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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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