Connect with us

Altcoins

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

Published

on

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.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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

My Crypto Heroes Announces Issuance of MCH Governance Token

Published

on

Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

Continue Reading

Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

Published

on

Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

Continue Reading

Altcoins

3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

Published

on

Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

Continue Reading

Press Release