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Here is why you should pay attention to Cardano for the second half of 2018

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Cardano
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Since the time it was launched, Cardano has had quite a bullish rally gaining over 1500% even making it to the top 5 rankings of cryptocurrencies in terms of market capitalization earlier this year. At its core, Cardano is a Blockchain project set to create a thriving ecosystem for cryptocurrencies.

Basically, Cardano wants to make the development of peer to per Blockchain application easy. It’s the reason why it’s designed as an open source decentralized public Blockchain with smart contracts that enable developers to build more advanced features.

Cardano’s price predictions for the rest of 2018

The cryptocurrency market has been on a bear rally since the begging of the year. Most of the top cryptocurrency have shed a huge percentage of the gains made at the tail end of 2017. With this in mind, it is no surprise that Cardano, initial position among the 5 best cryptocurrencies has dropped to its current position 8. The current price of Cardano as of this writing is $0.19 with a market capitalization of $5.147, 249,460.  However, market analysts predict that if the price of Cardano is ever to slide down to $0.13, given that it has maintained a support level of $0.19, we could expect a change in trend on the price of ADA and possibly watch the price stabilize. In contrast, most investors in the crypto space are actually bullish on the ADA coin is set to rise.

Is this a great time to buy ADA?

Well, as affordable as ADA is at the moment not to mention the backing of a robust team, it might just be a good idea to wait a little longer for the price to stabilize before jumping in. In the long run, however, an investment on Cardano is a solid move especially with the development projects currently ongoing on ADA’s Blockchain. Basically, before investing, you have to consider that Cardano, unlike other blue-chip assets, comes with price fluctuations according to market movements. You can definitely hold on to some ADA, however, be prepared for some price swings in the second half of 2018.

In the long run, however, it’s not all gloomy looking at the Cardano project. In fact, market analysts believe that the price of ADA will hit the $10 mark in the long term. How will this come to pass? Well, Cardano has been at the center stage of testnet launches with the Cardano CEO, Charles Hoskinson touring together with the development team to present Ouroboros at places such as MIT. Furthermore, Cardano has had tremendous developments already with the implementation of its Blockchain in developing countries through partnerships with governments like Ethiopia where the company is building Blockchain for agriculture.

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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

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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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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