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Cardano (ADA) could leave the bear’s hug behind very soon

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Cardano
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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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