Why Cardano (ADA) is worth keeping an eye on for the next couple of years - Global Coin Report
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Why Cardano (ADA) is worth keeping an eye on for the next couple of years

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Cardano

The last eleven months have been nothing short of slaughter for the crypto market including the king, Bitcoin, and not just Cardano (ADA). The standard expression to refer to a market that is going down is “bearish”, as you probably already know, but this time the bears were really hungry and made life really miserable for everybody.

But there is no doubt that the market will recover sooner or later. In the last couple of days, we’ve started to see green numbers pop up here and there. It’s not a market trend yet, of course, but some coins are starting to push forward once more slowly.

According to experts, the market won’t really experience a new bull run until it hits rock bottom. Many of them think that will happen when Bitcoin goes as low as 3k in price. Yes, that low. And what should we make of this? Nothing, really.

Markets go up and down in cycles, and the cryptocurrency market has had at least four bearish runs that have been as bad (if not worse) than the current one. It’s always recovered and more. There’s nothing wrong with Bitcoin, or any other digital asset. It just so happens that as long as the alt-coin exchanges around the world are ruled by speculative pressure, these episodes are unavoidable.

However low Bitcoin could be right now, it remains the gold among digital assets, and it will remain so until some other token takes over its place as the world’s largest by market capitalization and as a base currency in the world’s exchanges. Maybe Bitcoin is down, but it’s definitely not out.

But even in a market as adverse as today’s, those who can read the signs of the times and know what they’re doing can still make a bit of money. No, seriously. Just a few days ago the market saw a bull run on Cardano’s (congrats to those who took advantage) that made it grow quite a bit. It didn’t last, but you can be sure that those who saw it coming made a pretty penny.

And since we are on the subject of Cardano, let’s dig a little deeper.

It may not be the traders and investors darling coin, but in terms of technological and academic prestige, very few blockchain projects can hold their own against Cardano.

It’s considered to be the best third generation blockchain technology. It has a professional developing team behind it, it’s looking to bring innovations to the blockchain seriously, it enjoys an outstanding reputation among the cryptographic academic world, and it has great potential.

You don’t hear a lot about Cardano in the news. There’s a reason for that. The blockchain projects that are actively trying to find case uses for their tokens (and there are not that many of those, most are quite passive in that regard) are trying to gain adoption in Europe, Asia, or North America. Not Cardano.

Cardano is working to get Africa. That’s because the Cardano leadership knows that in Africa, there is a dearth of financial services of all kinds, so it’s the place in the world in which a good cryptocurrency can be adopted the soonest by a large chunk of the population thus becoming real money quickly.

Many observers believe that Cardano (ADA) will go as high as $8.00  or $10.00 in the following thirteen months. That would be huge as it’s trading at $0.0346 as we write this article. So don’t let yourself be blinded by all the news about the most famous coins in the world. Dig deeper, keep an eye on Cardano’s ADA.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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.

Image Courtesy of Pixabay.

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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

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Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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