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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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Altcoins

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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