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Cardano releases the KEVM Testnet In a move to advance project development

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Cardano
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Cardano has been on a roller coaster ride since its initial release only a few months ago and with a lot of ongoing projects lately. Just days ago, the much anticipated KEVM testnet was launched even as Cardano’s price faced tougher declines in the market losing about 27 percent of its value amidst a bear market.

Why are Testnets important?

Testnets provide a useful means for cryptocurrency projects to test future changes and developments to a Blockchain network. By allowing an environment for thorough testing of new network protocols, testnets allow programmers to strengthen the network and advance the project further.

The KEVM testnet is one among many of the testnets that Cardano hopes to put out as the year progresses. Cardano has categorized its testnets into two parts, one for future features and tech previews while some testnets for ongoing projects on the Cardano platform.

The KEVM testnet is an executable form of semantics that will see the creation of smart contracts. The launch of the KEVM was a first of its kind semantics of Ethereum’s EVM in a move by Cardano to build the third generation of Blockchain technology.

Cardano team educating the public on the project development

As usual, most ADA holders expected some positive results in terms of market price with the release of the testnet, however; IOHK’s CEO together with the Cardano team expressed excitement about the release and moved to publish their take on Twitter.

With the set launch of testnets, some of which are currently ongoing, several updates on the Cardano Blockchain have been implemented by the Cardano team which is a good sign of a project with a serious purpose set to accomplish and check all the boxes in its roadmap.

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The big question, however, remains to be whether it’s a good time to buy ADA considering the market dip. Well, it depends on how you look at it. With the many partnerships and platform developments that Cardano has been up to lately, it’s easy to see that an uptake of ADA is on its way.

The Cardano foundation has also been touring the world partnering with global institutions and educating the public on how the proof of stake provably secure Ouroborous protocol works and also to update crypto enthusiasts on the developments with the project.

Building better smart contract languages

The development team at Cardano has been focused on mitigating the deficiencies that currently form a major part of smart contracts. Cardano builds its Virtual Machines on K framework’s formal semantics meaning the Cardano team plans to develop a new Haskell protocol that will deal with the issue of languages and virtual machines making it easy for developers to build their own smart contracts on Cardano’s Blockchain network. Furthermore, Cardano is releasing an upgrade to the ADA mainnet Blockchain network that will make it possible for developers to simultaneously run two mainnet tests on the same machine with zero interruptions.

With the successful launch of the KEVM testnet and more updates on its Daedalus 0.10 wallets, there is a new breath of hope in the Cardano community. For now, it’s a ‘wait and see’ approach as the Cardano team further advanced the platform.

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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

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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