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EOS vs Cardano (ADA): Which One To Invest In?

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EOS vs Cardano
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As many of you are already aware of, the crypto market is not in a good place at the moment. Numerous coins are losing their value, and nobody can tell for how long is the current bear trend going to hold.

However, the bear trend will eventually blow over, as it always does, and a new bull run can start at pretty much any time. Bearish behavior is bad for the market at the moment, but it can also provide an opportunity for investors who are interested in making a profit in the long run. Smart investors know that buying coins is less profitable when their price is on the rise. However, purchasing them when their value is low allows for some pretty good returns when the bulls return.

As always, the main question is — which coin to invest in? Well, we believe that altcoins like EOS and Cardano (ADA) are among the best ones. Both of these projects have a lot of potentials, and both are almost guaranteed to survive the altcoin apocalypse. Even so, the EOS vs Cardano rivalry continues to persist, and everyone wants to know which one holds more potential than the other. This is what we will try to answer today.

EOS vs Cardano

EOS and Cardano are two separate projects, but even so, they do share a number of similarities. For example, they both wish to change the world with their respective projects, take over Ethereum, and dominate the market.

At the time of writing, EOS holds the fifth place on CoinMarketCap’s list of largest cryptos, with a current price of $4.84. Cardano, on the other hand, holds the ninth spot, with a price of $0.063395.

Cardano is a relatively new project, even though it was conceptualized back in 2015. Its creator, Charles Hoskinson, set up a goal of creating a strong crypto that would have real quality. According to what we can see so far, he succeeded at doing this, and all aspects of Cardano are excellent. This includes its stability, technology, and even the team behind it.

EOS, on the other hand, has been around for much longer, and it started off as an ERC-20 token, meaning that it was created on Ethereum’s network. A few months ago, EOS has launched its own MainNet, which is a significant achievement. However, the MainNet soon proved to have quite a few bugs and glitches, which does spoil the impression somewhat.

When it comes to Cardano, the project is pretty similar to Ethereum. However, it uses the PoS algorithm in order to improve the blockchain’s speed and enhance the user experience. At the same time, it protects the components of decentralization, and it improves the security of transactions. Cardano has improved its speed, decentralization, and security, which are the biggest factors that lead to the balanced blockchain.

While the current technology is not good enough to perfect these aspects, Cardano has done as much as it could to come as close to perfection as possible. According to Hoskinson, the tech behind Bitcoin and Ethereum has reached a dead-end, and not much more can be expected from them. While the two started the crypto era, it is now up to the altcoins to continue its development and progress.

When it comes to EOS, it contrasts Cardano in several ways. EOS was created through the use of Delegated Proof-of-Stake, or DPoS. Its goal is to allow faster crypto adoption and on a larger scale. However, many would argue that this system damages the project’s decentralization. On the other hand, EOS has shown a lot of progress, it fixed its flaws, and it is among the best platforms for dApp creation. It’s free, it managed to tackle scalability issues that so many other coins have to deal with, and its development is still advancing at full speed.

In the end, the question of EOS vs Cardano still remains unanswered. Both coins are still being developed, and have a lot of potentials to change the world. They have capable teams, and even more capable leaders behind them. In the future, one of these might grow exponentially and leave the other one in the dust. However, for now, it is extremely difficult, if not impossible, to tell which one will end up a winner.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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