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Here’s Why Ardor (ARDR) Is Gaining So Much Strength Right Now

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Back at the start of November, Ardor (ARDR) was trading for a less than $0.20 a piece. This week, the coin is riding high at $1.70 and looks set to run further into the end of the year. Exactly how far the current run can take it remains to be seen but – if we look at the more traditional metrics – it could be substantially so. Volume over the last twenty-four hours came in at more than $33 million ARDR changing hands, against a market cap of $1.6 billion. This is more than 25 times the average daily volume seen throughout September and November this year.

ARDR Daily Chart

ARDR Daily Chart

We think this influx of interest is a sign of strength and one that justifies a trader or investor keeping an eye for any short-term corrections and – in turn – jumping on said corrections as a potential entry opportunity in advance of a long-term return to the overarching upside momentum.

What have we got to support this statement?

Well, for anyone new to this one, Ardor is a blockchain-as-a-service platform that will allow people to utilize the blockchain technology of another cryptocurrency, NXT, through the use of child chains. This seems a bit jargony right off the bat but it’s actually pretty simple. NXT was initially billed as the next big thing and the technology that underpins it (i.e. its blockchain and the protocol built into said chain) is incredibly smart and smooth running. Only a handful of heavy-hitting holders took part in the ICO, however, and this led to some criticism around security issues for anyone that wanted to take advantage of NXT.

When these concerns arose, NEM was born out of the same chain, and has since become incredibly successful. It’s basically the same but with a more even distribution of tokens.

What does this have to do with Ardor?

Ardor is basically NXT 2.0. It’s based on NXT but it leverages child chain technology, meaning users can take advantage of the technology that underpins NXT but they don’t have to expose themselves to the centralized holding nature of the blockchain to which they are linking via side chains.

What all this means, then, is that blockchain as a service (i.e. the concept that NXT was originally set up to spearhead) is a real possibility through Ardor.

The reason that this one is gaining so much attention right now is that there was just a successful hard fork of the NXT chain and, alongside this fork, an airdrop of what’s called IGNIS to holders.

Based on this fork and airdrop, buyers are rushing in to pick up an exposure to the fork and that’s what’s pushing up the price of ARDR at the moment.

So where do things go from here?

The thing to recognize here is that this is just the beginning of what could be an incredible rush of adoption for the technology that underpins Ardor. NXT is brilliant but the original structure (i.e. the concentrated holdings) turned potential developers off to the platform. The ability to harness the power of NXT, however, through the Ardor side chains, means that NXT (and in turn ARDR) is free to grow unrestrained by market concerns surrounding concentration.

And as the platform grows in popularity, so will the value of the coins that underpin it.

Keep in mind that there’s a near-term correction risk, as outlined in the introduction to this piece. There’s likely a bunch of shorter-term operators in the markets right now that are poised to take profits on the run that’s come over the last few days and weeks and – when they sell out – price will likely take a hit.

This dip, however, could be a great opportunity to pick up some cheap coins.

We will be updating our subscribers as soon as we know more. For the latest on ARDR, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Ardor.

Bitcoin

Is Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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Bitcoin

Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

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Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

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Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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