptosphere start in South Korea, precisely, because many crypto aficionados live there, and are very keen to get into the action early.
But in this case, this is not the only factor. Cardano has achieved a bigger presence in Korea than most other coins, and it seems that’s what could be driving the current increase in price. Let’s study today’s situation in some detail.
Cardano’s roadmap announced a partnership with Metaps Plus which is a big player in the South Korean telecom market. The partnership is confirmed and it’s scheduled to go live next month already. What this will do for Cardano is nothing short of spectacular.
Both companies will create a prepaid plastic card that will allow users to use their ADA coins to pay for goods and services inside Korea. Citizens in that country will be able to pay using ADA in 33,000 stores.
This is not such an innovative idea. Ripple already has a debit card that can be funded with XRP. Stellar is also pursuing that goal by partnering-up with Europe’s biggest remittance service. Litecoin even bought a bank in Germany precisely so they could find a way to issue a plastic card based on its asset.
But there is a very important difference between Cardano’s achievement and everybody else’s. Cardano managed to get the South Korean market for crypto debit cards before anybody else. This is a huge deal because it’s one of the countries in the world with the most enthusiasm about digital assets which means that a lot more people understand the crypto market, are confident to use crypto-coins, and are willing to actually acquire a debit card that runs on the blockchain. This is not something you can say about France or Germany.
Cardano’s new partnership will create a higher demand for ADA because it will become a useful coin that you can really spend in any street in Korea. Cardano is already considered the market leader when it comes to blockchain 3.0 technology, and this new development is a huge hit because it will turn ADA into real money, at least in Korea for now.
This is the time to keep an eye on ADA. And, if you’ve done your research, it could be a good opportunity to buy Cardano while it’s still cheap (0.086 USD per token as we write this). As always, do not invest in any cryptocurrency more than what you can afford to lose though.
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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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A matter of time before TRON (TRX) achieves mass adoption
Tron (TRX) has all its eyes on decentralizing the internet, or rather content-sharing to ensure that creatives, artists, musicians, and authors can all release their content without the need of middle companies. As it seems, Tron’s founder hopes that the coin will challenge the globe’s major content providers like Facebook and YouTube.
The coin has undoubtedly made progress since its launch from a coin offering on the Ethereum ledger platform to now a native coin present on the official Tron Mainnet. If you think launching the independent MainNet is all Tron wanted to achieve, you are mistaken.
The aim is towards mass adoption as well as creating a decentralized web. Yeah, it is a fact that in the past weeks TRX has experienced price declines, but currently, the cryptocurrency is riding 5.37% hike against the USD in the last 24 hours (remember most of the other top coins including Bitcoin are in red).
It’s also continued succeeding in attaining quality listings such as the Bittrex (to name one of the most recent ones). Therefore, it seems as every step TRON makes is a sign of progress to make the decentralized web a reality.
How TRON (TRX) is Making Mass Adoption a Reality
The primary objective for TRON (TRX) is to create a decentralized web which will be a representation of the internet’s next generation. Therefore, in making that a reality, the largest file-sharing platform, BitTorrent that has over 100M global…
Cardano (ADA) research manager meets with Brazil representatives
Cardano is one of the top crypto assets in the market today. With its visionary team, it has become robust in creating projects that not only benefit its blockchain but the world.
Its CEO, Charles Hoskinson, also the founder of IOHK, has also been focused on making sure Cardano’s utility spreads across countries. It is important to know that IOHK, the team that has developed Cardano’s blockchain was created in 2015.
IOHK is a reputable digital company that is poised in making use of peer-to-peer innovations to provide financial services to more than 3 billion people that don’t really have access to them.
As part of the plans by the Cardano’s team to provide great innovations for providing financial services to people worldwide, and empower countries across the world, Cardano’s research manager, Mario Larangiera, met with Mario Borges, the President of the Brazilian National Council for Scientific and Technological Development (CNPq) in the Brazilian Embassy in Tokyo, in Japan, to talk about the future of Brazil.
Mario Larangiera tweeted on his Twitter page:
“Meeting with Mario Borges the president of the Brazilian National Council for Scientific and Technological Development (CNDq) in the Brazilian Embassy in Tokyo. In Japan but thinking about the future of Brazil.”
Moving forward, it is important to note that Cardano is poised in making great systems for financial services of the world, and it is taking a wise approach with its collaborations.…
Hyperion-Stellar Partnership Finalized — Support For Stellar’s Crypto Assets Trade About To Arrive
Hyperion and Stellar: A new partnership
According to a recent announcement by Global Blockchain Technologies Corp., it would seem that the known crypto exchange Hyperion has finally made an agreement with Stellar (XLM). The new partnership is to allow Stellar’s own crypto assets to be traded on Hyperion’s platform. This move is expected to significantly impact Stellar’s price and spread awareness of the coin and its goal even further.
Hyperion uses an alternative trading system (ATS), which was licensed by the SEC. As a part of this arrangement, previously attained via investment in DBOT (Delaware Board of Trade), Hyperion has permission to also operate as a broker-dealer. It is also expected to become North America’s first advanced security token exchange.
As many are already aware of, Stellar is a trading protocol that is used for issuing, exchanging, and transferring digital assets. It works with several other cryptocurrencies, but also with fiat currencies like the USD. Additionally, Stellar also works even with some commodity assets, like gold.
Stellar’s goal is similar to that of Ripple, at least when it comes to enabling faster and better cross-border transactions. While Ripple focuses on providing its services to banks and financial institutions, Stellar aims to provide these services to individual investors. Thanks to this, Stellar has received a lot of attention and praise from individual investors, as the general interest in cryptocurrencies grew.
Why is this partnership important?
By joining Hyperion’s…
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