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How Cardano (ADA) Might Surprise You in 2018

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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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.

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

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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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