Connect with us

Blogs

eToro Adopts Cardano (ADA) – A Step Forward

Published

on

Cardano
READ LATER - DOWNLOAD THIS POST AS PDF

Cardano (ADA) has made a big progress recently by joining the limited list of cryptos offered by eToro exchange. It is the fourth crypto to join this exchange this year, and it is currently the 11th to be listed on eToro, following EOS, NEO, and Stellar Lumens (XLM).

eToro decides to list Cardano (ADA)

Cardano (ADA) is a relatively new cryptocurrency, and it was launched in September 2017. It was created with the goal to allow running smart contracts and various dApps, and its creator is the company called IOHK (Input Output Hong Kong). The crypto has inspired a lot of trust due to its professional team led by Ethereum’s co-founder, Charles Hoskinson. Its community grew rapidly, and the crypto’s success is obvious, especially with this new development.

eToro recognized this coin’s potential and has stated that it is a rather interesting investment opportunity, that will definitely pay off in the long run. By adding it, eToro provided its users with the ability to invest in this coin, and use it in their regular trading activities. It is expected that many other exchanges and companies will also recognize Cardano as a coin worth investing in, as the revolution of blockchain technology continues.

According to the platform, ADA is a strong crypto with a powerful blockchain backing it up, and it might even join the list of the leading cryptos on the global basis soon. After all, the coin is already in the top ten cryptos by market cap and has now joined eToro’s very limited selection of cryptos. Other coins that are included on this exchange are Bitcoin, Litecoin, Ethereum, Ripple, Ethereum Classic, Stellar Lumens, Dash, EOS, NEO, and Bitcoin Cash. Only one of these coins is currently unavailable, and that is EOS, which can’t be used right now due to its MainNet launch.

Despite the enlistment on eToro, ADA’s price has yet to go up, and many believe that this is due to the recent Bithumb hack. Still, the coin’s value is bound to go up sooner, rather than later, especially considering that another period of market recovery is expected to come.

eToro offers BTC/EUR and ETH/EUR trading pairs

In addition to its decision to list Cardano as a new coin available for trading, eToro has also decided to add a couple of new trading pairs, mainly – BTC/EUR and ETH/EUR.

The new decision is expected to bring more new investors in European countries that use Euro as their main currency. Additionally, the inclusion of these trading pairs will be especially suitable for all those traders and investors who are interesting in following these currencies’ future development.

One thing is certain, and that is the fact that eToro will see a significant increase in traffic and use after making these changes. Most of the new traffic will probably come from the users in Europe, but the Cardano (ADA) enthusiasts will also contribute a lot to this platform, now that this young coin has made another important victory on its way to market domination.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite