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Crypto Market Dip Aftermath: Cardano (ADA) Making A Recovery

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Cardano
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This week has become very crucial for cryptocurrencies worldwide, as led by Cardano as one of the top ten coins with the biggest growth in the last 24 hours. The reason behind the noted “crucial importance” is that all coins are somehow trying to recover from a severe market dip that lasted for weeks and even for months for some of the coins on the market.

Together with EOS, Cardano was marked as the quickest rising coin in the last 24 hours as it managed to jump up to over 20%. The market dip was strangling our favorite currencies even during the previous weekend, but as of Monday, the majority of currencies can finally start to breathe. Let’s see how Cardano is recovering and what awaits ADA in the weeks that are yet to come.

Cardano is Recovering from the Market Dip

As of Monday of the following week, it is more than obvious that Cardano is doing pretty well. Needless to say that this is a very important week for all cryptocurrencies as our favorite digital assets are trying to bounce off and recover from the most recent market dip that went on for weeks.

Cardano has notably managed to rise among the top of the rising coins for this week as the total rise in its price equals over 50% since ADA could be purchased for 0.12$, which was a devastating drop for this currency.

Once Monday has come, it was easy to forget about the crypto market crashing as Cardano managed to go from the price of 0.14$ to dealing at 0.19$ over a short period of time, which simultaneously made ADA the top recovering coin for this week. Following Cardano, EOS is holding up more than well, too.

Cardano’s all-time high price is marked at 1.22$ per one unit, so if this currency would continue with the current pace of growth while dealing in the green, this price could be easily reached again within several weeks.

On Tuesday Cardano jumped up to 20% against the dollar, additionally raising its price and dealing at 0.20$ per one unit and of Wednesday, March 21st, Cardano has had another rise in its price.

After the most recent change in its price marked at 15.53%, ADA is now worth 0.21$ per one unit and it is trading in the green.

Hopefully, ADA will continue with doing a great job, easily reaching its all-time high again.

Cardano’s Value

It is said that Cardano ADA is more than just a coin, so it is no wonder that this currency with its technology takes the 6th spot on the global coin ranking list. Although this currency with its platform is still in developmental stages, the potential of this decentralized ecosystem can already be noticed.

Currently, Cardano platform is actively used for making transactions by everyday users, but thanks to the layers within ADA’s technology, the platform will be soon enabled and improved for the needs of governments and organizations.

Thanks to the use of layers in their technology, the platform is flexible which makes it easier to apply changes when needed, with a soft fork.

After the completion of the layers and after adding the final layer, the developers’ team will then add another layer that would enable operations with smart contracts. That means that Cardano platform will be equipped for making and uploading decentralized apps and all sorts of agreements, while also being able to process fast global transactions with maximal flexibility.

Stanley William, a noted computer engineer and a huge fan of crypto universe claims that it is pretty uncertain whether or not a currency will rise or fall, as well as it is very hard to determine when will a currency go up and when it will fall down.

He also adds that the year 2017 was the year when we all had a chance to learn more about the technology lying behind digital assets, hard forks, changes and different protocols, while the current year of 2018 should serve the purpose of correcting the mistakes all dev teams could learn on during the past year.

That being said, it can be easily predicted that Cardano is doing everything but hibernating as the team behind this currency is working on improving the system and adding layers that would make ADA platform complete and ready to work for even more demanding requests organizations and governments would have.

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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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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Altcoins

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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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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