Blogs
How Cardano (ADA) Might Surprise You in 2018

The Cryptocurrency Market, on the whole, has experienced an exponential growth all-together in 2017, with many new cryptocurrencies coming up and making their presence felt. One of the names that have been doing rounds in crypto-circles around the world is Cardano. At its peak, there were many big things expected of Cardano, which was expected to be among the forerunners of cryptocurrencies in the world. All of that has dramatically changed, however, with Cardano getting badly hit, as a result of an overall slump of the crypto-market.
About Cardano
Currently, Cardano sits in 7thplace in terms of market cap according to coinmarketcap. It has a market cap of $4,428,862,189 USD with a total supply of 31,112,483,745 ADA tokens. The Cardano project’s aim is to deliver smart contracts with advanced features to the industry at large. It is different than other blockchain related projects, as it is the result of a tireless research-driven approach in the fields of Engineering and research.
Cardano is powered by the Cardano blockchain, which is developed to be compatible with any type of regulations while retaining its decentralized properties. It has experienced massive spikes in price levels quite recently, with Cardano’s market cap jumping from a measly 3,773,633,262 USD in November 29th, 2017 to a massive figure of $31,648,656,464 USD on January 4th, 2018. Such a massive rise in price levels has attracted many investors towards Cardano in recent months. However, it is experiencing quite a slump from its January highs, losing value gradually over the next 2 months. In spite of Cardano’s recent decline, crypto-analysts and industry experts expect it to rise in the near future and have put forward certain reasons as to why.
Reasons For Projected Growth of Cardano
Cardano is a popular cryptocurrency among traders, especially among Asian countries which account for more than 40% of all worldwide Cardano transactions. Although the price has seen a dramatic fall following rumors and fears regarding tight regulations in these regions, it is still expected to rise because of the following factors.
- System Improvements and Upgrades: Unlike the majority of cryptocurrencies, Cardano has a very active development team who constantly works to improve the user experience. Cardano is generally a technological platform, aimed at enabling users such as individuals, big organizations, corporations and governmental institutions to run sophisticated financial applications easily. It has a streamlined design that provides it with flexibility and regular soft forks for easy upgrades.
- Strong Community: Cardano has a growing community of followers who religiously support the coin and the project even through tough times. Their telegram community number to an excess of 16000 followers with considerable presence in Reddit and Twitter as well. Cryptocurrencies which have a strong community backing perform well with time, with a lesser chance of declining in price levels.
- Programming Language: Cardano is based on a new programming language called Haskell. It possesses a high bar of tolerance when fighting against network faults as well as external attacks, a pre-requisite for any good cryptocurrency. Cardano can process a large number of real-time transactions as compared to its peers because of its widespread adaptability as well as flexibility. It has the ability to process almost thousands of transactions in a single second.
- Plans for Interledger Transactions: The Cardano developers recently announced plans of developing a way to enable interledger transactions through high scalability. It is rumored that they are planning to split the Cardano network into smaller divisions to make sharing data in real time, much easier. The new platform is set to use a protocol called Block explorers, which will allow holders to track their transactions in real time.
Closing Thoughts
The cryptocurrency market, on the whole, is still recovering from a massive slump, with many coins failing to reach their peak positions from before. Cardano, of course, has an advantage, as its developers are working towards widespread adoption in the business sector. Many recent events signal a positive growth for Cardano, with Cardano recently been added to the Centra Wallet. This paves the way for widespread adoption and is set to push the price of Cardano for months to come.
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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.
Image courtesy of freetoglow via Flickr
Altcoins
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
Altcoins
Should Crypto Projects Devote Resources to Community Growth and Marketing?

2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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