Connect with us

Altcoins

Here’s The Most Recent Cardano ADA News

Published

on

cardano ada news
READ LATER - DOWNLOAD THIS POST AS PDF

The Cardano ADA project has been making major strides amidst the crypto market turmoil that we have been experienced in the last few weeks. Many of the updates have been made public via Twitter, medium, and Reddit, but it is worth reminding ourselves why we love the project. Therefore, let us look into the recent Cardano ADA news.

Numerous Meetups Around the Globe

The Cardano Global community is constantly growing with a lot of meetups being organized across the world. Below is a list of future meetups. Local Cardano community members are encouraged to attend.

    • Meetup in Mongolia with Charles Hoskinson – 15th September 2018
    • Meetup in Colombia – 26th September 2018
    • Meetup in Palo Alto – 26th September 2018

Cardano ADA news featured on Forbes

The Cardano project was featured on Forbes in a post that was published on the 7th of September. In the article by Yoav Vilner, he described Cardano as one of the best-known blockchain projects due to its research-based approach. He also added that the IOHK team differentiates itself by employing a first principles approach that is driven by peer-reviewed academic research to build the platform from the ground up.

September Technical Updates

The Cardano team released the latest version of the Daedalus Wallet that is now available on the Cardano website. The new wallet fixed a lot of networking issues as well as making the loading of the blockchain much faster and from scratch. Daedalus is currently the only wallet that supports ADA.

The project is currently in the Byron phase and the team is making back-end improvements to the code as well as improving the Daedalus wallet. After the Byron phase is complete, the much awaited Shelley phase will commence which is the decentralization of the network.

Existing smart contract models on the Cardano network are still being worked on by IOHK. The team has increased the allocation of resources to enable its team to embark on parallel tracks of research on the smart contracts in terms of fixing the issues seen in Ethereum smart contracts, as well as improving the general foundational design of the contracts.

loading...

A voting system is going to be implemented where the community decides on Cardano Improvement Proposals (CIPs). Details of the voting system will be released soon. The prospects of the community voting on project improvements is a sign that the platform is going to be purely decentralized.

Brief Market Analysis

The crypto markets have once again shown us that they are capable of bouncing back after a massive decline that left many of our cryptocurrency portfolios declining by at least 20%. Checking the charts, the King of Crypto, also known as Bitcoin (BTC) has once again risen to levels above $6,500 and at the moment of writing this. Further looking at Ethereum (ETH), the digital asset had scared many of us when it looked like it was losing its mojo when it had depreciated to new lows of $171. ETH is now valued at $207 and up 20.40% in the last 24 hours.

Further going down the list of the top 20 digital assets, we find Cardano (ADA) ranked 10th according to market capitalization. The digital asset is currently up 10.67% in the last 24 hours and is currently trading at $0.070. One can attribute the massive bounce of ADA in the markets as being due to the recent listing on Bittrex.

With the Cardano roadmap constantly evolving and with the prospects of the community voting system, the Cardano project is setting itself up for a bright future in terms of technical advancements and complete decentralization. These two factors will be crucial in propping the price of the digital asset of ADA to new heights.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

Ripple XRP Mega Breakout: What’s Next?

Published

on

Ripple XRP mega breakout
READ LATER - DOWNLOAD THIS POST AS PDF

The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

Continue Reading

Altcoins

Where will Tron (TRX) be when we land in the same month next year?

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

The volatility of the crypto market has made it quite difficult to predict the outcome of what prices will become. To predict the prices of cryptocurrencies, various factors and characteristics are used to forecast whether a cryptocurrency will come up with a bull run.

The price of altcoins is significantly affected by the rise and fall in the Bitcoin price. In other words, if there is an increase in the price of BTC on a given day, there will be a high tendency for other altcoins to follow the same trend.

Concerning Tron, the market activity of Bitcoin has also affected the price of TRX lately. If that is the case, what will be the price of TRX before the year runs out and even next year? Well, we will be using various factors to predict the price of TRX in a year time or so (after seeing the recent market pickup).

The expected value of Tron TRX in a year or so now?

On a positive note, Tron has released lots of projects to aid and benefit its users worldwide, ever since the launch of its MainNet. Even recently, the blockchain announced another mega project known as Project Atlas. Despite the start of these projects, there hasn’t been a significant change in its price until recently. It is essential to know that even when these projects were getting launched, its price kept depreciating.

There aren’t any upcoming projects on…

Continue Reading

Altcoins

Litecoin Cash (LCC): The potential mover?

Published

on

Litecoin Cash
READ LATER - DOWNLOAD THIS POST AS PDF

Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

Continue Reading

Trending