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

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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.

Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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