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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.

Image courtesy of Portland Prevention via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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coins
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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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crypto credit cards
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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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